At the beginning of the year, homeowners involved in a short sale or deed in lieu transactions were given some potentially helpful tax relief.  As part of the legislation to avert the so-called “Fiscal Cliff”, Congress included an extension of the provision that allows the exclusion from gross income the amount of any  mortgage debt...Read More

One of the main goals to achieve in a bankruptcy case is to receive a discharge. A discharge is normally a single sheet of paper that indicates the elimination of all of your “dischargeable” debts.  The entry of your discharge relieves you from personal liability for most debts. In a Chapter 7 case the discharge...Read More

One of the things that you should consider this time of year is the timing of filing your bankruptcy case.  The “timing” of filing your case can impact your ability to receive any income tax refund that you may be due.  Your goal should be to receive your refund before you file so that you...Read More