Understanding Tax Liens and Bankruptcy

Eliminating certain types of debt through a discharge is one of the hallmarks of the bankruptcy process. A debt discharge will eliminate your personal obligation to pay a debt, which can free resources and provide the financial fresh start you need to get a hold of your finances and find stability in your future. Because [...]

By | 2017-12-14T07:04:10+00:00 June 23rd, 2017|Bankruptcy, Tax - Debt Garnishments|Comments Off on Understanding Tax Liens and Bankruptcy

Using Bankruptcy to Stop or Prevent Wage Garnishment

The state of Texas, along with a few other states, may not allow creditors to garnish wages to satisfy debts, except for special circumstances such as spousal / child support, student loans, and federal taxes. A wage garnishment is when a creditor receives permission from the court to withhold payment from paycheck earnings and have [...]

By | 2017-12-13T02:00:46+00:00 October 10th, 2016|Bankruptcy, Tax - Debt Garnishments|Comments Off on Using Bankruptcy to Stop or Prevent Wage Garnishment

Getting Rid of Back Taxes in Bankruptcy and What You Should Know

Bankruptcy can help you eliminate back income taxes depending on your situation and qualifications. You can file Chapter 7 bankruptcy to discharge tax debt that qualifies under the bankruptcy code. If your debt does not meet these qualifications, you may consider Chapter 13 bankruptcy to help you repay what you owe based on your income [...]

By | 2017-12-13T01:44:57+00:00 March 10th, 2014|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Getting Rid of Back Taxes in Bankruptcy and What You Should Know

Bankruptcy and Tax Debt: What You Need to Know

There are various advertisements on television and radio that encourage consumers to utilize special services aimed at getting rid of tax debt through bankruptcy. Keep in mind the process may not be as easy as they make it sound. Some tax debts may not qualify for elimination in bankruptcy (Chapter 7), but they may qualify [...]

By | 2017-12-13T01:45:14+00:00 November 5th, 2013|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Bankruptcy and Tax Debt: What You Need to Know

Getting Money Back From Garnishment After Bankruptcy

Garnishments are a legal actions enforced by the court to allow creditors to collect on outstanding debt. The most common is wage garnishment when funds are deducted from paycheck earnings. Bankruptcy may stop pending and active garnishment activity against you.  When bankruptcy is filed an action called the automatic stay goes into effect. The stay [...]

By | 2017-12-13T01:45:29+00:00 February 8th, 2013|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Getting Money Back From Garnishment After Bankruptcy

Tax Refund Averages

Although the season of taxes has passed, it is always very interesting to hear about the figures and averages in relation to tax time. According to the Internal Revenue Service, for those who received a refund this year that refund averaged to about $3,000 per person. With about 52 million Americans who filed their taxes, [...]

By | 2017-12-13T01:45:45+00:00 October 3rd, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Tax Refund Averages

Wage Garnishment: Can My Wages be Garnished if I Receive Disability?

Credit card companies may file a lawsuit to enforce legal ways to collect from debtors when accounts go unpaid.  If the credit card company itself doesn't pursue collection, then a collection agency may decide to pursue if they purchased the debt from the original creditor.  Unless you provide evidence that the debt has been paid [...]

By | 2017-12-13T01:46:07+00:00 July 30th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Wage Garnishment: Can My Wages be Garnished if I Receive Disability?

Bankruptcy and Wage Garnishment

Wage garnishment is an action pursued by creditors to help satisfy outstanding debt. The action allows them to take paycheck earnings and have them automatically forwarded to creditors. Bankruptcy may stop the garnishing process and even collect wages that have been garnished under certain circumstances. When bankruptcy is filed the automatic stay goes into effect [...]

By | 2017-12-13T01:46:24+00:00 June 15th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Bankruptcy and Wage Garnishment

What You Need to Know about IRS Wage Garnishment

What is an IRS Wage Garnishment? IRS wage garnishment , also known as a wage levy, is a forced form of collection imposed by the Internal Revenue Service (IRS).  This action takes place when a taxpayer fails to pay taxes.  The process allows the IRS to withhold a certain percentage of paycheck earnings to put [...]

By | 2017-12-13T01:46:35+00:00 May 7th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on What You Need to Know about IRS Wage Garnishment

Can I Stop IRS Wage Garnishment After it has Started?

Stopping Wage Garnishments Stopping a garnishment enforced by the Internal Revenue Service (IRS) can be done by utilizing several options. The main objective is to settle what you owe in taxes by working with the IRS or a tax expert to determine the best solution for your situation. You can either pay what you owe [...]

By | 2017-12-13T01:46:49+00:00 January 12th, 2012|Debt and Tax Relief, Tax - Debt Garnishments|Comments Off on Can I Stop IRS Wage Garnishment After it has Started?