by Mike Wallace | Nov 14, 2018 | Bankruptcy, Taxes
Consequence in Bankruptcy for Not Timely Filing Tax Returns We fear the Internal Revenue Service because of their power over our lives. Therefore, clients come to our office that have failed to file an income tax return for certain tax years. Significant...
by Mike Wallace | Jun 28, 2017 | Bankruptcy, Chapter 13
WHEN IT COMES TO CONSUMER BANKRUPTCY CHAPTER 13 IS OFTEN THE BEST CHOICE Even though Chapter 7 bankruptcy can have many benefits for the Debtor who qualifies and has mainly unsecured debt they are seeking relief from, Chapter 13 bankruptcy has many advantages over...
by Mike Wallace | May 11, 2017 | Bankruptcy, Chapter 7
CREDIT CARD COMPANIES MAKE IT A COMMON PRACTICE TO FILE LAWSUITS AGAINST DELINQUENT CARDHOLDERS If you have been sued by a credit card company or a junk debt buyer, you can count yourself among the thousands of individuals that are sued on a daily basis throughout the...
by Mike Wallace | May 3, 2017 | Bankruptcy, Existing Clients
EVEN THOUGH WE CONSISTENTLY ADVISE OUR CLIENTS TO NOT BE WORRIED ABOUT THEIR APPEARANCE AT THEIR CREDITOR’S MEETING, IT IS INEVITABLE THAT IT FALLS ON DEAF EARS. Every person who files for bankruptcy must attend what is commonly referred to as a...
by Mike Wallace | Sep 28, 2016 | Bankruptcy
THE WORST MISTAKE THAT PEOPLE MAKE WHEN THEY ARE IN FINANCIAL CRISIS IS TO PROCRASTINATE. There are a number of reasons people procrastinate when they are in a financial crisis. Many may delay taking action because they believe things are going to change. This leads...
by Mike Wallace | Sep 24, 2016 | Bankruptcy
I appeared as a guest today on the Financial Roundtable today, which is broadcast every Saturday and Sunday from 12-1pm on KTBB AM 700 and FM 97.5 in Tyler, and can be heard on the web at www.ktbb.com. The Host, Randy Stevenson, asked whether I have seen more elderly...
