Stop Collections Calls

Creditors are relentless in their pursuit of money. I talk to clients every day who are doing everything they can to pay creditors each month, and yet the creditors refuse to be reasonable. Bankruptcy is a vehicle available to most of those clients, and one way to view bankruptcy is that it forces creditors to…

Form 1099-C

When a creditor or lender accepts less than they are owed, the debtor often receives a Form 1099-C. This form is essentially requiring the individual to pay taxes on the amount of debt ‘forgiven’ by the lender. For example, if you have a credit card debt of $50,000 and settle with the credit card company…