Blogs

Nobody likes getting a phone call from a debt collector. If you’re being called about a legitimate debt that you know that you owe, your sense of your moral obligation to pay the debt is usually weighing heavily on your mind. After all, if you had the funds, you’d pay the debt and wouldn’t be getting calls in the first place.

I read with interest an article on myfoxal.com which discussed the potential layoff of hundreds of workers at the Fairfield Tubular Operations and Fairfield Works in the Birmingham, AL area. Nearly 1600 workers received notices but the actual number will depend on market demand according to the article.

Although bankruptcy can be a powerful tool for eliminating debt, not all debts can be wiped away.  In addition, many clients are unsure of the effects of eliminating debts and often engage in wishful thinking regarding the outcome of the case.

The Home Affordable Refinance Plan (HARP) is set to expire on December 31, 2015. Many Americans remain unaware of the program at all, much less that they may lose the opportunity to benefit from it later this year.

Most of you have received or will be receiving all the important tax documents like your W-2s and 1099s in the mail at this time of year so that you can start preparing your 2014 tax returns yourself or have a professional prepare them for you.

So what happens if you receive a 1099-C in the mail and you have already filed for bankruptcy protection?

There is one thing that many people agree on: Low gas prices are good. As of today, the national average price for a gallon of regular gasoline is around $2.04. This is quite a change from the average a year ago of $3.28.

Tax season is beginning, and with that comes tax questions about a variety of topics. Today, I am going to give a short overview on the estate tax.

Our answer to this commonly asked question is… maybe. What were commonly referred to as debtor’s prisons in the 1700s and 1800s were largely eradicated in the 20th century.  Unfortunately, today,  in some circumstances, someone can be arrested for not paying a debt.

Our oldest daughter turned 16 this year and as you probably know, insurance costs increase significantly when a teenager is behind the wheel.  While she is a great driver (no tickets-- yet!), the lead foot can get us all!  What are your options if you get a speeding ticket?  In Montgomery County, if you are issued a ticket it will have a court date listed on the ticket.  If you attend the hearing in Mu