Sentences with phrase «ramifications of bankruptcy»

Practice areas emphasizing cases dealing with all matters of stopping wage garnishment, representing bankruptcy clients, Chapter 7 and 13, and assist clients in understanding all ramifications of bankruptcy proceedings.

It is important to know the tax ramifications of bankruptcy or insolvency.

Now, it sounds as if your friend appreciates the ramifications of a bankruptcy; why else would he be trying to protect the assets he's worked hard to acquire.

Not exact matches

They can't advise you on the legal ramifications of filing, they can't answer your questions about which assets, debts, or other information you must disclose on your paperwork, they can't tell you if an asset is exempt, they can't tell you if filing bankruptcy is the best debt - relief solution for you, and they can't represent you if something goes wrong with your filing.

Because bankruptcy can have so many serious known and unknown ramifications on your life, you should first thoroughly consider your other options, including renegotiating debt outside of bankruptcy.

Unfortunately, many of them did so without fully understanding the legal ramifications, what bankruptcy could and could not do for them, and without first determining if bankruptcy was really their best option.

For more information on tax ramifications to you personally you may also wish to consult a CPA or Tax Attorney and to refer to the IRS website www.irs.gov IRS Publication 908 - «Bankruptcy Tax Guide» and IRS Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness available on the IRS website.

Many of the attorney's potential clients are people who do not take filing for bankruptcy lightly; as such, they want to do some homework about what bankruptcy is, what the ramifications are, etc..

«Heart disease and heart failure is no longer an immediate death sentence but the financial ramifications are enormous forcing many Americans into bankruptcy,» explains Jesse Slome, executive director of the American Association for Critical Illness Insurance, the national trade organization.

The most challenging thing about buying distressed debt is knowing all of the legal requirements and ramifications, especially when a borrower is in or near bankruptcy.