The purpose of bankruptcy is to get a fresh start financially; however, this is not something you can do for free. There are fees to file for bankruptcy, and you will need to pay some of these fees even if you decide to file without the help of a lawyer. Here is a breakdown of the fees you should expect to pay if you go through with this. It's important to know how much this will cost so that you can plan for it and have the money saved up before you file.
Bankruptcy could be the relief you need if you are facing foreclosure. Filing for bankruptcy does not necessarily mean you will not lose your home, but it could have an impact on what you ultimately owe on your loan. If you are facing foreclosure, here is what you need to know about using bankruptcy to alleviate debt and possibly save your home.
What If You Want to Keep Your Home?
The 2015 New York State Budget updated the property tax freeze credit introduced in 2014, offering state residents the opportunity to get back any extra money they spent in property taxes. This tax credit is perhaps less known to residents, and some people in New York are unaware of their entitlement. Find out if you are eligible for the tax credit, and learn more about the relevant rules and regulations that apply.
If you owe money to the IRS, it's possible to negotiate with the agency to pay less than the assessed amount. The agency has what's called an Offer in Compromise program that lets taxpayers submit a settlement offer for an amount they're willing pay. The trouble is, you have to offer an amount the IRS finds acceptable; otherwise, it won't agree to the settlement. Here's what you need to know about the Offer in Compromise program to help you calculate an offer amount that will be approved by the IRS.
When you live paycheck to paycheck, there may come a time when you get behind on your utility bills. If the utility company is threatening to shut off your service, here are three things you can do to stop them and keep your utilities on.
Negotiate with the Utility Company
With 46.5 million Americans living in poverty, the utility companies are cognizant of the fact that people can't always pay their bills and, thus, have developed a variety of programs to help past due customers get caught up.