Practicing bankruptcy law doesn’t provide many moments of sheer glee, but telling debt collectors about the scope of the community property discharge is surely one of them.
If you’re filing bankruptcy, you’ll need to know your monthly expenses–food, clothing, transportation, medical–you name it. And you need to help your attorney know those expenses, too.
There is good news for taxpayers wanting to settle up with the Internal Revenue Service. Uncle Sam will accept a smaller lump sum payment to settle unpaid tax debts.
The United States will go over the fiscal cliff tomorrow if Congress cannot come up with at least a short term solution. But what about us? Many of us have already gone over our fiscal cliff. Even if Congress finds a way to avoid the country going over the cliff, it is unlikely they will help the rest of us solve our financial distress.
