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The tax deadline this year is April 17, 2018. Filing your taxes can be complicated, but simple mistakes can lead to an audit by the Internal Revenue Service. The IRS may randomly select a taxpayer’s return and compare the return to other similar returns to check for anything out of the ordinary.

Last month, we wrote about Nashville, Tennessee based Gibson Guitar’s financial troubles and the possibility of them filing for bankruptcy.  Well, it appears that more troubles are brewing.  Bloomberg reported that

According to the Federal Deposit Insurance Corporation, the level of debt for consumers who are behind on their credit cards increased in the fourth quarter of 2017 by $11.9 billion. That’s an increase of 11 ½ percent.

My wife shared with me recently a chapter from the women’s bible study she is doing on Wednesday night at our church, Westwood Baptist Church in Alabaster, AL.

When you decide that you need help with your finances, one of the choices you may make is to meet with a bankruptcy attorney to discuss your options.  One option is known as chapter 13 and you sometimes hear people call this option the debt consolidation option because it works very similar as if you consolidated your debts.  Last year, one of my colleagues outlined the

A recent CNBC article discusses the ongoing issue of ballooning student loan debt.  The new Federal Reserve Chairman, Jerome Powell, said this week that he believes the student loan debt could slow down economi

For all of the many years that I have been practicing in this area of law, I have never seen a consistent and recurrent news theme where security clearance issues and problems continue to be predominate in the daily news cycle.  In fact, what prompted me to write this blog post is the recent news article, titled "Dozens

While many people hope to never need to file a Bankruptcy case, it is important to remember that the process of bankruptcy is a legal and financial tool that is designed to help individuals and families recover from economic hardship.  As such, knowing the limits on how often you are able to file a bankruptcy case is valuable financial planning information.

Many of our clients come to see us after they have visited their accountant or tax preparer, believing they were going to receive a nice refund only to find out they owe Uncle Sam money instead. Not only did they think “I have money coming,” they frequently have borrowed thinking “I can pay this right back with my refund." So now, they are doubly in trouble with both a loan to pay back as well as a tax bill. What?

According to a recent CBS MoneyWatch article, the credit card debt problem looks a lot worse in Southern metropolitan cities. Specifically, CreditCards.com’s research found that in Texas alone, three cities placed in the top five. Things certainly are bigger in Texas it appears. But in all seriousness, the credit card debt problem is only getting worse.