08.22.2014 | by Chris Frye
“So, if someone is bankrupt they are broke right? If so, how do they pay you to file for bankruptcy?” This is a very common question that I get when I tell people what I do for a living. Believe it or not, the answer to the question is relatively simple and straightforward. It often elicits a reaction that goes something like, “Oh, that makes perfect sense. I never thought about it that way before.” Allow me to explain.
08.08.2014 | by Chris Frye
With all of the information available on the web about seemingly every topic imaginable, it should come as no surprise that there is a plethora of information regarding bankruptcy. Doing your research before filing for bankruptcy is smart. The internet is a great way to do your research. However, just because there it a lot of information regarding bankruptcy on the web doesn’t mean it is accurate information. Even if the information is accurate it may not apply to your situation. So . . . be careful!
02.07.2014 | by Lauren Lamb
I just got off of the phone with Joe. He received a tax document called a 1099-C in the mail from Chase. He has a credit card with Chase that he hasn't paid in about a year. A month ago, he received a letter from Chase stating they were no longer going to be collecting the debt he owed. He really didn't think anything of it until he got an IRS form 1099-C. He isn't sure what impact, if any, this will have on his taxes.