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Category: Bankruptcy Lawyers

Premium Kancelaria prawnicza w Gdańsku

Posted on March 1, 2022March 19, 2022 by Pliskovika

Wysoka jakość Kancelaria prawnicza Polska 2022? Nasza kancelaria adwokacka mieści się w ścisłym centrum Gdyni i oferuje usługi prawnicze realizowane na wielu płaszczyznach prawa, korzystając z doskonałego przygotowania i wieloaspektowego stosunku do realizowanych zadań. Kładziemy ogromny nacisk na wnikliwe przeanalizowanie konkretnych przypadków, opracowując optymalne modele działania. Dbając o jakość realizowanych usług, podnosimy posiadane kwalifikacje i szczegółowo analizujemy linię orzeczniczą trójmiejskich sądów, dzięki czemu posiadaną wiedzę możemy przełożyć na efektywną pomoc prawną. Odkryć jeszcze informacje tutaj adwokat gdynia.

Adwokat rozwodowy jest także wsparciem psychicznym dla swoich Klientów na sali sądowej. Stres jest nieodłącznym towarzyszem procesów sądowych. Brak umiejętności zachowania trzeźwości umysłu może negatywnie wpłynąć na końcowy rezultat. Bez wątpienia sprawy rozwodowe niosą za sobą ogromny ładunek emocji. Sąd na rozprawie raczej stronom nie pomaga. Dodatkowo możemy być pewni, że przeciwnik procesowy będzie wszystko utrudniał i starał się nas wyprowadzić z równowagi. Dlatego warto mieć obok siebie adwokata, który będzie dla nas dużym wsparciem. Nie tylko wsparciem prawnym, ale również psychicznym. Adwokat zawsze zwiększa poczucie bezpieczeństwa.

Instytucja zasiedzenia wydaje się być sprzeczna z konstytucyjną zasadą nienaruszalności prawa własności. Jednakże, z praktyki i doświadczenia naszej Kancelarii wynika, że zasiedzenie stoi ponad prawem własności. Obrona przed zasiedzeniem Jak bronić się przed zasiedzeniem? Przede wszystkim – co najważniejsze – należy starać się przerwać bieg terminu zasiedzenia. Jeśli tylko mamy podejrzenie, że ktoś traktuje naszą własność jak właściciel – musimy wnieść do Sądu powództwo windykacyjne.

Jaka jest wysokość zachowku? Zachowek jest ułamkową częścią udziału spadkowego, który przysługiwałby uprawnionemu, gdyby był powołany do dziedziczenia. Jeżeli uprawniony do zachowku jest trwale niezdolny do pracy albo jeżeli zstępnym (dzieckiem lub wnukiem) jest małoletni, to zachowek wynosi 2/3 wartości udziału spadkowego, który by mu przypadał przy dziedziczeniu ustawowym. W pozostałych przypadkach jest to połowa wartości udziału, który by mu się należał, gdyby dziedziczył na podstawie ustawy.

Jak zlokalizować testament i majątek spadkowy? Sporządzając testament u notariusza można wpisać sporządzony dokument testamentu do Notarialnego Rejestru Testamentów (NORT). Znajdujące się w rejestrze testamenty mogą zostać w szybki i prosty sposób odnalezione przez osoby zainteresowane spadkiem. Co się stanie gdy sporządzimy nieważny testament? W przypadku sporządzenia nieważnego testamentu o sposobie podziału spadku zadecydują przepisy ustawy, a nie autor testamentu. Odkryć dodatkowy detale tutaj https://czaplewski-kancelaria.pl/.

Posted in Bankruptcy Lawyers

Top personal injury law firm in Charlotte

Posted on October 20, 2021November 18, 2021 by Pierce

Excellent personal injury attorneys in Rutherfordton You may be entitled to other insurance benefits. If you have PIP, auto med pay, group or private health insurance or are covered under a spouse’s or parent’s insurance, your attorney can coordinate submission of all collateral insurance claims to maximize your total recovery. Never settle your claim before its time. It sometimes takes many months to settle a claim. Occasionally a claim may take a year or longer to be resolved. In fact, it is not in the accident victim’s best interest to settle certain types of claims too soon because it often takes a long time for serious injuries to become evident or for treatment or surgery to provide the maximum benefit to the injured party. Find more details at this site. Injuries from an accident or due to the negligence of another can leave you with many new challenges-pain, medical bills, and lost wages, to name a few. All of it is compounded by the anxiety of wondering how to pay for your recovery. You do not have to face these problems alone. Price Petho & Associates is a team of experienced Charlotte personal injury attorneys who will fight for our clients. We are resourceful problem solvers ready to help you seek the compensation you need and deserve.

