debt settlement

Reverse mortgages can be a good option for older folks with debt problems who are “asset rich and cash poor.”

What’s a reverse mortgage?

While there are many and varied reasons that people file a bankruptcy case or settle a debt, certainly an improved credit score is a desired result. Unfortunately, post bankruptcy and post debt settlement credit reporting is often not accurate. A Creditor May Continue to Report a Debt The most common way in which credit reporting [...]

An important tax provision that allows underwater homeowners to short sell their home without tax consequences will expire at the end of this month. Earlier this year I wrote about this tax provision. You can review that article here:  http://bit.ly/YuITHG. Briefly stated, any discharge of indebtedness is income that is subject to tax at the [...]

Often, the final trigger leading a client to call me is getting suedfor a credit card. Fear !! Scarlet Letters!! Branded For Life!!  The suit can be a good thing.  You have defenses, and now you start planning for your financial fresh start instead of being hunkered down in your sweat box.  Even though there’s not enough money for a bankruptcy filing just yet.