Tag Archive: taxes

Bankruptcy helps avoid tax due on forgiven debt

When could you have to pay taxes on money that you owe? When someone, like a credit card company, forgives the amount that you owe. The IRS calls this “canceled debt” or “forgiveness of debt income” and it’s something that you need to watch out for if you owe money that you aren’t paying back.
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Debts in bankruptcy and how they’re treated

The most practical questions you likely have if you are considering bankruptcy is what it will do to each of your debts.

Pre-Bankruptcy Tax Strategies

Get the maximum benefit from your bankruptcy against your taxes by following these sophisticated strategies.

How bankruptcy can help save your small business

Bankruptcy isn’t just for cleaning up after the death of a business. It can keep your business alive.

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Call 201-676-0722 for a free consultation with bankruptcy lawyer Jennifer Weil.