Guess Which of Our Founding Fathers Was Also the Original Founder of Chase Bank?

Depending how you count, JPMorgan Chase & Co. is arguably the biggest bank in the U.S. The bank’s history now straddles four centuries, with its earliest predecessor institution, the Bank of Manhattan Company, founded in 1799. And the founder of that original company? Aaron Burr, who killed Alexander Hamilton in a pistol duel five years […]

What NOT to do after filing a bankruptcy case

Celebrity bankruptcies can teach you about your own bankruptcy about as much as celebrities’ lives can teach you about your life. Not much. But the bankruptcy of three-time baseball All-Star Lenny Dykstra CAN teach us something in the same way that fairy tales can teach kids about the lessons of life. The life lesson from […]

Reasons to Do a Short Sale? Maybe Not

Besides avoiding a foreclosure and its hit on your credit record, you may have other sensible reasons for looking into a short sale of your home. Let’s consider those other reasons.

Bankruptcy CAN Help Resolve Your Business Tax Debts

You might have heard that bankruptcy cannot help with taxes. Especially with business taxes. That’s often not true. Let’s clear up some of the myths about this. Myth: Bankruptcy does not write off (legally “discharge”) taxes. Truth: While it is true that SOME taxes can’t be discharged, many others CAN be. The law is complicated. […]

Alleviating the Burden of Business Tax Debts through Bankruptcy—Part 1

Just about every struggling business has tax problems. When expenses are very tight, it is very tempting for a small business with a few employees to withhold payroll taxes but then not pay them over to the IRS. Sole proprietors barely scraping by can’t scrape up the money to make their personal estimated income tax […]

“Automatic” Protection from Your Creditors

Many bankruptcy attorney ads in periodicals here in the South Florida area say: “Stop garnishments.” “Stop foreclosures.” “Stop repossessions.” So bankruptcy stops all those bad things. But is it as good as it sounds? How does it really work? There’s nothing more important than getting immediate protection for you, your paycheck, your home, and your […]

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