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When I first started considering bankruptcy two years ago, I felt like I was in a dense fog. Between the mountains of debt, harassing creditor calls, and looming threat of foreclosure on my home, I could barely see six inches in front of my face. I had no idea how...

I. Introduction - Brief overview of bankruptcy and how it impacts taxes - Note that bankruptcy has significant tax consequences that need to be considered II. Tax Implications of Personal Bankruptcy - Overview of Chapter 7 and Chapter 13 personal bankruptcy  - Tax obligations for cancelled (discharged) debt     - Potential...

Filing for bankruptcy can feel like hitting rock bottom financially. The process involves handing over control of your assets to a bankruptcy trustee who liquidates them to pay off as much debt as possible. This can leave you starting from scratch as you try to rebuild your financial life.  While...

Declaring bankruptcy can be a difficult but sometimes necessary step when you are overwhelmed with debt. The bankruptcy process provides relief by discharging many types of debts, allowing you to make a fresh start financially. However, it also has significant impacts on your credit reports and scores that can make...