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Why is Estate Planning Important?
Estate planning involves planning for your death, as well as your life upon mental incapacity. Despite its importance, estate planning is often overlooked.
Many people work hard throughout their lives to provide for their families and build their estates, only to have the very things they’ve worked for and people to protect in disarray because they [...]
The Advantages and Disadvantages of a Short Sale
Living in a recession is difficult for most people, especially US homeowners that are living from one paycheck to the next. They often wonder how they will keep their mortgage payments current and prevent foreclosure of their property.
Oftentimes, misinformed homeowners are led to believe that entering into a short sale agreement with regard to their [...]
Five Factors that Determine your Credit Score
You’re often reminded of how extremely important your credit (aka FICO) score is. Nowadays, your credit score can determine whether or not you purchase a home for your family, insure your vehicle or take a new job. Yes! That’s correct. Employers are checking the credit scores of potential employees as part of the hiring process. [...]
Five Common Chapter 13 Bankruptcy Myths
Although Chapter 13 bankruptcy is not the most widely used bankruptcy option, it is preferred by many homeowners that are on the verge of losing their homes. Under a chapter 13 bankruptcy, single or married consumers are allowed to propose a three to five year repayment plan, during which time they can bring their past [...]
Bankruptcy and Your S Corporation: What are your options?
An S Corporation is a designation you can seek for your corporation primarily for United States federal income tax purposes. To form an S Corporation, you must first file Form 2553 with the IRS.
According to Wikipedia.com:
“In general, S Corporations do not pay any income taxes. Instead, the corporation’s income or losses are divided among and [...]
3 Reasons Bankruptcy May Be Right for You
Although bankruptcy is not the right solution for every consumer or business owner, it may be for you. If you’re suffering from severe financial hardship, are unable to pay your bills or trying to prevent foreclosure on your home, you may find this debt relief option very beneficial for your situati0n.
Here are 3 [...]
Is Bankruptcy Right for You?
Deciding whether bankruptcy is the best choice for your personal situation, is not an easy decision to make. Individuals seek bankruptcy relief for a number of reasons. As you consider filing for bankruptcy, ask yourself the following questions:
Are you receiving threatening notices from your creditors?
Are you on the verge of foreclosure?
Have you lost a [...]
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