Anytime somebody loses their life due to the careless, negligent, or intentional actions of another person or entity, the family member or personal representative of the deceased may be able to file a wrongful death lawsuit in order to recover compensation. These cases can become immensely complicated, but family members deserve to have some sort of compensation and closure for their losses. Wrongful death claims arise in various ways, including vehicle accidents, workplace accidents, defective product incidents, and more.

When a person dies as a result of negligence, wrongful action, or the fault of another person, it is vital that family members be able to recover compensation for their losses. These incidents can occur in a wide variety of ways, including any of the types of injuries we mentioned above and more. Success in every case requires thorough preparation and attention to detail. We pride ourselves on providing the highest level of personal service to our clients and aggressive representation on their behalf.

What Coverage Does Workers’ Compensation Provide? In North Carolina, workers’ compensation covers employees injured by accident in the course of their employment, even where the employer is not at fault. In fact, work comp will pay even when the employee is negligent in causing their own injuries. However, accepting this coverage requires a mandatory waiver of the injured employee’s right to sue the employer for negligence in causing the injuries, though they can still sue a third-party responsible for the injury.

Our motto “the knowledge and experience you need” is not merely a catchphrase. Our attorneys have over 100 years of combined legal experience in personal injury claims. Our staff consists of former insurance adjusters, assistant district attorneys, and experienced litigators. The firm has successfully litigated thousands of cases and recovered over $200 million on our client’s behalf. Few attorneys in Charlotte have tried over 300 cases to juries, but each attorney at Price Petho & Associates possess over 25 years of individual experience. By understanding the practices and strategies that work best in court, we are equipped to help our clients get the restitution they deserve. We offer free consultations, so you can learn more about your case without any obligation. Additionally, we earn no fee unless we help you recover compensation. Find additional info at https://www.priceattorneys.com/.

Posted in Bankruptcy Lawyers

Bankruptcy guarantee Raleigh right now

Posted on October 19, 2021October 24, 2021 by Raducioiu Hristo

Family-run bankruptcy law office Raleigh right now? A Chapter 13 will STOP the danger of repossession (repo) as long as you continue making payments on the vehicle through the Chapter 13 plan or to the creditor directly. Many times a Chapter 7 can save a vehicle from repossession if it is redeemed or reaffirmed. If you have a vehicle that you wish to keep that is in danger of repossession, it is important that you file bankruptcy as soon as possible. Many times we have seen people take their time and lose a vehicle that they wanted to keep. We can file an emergency bankruptcy in a day or two, and if you are in danger of losing your vehicle, you need to ask us to do this.

Meet With Your Tax Advisor: November is a good month to meet with a tax advisor, Powell says. They have finished their October tax filings and may have time in their schedule before the busy tax season starts after the first of the year. “If you sit down and do some math between now and the end of the year, you can make sure you are in a favorable tax bracket,” Barlin says. An advisor can help pinpoint strategies to reduce taxable income through retirement contributions or itemized deductions. That, in turn, may be key to ensuring households remain eligible for some income-based tax incentives such as student loan interest deductions. If you don’t regularly use a tax professional, Barlin says running numbers through tax software can be just as beneficial.

Any limitation on the time allowed to the IRS to collect, such as non-filing of the return or an offer in compromise or bankruptcy, “tolls” or extends the “3-Year Rule” past April 15th of the third year after the return was due. Other events can delay the bankruptcy filing date to discharge taxes, including prior bankruptcies. The time rules (3-Year, 2-Year and 240-Day) are all delayed by the period in the prior bankruptcy proceeding, plus an additional 6 months. If you file an Offer in Compromise, the 240-Day period is extended by the period it is under IRS consideration, plus 30 days. Find additional details on bankruptcy lawyer Raleigh.

State tax you paid last spring: Did you owe taxes when you filed your 2018 state tax return in 2019? Then remember to include that amount with your state tax itemized deduction on your 2019 return, along with state income taxes withheld from your paychecks or paid via quarterly estimated payments. Beginning in 2018, the deduction for state and local taxes is limited to $10,000 per year. When you buy a house, you often get to deduct points paid to obtain your mortgage all at one time. When you refinance a mortgage, however, you have to deduct the points over the life of the loan. That means you can deduct 1/30th of the points a year if it’s a 30-year mortgage—that’s $33 a year for each $1,000 of points you paid. Doesn’t seem like much, but why throw it away? Also, in the year you pay off the loan—because you sell the house or refinance again—you get to deduct all the points not yet deducted, unless you refinance with the same lender.

