Individuals in Florida and throughout the country who have a debt balance forgiven may have to pay taxes on the amount that they no longer owe. An exception may be made in the event that a debtor is insolvent or if a debt was discharged through bankruptcy. In many...
Month: June 2020
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Bankruptcy is an option with medical debts
Many Florida residents are struggling under the weight of medical debt. When one owes a lot of money because of a medical bill, bankruptcy could be an advantageous option. Medical debt is a large problem in the country as many receive surprise hospital bills after...
Understanding requirements for successful Chapter 13 bankruptcy
Floridians who are in financial trouble and need debt relief may want to consider the benefits of bankruptcy. For those who have property they want to retain, Chapter 13 bankruptcy may be a preferable alternative to a Chapter 7 liquidation. People can keep certain...