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…
When you file for chapter 13 bankruptcy protection you are required to repay your outstanding debt, usually within a three to five year period, and allowed to keep your property. This bankruptcy option can be ideal for working individuals who have a substantial amount of debt on secured assets like a home, automobile or other…
Today, an increasing number of consumers are considering bankruptcy as a debt relief option. If you are one of those consumers, it is imperative that you try to avoid common mistakes that can result in your bankruptcy case being dismissed. Read more...
The short answer is Yes. Chapter 13 bankruptcy is typically designed to help working individuals protect assets like their home and automobile while adhering to a plan that ensures your creditors are paid. You can seek the help of an experienced bankruptcy lawyer in structuring a three to five year payment plan that will allow…