We believe in excellency as both a virtue and a compulsion. We are workaholics, both passionate and personable. We believe success is measured by action, not wealth. We believe in doing the right thing for the right price. We are family, and will treat you like family, too. We are Cameron Bankruptcy Law. Sheree Cameron’s double undergraduate degree came from the University of Tennessee where she graduated “Summa Cum Laude”. Sheree received a scholarship for the UNC Chapel Hill School of Law, where she received her Doctorate in Law. She has helped people find relief from their debts as a Bankruptcy Lawyer for over 10 years, and carries an “A+” rating with the BBB® under “Cameron Bankruptcy Law”. Find more information on https://www.cameronbankruptcylaw.com/. Sheree is in the top 3.9% nationwide! After the bankruptcy, Kerry can help you raise your credit score to 720+!

Chapter 13 plans operate very much like bill consolidation loans, in that debts are consolidated into one monthly payment that is paid to a Trustee. The Trustee then pays the Creditors. Certain debts such as attorney fees are given priority and are paid first. Then taxes and child support are given priority and are paid before the secured debts. After priority debts, secured debts are paid. The last debts to be paid are unsecured debts. A Trustee is an attorney appointed by the Court. He is not a judge, although he runs the 341 hearing in both Chapter 7 and 13 cases and will ask questions at the 341 hearing like a judge. The trustee does not work for you. He represents the banks and the Creditors that you owe. The Trustee’s major job is to take property from you if he can. This is how he earns his fees. Although you are required to tell the truth at the hearing, this is not the time to brag about how much your property is worth if it is worthless.

Posted in Bankruptcy Lawyers

Bankruptcy attorney Houston, Texas and chapter 7 reliable lawsuits

Posted on July 15, 2021August 6, 2021 by Pierce

Houston, TX tax attorney by Dove law firm right now? Your first indication that you have been sued is when you begin receiving advertisement letters from lawyers offering their help because you are being sued. Lawsuits can be scary and confusing. Lawyers can help you understand what’s happening, though. Law firms have access to the basic information contained in a lawsuit (who is suing, who is being sued, the dollar amount claimed, etc.) through the various courts’ and clerks’ computer systems.

When you are in a tough financial situation, the IRS may consider your debt to be uncollectable (sometimes called ‘Code 53’ due to the internal computer code the IRS uses). If collecting from you means you may not be able to put food on the table, pay for medical treatment, hold down a job, etc., the IRS may deem the debt uncollectable. The downside is that this is not permanent and interest and penalties continue to accrue. The IRS can periodically evaluate your situation and can move you out of uncollectable status in the future. This is a band-aid approach and should be used only if the situation is right.

If you have questions about how a Chapter 7 bankruptcy or a Chapter 13 bankruptcy in Houston (or the surrounding areas) may be able to help you or your business, please call today to schedule a free consultation. Even if bankruptcy is not right for you and your situation, I may be able to help you through the process of debt settlement, if needed. My job as a lawyer is to educate you about all of your options when seeking a financial fresh start so that you can make an informed decision that is right for you. I think that customer help should be the number one priority in any business, but it is also very important important in the bankruptcy and debt settlement field. When people are struggling financially they may be stressed, nervous and scared about their situation. The prompt returning of telephone calls and e-mails is important so as to help alleviate anxiety. You can also take comfort in knowing that you will be speaking with an attorney every time you call or come in for an appointment. Dove Law Firm, PLLC is a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code as well as resolve other debt issues. Find even more details at ryan dove bankruptcy lawyer.

Chapter 13 petitioners must stipulate that they haven’t had a bankruptcy petition dismissed in the 180 days before filing due to their unwillingness to appear in court. Also, anyone seeking bankruptcy protection, must undergo credit counseling from an approved agency within 180 days of filing a petition. Shortly after filing, the debtor also must propose a repayment plan. A bankruptcy judge or administrator will hold a hearing to determine whether the plan meets the requirements of the bankruptcy code and is fair. Creditors may raise objections to the plan, but the court has the final say.

