Category: Bankruptcy

Banned Bankruptcy Company Continues Operations while Eluding the Law

A single mother of two children decided to file bankruptcy after having dealt with mounting debt since she lost her job in 2012. With hardly any money saved in the bank, she needed bankruptcy assistance at a low price. She came across USA Bankruptcy Associates, which offered to fill out her 67-page bankruptcy document for […]

Forgiven Debt is Taxable Income

Surprising news for many American consumers out there: Forgiven debt is taxable income! When you’re buried in debt, the one saving grace is often creditor settlement. Creditors are often willing to negotiate a significant discount on a debt when they know that a consumer is unable to pay in full. The rationale is that they […]

Pulling Yourself Out of Debt

Pulling yourself out of debt is always an uphill battle. However, with the right tools and mindset, you can start chipping away and eventually free yourself of debt. When you first set out to tackle your debt, consider four factors: Your debt strategy Downgrading opportunities Money-making opportunities Other ways to save With regard to your […]

Going Bankrupt

Now that started down the going bankrupt path, and introduced you to the different chapters, it’s time to dig a little deeper. We want to arm you with knowledge you need of bankruptcy court and the proceedings so you’re comfortable and confident going bankrupt. This is by no means an exhaustive list, however, we hope […]

Rebuilding Bad Credit

Your credit score isn’t just a number. It is a measuring stick against which lenders, utility companies, landlords and other entities judge your ability to pay for the things you want. The lower your credit score, the more difficult it becomes to secure a loan and negotiate favorable interest rates. People suffering from poor credit […]

Bankrupt | Bankr | Bank rupt

For those unfamiliar with financial struggles, bankrupt is often associated with irresponsible spending. This judgment often leads to the common misconception that those who go bankrupt (bankr or bank rupt). McFarlin LLP knows that this is grossly inaccurate. Loss of job, cut in hours at work, divorce, medical issues and other major personal problems can leave […]