Hold Off on Mutual Fund Purchases: People should be wary of buying mutual funds at this time of year if they will be held in a taxable account. You could get hit with a tax bill for year-end dividends even if you just purchased shares. “That’s how mutual funds work, but people don’t realize it,” says Joanna Powell, managing director in the Boston office of accounting firm CBIZ MHM. To avoid paying additional taxes, consult with a broker before making a purchase to find out when distributions are made.

Child and Dependent Care Tax Credit: A tax credit is so much better than a tax deduction—it reduces your tax bill dollar for dollar. So missing one is even more painful than missing a deduction that simply reduces the amount of income that’s subject to tax. But it’s easy to overlook the child and dependent care credit if you pay your child care bills through a reimbursement account at work. The law allows you to run up to $5,000 of such expenses through a tax-favored reimbursement account at work. Up to $6,000 in care expenses can qualify for the credit, but the $5,000 from a tax favored account can’t be used. So if you run the maximum $5,000 through a plan at work but spend more for work-related child care, you can claim the credit on up to an extra $1,000. That would cut your tax bill by at least $200 using the minimum 20 percent of the expenses. The credit percentage goes up for lower income households.

What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy? Chapter 7 and Chapter 13 are the two common types of bankruptcy that affect consumers. Either could help when you don’t have the means to pay all your bills, but there are important differences between the two. A Chapter 7 bankruptcy can wipe out certain debts within several months, but a court-appointed trustee can sell your nonexempt property to pay your creditors. You also must have a low income to qualify. See more info on https://dovebankruptcylaw.com/.

Posted in Bankruptcy Lawyers

High quality lawyer services in Ghana

Posted on January 3, 2021January 12, 2021 by Gonne

Top lawyer services Ghana? Our experts with practical local and international experience in the field of wealth management will advise you on a wide range of areas including the following: Transfer of Wealth to Younger Generations – We recognize that family wealth represents family pride, and that the erosion of family legacies could spell doom for generations of family members unborn. CQ Legal has vast experience in company law and its associated good governance practices in terms of filing statutory documents as required and advising and training of management teams on good governance practices in a rapidly interconnected world such as US Foreign Corrupt Practices Act, UK Anti-Bribery Act, and the Office of Foreign Assets Control.

On behalf of our music clients on the preparation, negotiation of recording agreements, management agreements, sponsorship and merchandising agreements, distribution agreements, license agreement and a range of related commercial and dispute resolution matters and resolve complex disputes. We have expertise in representing clients on marketing, advertising and promotion matters from production companies, publishers, filmmaker, and TV stations and Networks. In the area of media, we are guided by the shift into innovation within this sector from the creation of content, distribution, digital commerce, data, and media technology and are very insightful and dynamic in this space.

Our trade finance experience ranges from working on transactions and a variety of instruments ranging from letters of credit, standby credit, bonds, guarantees, to structured financing transactions involving secured syndicated facilities to export and sale of commodity. Our experience in funds covers all aspects of fund formation, structuring and management. Our focus is on alternative investment funds, private equity funds, hedge funds, sovereign investment vehicles, infrastructure and other investment funds. Our experience in project finance, public –private-partnerships and infrastructure finance stems from knowledge of representing sponsors, lenders and borrowers in the exploration, renewable energy roads and railway sectors across Africa. Discover extra information on Ghana Lawyer.

CQ Legal is able to meet the dynamic, diverse and complex needs of the sector. Whether you have a complex transaction, energy project to finance, natural resource to develop or a regulation to navigate, we will work as part of your team to solve your toughest legal issues. Our practice is driven by a genuine understanding of key business technology and processes and is particularly strong in energy regulation, major projects, corporate finance, environmental and dispute resolution. We have advised on mergers and acquisitions and start-ups assisted on strategic, operational, corporate and contentious aspects of our clients’ business and are proud to have a strong relationship with all regulatory bodies in the industry as a result of years of practice in the sector.

We can provide expert advice to a broad range of creditors, companies and individuals in difficult financial situations to help them work out a practical solution, including the potential restructuring and recovery options that are available. We combine our restructuring and insolvency expertise with a strong understanding of a broad range of sectors such as technology, communications, e-commerce, financial services, real estate, media, sport, aviation and energy. Find even more details on cqlegal.net.

Posted in Bankruptcy Lawyers

Family attorney in Texas

Posted on August 31, 2020September 3, 2020 by Gonne

Divorce law firm in Texas? Don’t be surprised if the insurance company offers you a settlement shortly after your injury accident. Typically, this means they know you have a viable claim. They might offer you a small settlement, hoping you will take a quick payout, even though the value of your claim could be significantly higher. Once you accept that settlement, you will give up your rights to recover any further compensation.

Never be embarrassed to tell your doctors about all of your complaints. The value of your claim is due in large measure to the doctor’s diagnosis and treatment. The doctor can only treat what he observes of what you tell him. The doctor’s records will only be as complete as information that he receives. Keep track of all prescriptions and medicines taken, preferably saving all bottles or containers of medicine. Provide your attorney with receipts for all medications, both over the counter and prescription medications as well as any other items purchased such as crutches, canes, neck braces, splints and bandages.

Estorga Johnson Law Firm, PLLC is a general litigation practice. We work diligently with our clients to educate them on the entire process, from initial filings to potential outcomes. The goal is to make sure all questions are answered to ensure clients are fully prepared to meet any challenges that may arise. Having access to experienced and dedicated representation in a legal proceeding can make the difference between a positive or negative outcome that could greatly impact your life. Find even more details at sa lawyer.

Cases involving child protective services are serious and should not be taken lightly. Once the department decides to move forward with a removal proceeding there will a hearing set, it is crucial to have an attorney present at this hearing to argue against the allegations made. The law provides for a very low burden of proof required to be proven by the state in order to get such a removal granted, as such it is crucial to not delay seeking legal advice or counsel. If such removal is granted, parents must then work with the department to complete an array of services ordered by a Judge to get their child(ren) back. These cases are complex and require parent’s complete attention and involvement.

During negotiations, mention any emotional points supporting your claim. If, for example, you have sent the adjuster a particularly strong photo of a smashed car or a severe-looking injury, refer to it. If there was a bottle of beer found in the other party’s car, refer again to the possibility of alcohol use. If similar accidents had occurred in a similar way at that location, remind the adjuster. If your injury interfered with your ability to care for your child, mention that your child suffered as a result. Even though there is no way to put a dollar value on these factors, they can be very powerful in getting an insurance company to settle an accident claim.

Family law involves a number of areas and can be very complex. Having the right attorney to adequately represent you in handling your affairs will assist in protecting your rights in pre-nuptial agreements, divorce, child custody, child or spousal support and other general cases. The Texas Family Code determines the amount of child support owed based on the net income of the parent with the obligation to provide support. This calculation includes (but is not limited to): salary, commissions, overtime pay, tips , and bonuses. Discover additional information on https://www.estorgalaw.com/.

Posted in Bankruptcy Lawyers

Dove law firm Houston, TX and chapter 7 advices

Posted on June 17, 2020July 3, 2020 by Pliskovika

Chapter 7 tips from bankruptcy lawyer Houston: Many of the courts in Harris County, Galveston County and Fort Bend County require mediation to be completed before a trial can be held. Mediation is when both sides meet with an independent third person who attempts to get the parties to reach an agreement. A mediator is a go-between and does not have the power to make any decisions in the case. If neither side files or prevails on a summary judgment motion and settlement is not reached, the case will be set for trial. In a trial for an unpaid debt, the judge (or jury in some instances) decides two questions. The first question the judge decides is if the Defendant legally owes a debt to the Plaintiff or not. If it is decided a debt is owed, the second question the judge decides is how much the Defendant owes to the Plaintiff. In a debt lawsuit, the Defendant’s ability to repay the debt or reason the Defendant failed to make payments on the debt is irrelevant to the questions the judge is deciding.

Student loan interest paid by you or someone else: In the past, if parents or someone else paid back a student loan incurred by a student, no one got a tax break. To get a deduction, the law said that you had to be both liable for the debt and actually pay it yourself. But now there’s an exception. You may know that you might be eligible to take a deduction but even if someone else pays back the loan, the IRS treats it as though they gave you the money, and you then paid the debt. So, a student who’s not claimed as a dependent can qualify to deduct up to $2,500 of student loan interest paid by you or by someone else.

Chapter 7 bankruptcy, also known as a straight or liquidation bankruptcy, is a type of bankruptcy that can clear away many types of unsecured debts. If you’re far behind on your bills and don’t have the means to afford monthly payments and living expenses, filing Chapter 7 bankruptcy could be a last resort to help you reset your finances. However, you may have to give up some of your possessions, and it will have a long-lasting negative impact on your creditworthiness. Find more information at chapter 7 bankruptcy Texas.

I hope that you find this website to be helpful and informative. Information on a website, however, is not a substitute for the knowledge and advice of an experienced bankruptcy attorney. Once you have had a chance to look over our website, please fill out the contact form or give us a call to talk more about the specifics of your situation. I will get back to you the same business day, if possible. Take your first step towards a fresh financial start!

Avoid Taxes on an RMD with a Charitable Donation: Seniors who have a traditional 401(k) or IRA must take a required minimum distribution each year once they reach age 70 1/2. Those who don’t need this money for living expenses may want to consider having it sent directly to a charity as a qualified charitable distribution. “It’s basically a check issued from the IRA and made out to the charity,” Zollars says. This prevents the money from becoming taxable income and could help reduce the amount of Social Security retirement benefits that are deemed taxable, too.

To be eligible to file for Chapter 13 bankruptcy, an individual must have no more than $394,725 in unsecured debt, such as credit card bills or personal loans. They also can have no more than $1,184,200 in secured debts, which includes mortgages and car loans. These figures adjust periodically to reflect changes in the consumer price index. One of Chapter 13 allows you to stop an effort to foreclose on your home. Filing a Chapter 13 petition suspends any current foreclosure proceedings and payment of any other debts owed. This buys time while the court considers the plan, but it does not eliminate the debt. Hopefully, the bankruptcy plan will free enough of your income that you’ll be able to make regular mortgage payments and keep your house.

I think that customer service should be the no 1 priority in any business, but it is especially important in the bankruptcy and debt settlement field. When people are struggling financially they may be stressed, nervous and scared about their situation. The prompt returning of telephone calls and e-mails is important so as to help alleviate anxiety. You can also take comfort in knowing that you will be speaking with an attorney every time you call or come in for an appointment. Dove Law Firm, PLLC is a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code as well as resolve other debt issues. See even more details on bankruptcy attorney Houston TX.

Posted in Bankruptcy Lawyers

Bankruptcy attorney Houston

Posted on May 17, 2020May 18, 2020 by Raducioiu Hristo

Bankruptcy attorney Houston: The trustee’s job is to review your finances and assets and oversee your Chapter 7 bankruptcy. They will sell certain property the bankruptcy won’t let you keep (nonexempt property) and use the proceeds to repay your creditors. The trustee will also arrange and run a meeting between you and your creditors—called a creditor meeting—where you’ll go to a courthouse and answer questions about your filing.

Child and Dependent Care Tax Credit: A tax credit is so much better than a tax deduction—it reduces your tax bill dollar for dollar. So missing one is even more painful than missing a deduction that simply reduces the amount of income that’s subject to tax. But it’s easy to overlook the child and dependent care credit if you pay your child care bills through a reimbursement account at work. The law allows you to run up to $5,000 of such expenses through a tax-favored reimbursement account at work. Up to $6,000 in care expenses can qualify for the credit, but the $5,000 from a tax favored account can’t be used. So if you run the maximum $5,000 through a plan at work but spend more for work-related child care, you can claim the credit on up to an extra $1,000. That would cut your tax bill by at least $200 using the minimum 20 percent of the expenses. The credit percentage goes up for lower income households. Read extra information at Bankruptcy attorney Houston TX.

Bunch Your Charitable Contributions: In 2019, married couples filing jointly have a standard deduction of $24,400. For single taxpayers, the standard deduction is $12,200. The Tax Cuts and Jobs Act of 2017, which nearly doubled the standard deduction, also eliminated miscellaneous deductions, capped state and local tax deductions at $10,000 and limited mortgage interest deductions to loans of up to $750,000. These changes can make it difficult to itemize deductions unless someone has significant charitable donations. Powell suggests people bunch two years of contributions into a single year, which would allow them to claim an itemized deduction every other year. For those with the financial means, setting up a donor-advised fund may be ideal. “You get the deduction in the year you move the money (into the fund),” Powell says. However, charitable gifts from the fund can be spread out over time.

Chapter 13 bankruptcy is like Chapter 11, which applies to businesses. In both cases, the petitioner submits a reorganization plan that safeguards assets against repossession or foreclosure and typically requests forgiveness of other debts. They both differ from the more extreme Chapter 7 filing, which liquidates all assets except those specifically protected. No bankruptcy filing eliminates all debts. Child support and alimony payments aren’t dischargeable, nor are student loans and unpaid taxes. But bankruptcy can clear away many other debts, though it will likely make it harder for the debtor to borrow in the future.

Posted in Bankruptcy Lawyers

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