Bankruptcy Options

Bankruptcy Can Be The Beginning of Your Financial Restoration!
If you are contemplating filing for bankruptcy to wipe out tax debt, interest and penalties, have a professional thoroughly review your situation prior to filing. In some cases, filing for bankruptcy will leave you with the clean slate necessary to start over. If you don’t qualify to eliminate tax debt through bankruptcy, however, you may find that when all is said and done, you still have a massive tax liability left to deal with.

As you may be aware, there are different types of bankruptcy that you can file for. Each one has a different purpose, outcome, and long-term effect. Determining which type of bankruptcy will be the best for your situation (if any) demands a close examination of your financial situation, assets, debts, and history from every angle. The opportunity of a second chance that bankruptcy offers could be just what you need, but you need to make sure that you have the best chance of success and nothing comes back to haunt you.

Contact us for pre-bankruptcy counseling to help you determine if bankruptcy is the best answer for you.

Before Filing for Bankruptcy, let us review your options with you.

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Your Tacoma Tax Friend’s Thoughts on Navigating a Banking Crisis

Crisis is a word that gets used a lot these days. Especially in headlines. It’s loaded with meaning… and feelings. These days you might find yourself spinning out with something like panic, dread, fear, anxiety, and any variety of mental/emotional...
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Back to Basics with Your Tacoma Small Business Taxes

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Bank Failure Lessons Tacoma People Should Learn

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Paying off IRS Debt with a Loan: Guidance for Tacoma Debtors

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Consider This When Loaning Money to Family or Tacoma Friends

Loaning money to family is tricky. There’s a minefield of complications that can be set off with one step in the wrong direction. Our own government is a perfect example. We’ve got a hefty debt, and we’ve borrowed A LOT from other nations to subsidize our...
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Legacy Tax Resolution’s Guide for How Long to Keep Tax Documents

Things are pretty interesting over at Twitter right now. The removal of blue ticks from the accounts of well-known public figures and companies has some scrambling to prove authenticity (including the New York City government – yikes!). Not to mention all...
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Easy Ways to Manage Money, Tacoma Strugglers

 Did you travel for spring break? I know it’s come and gone for most Tacoma families and college students. Maybe you traveled, maybe you didn’t, or maybe the nice weather has you planning for summer.You know when you’re returning home from a road trip and you...
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How Innocent Spouse Relief Could Help Some Tacoma Filers

 Wedding bells might be chiming for some Tacoma people as we head into warmer weather, but for others, the thud of a gavel signals the end of a happily-ever-after.As if a separation or divorce isn’t enough of a punch in the gut for you, it can be further...
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Do All Tacoma People Pay Taxes on Social Security Benefits?

We’re in the last leg of the regular tax season here. My office has been working overtime (often literally) cranking out returns for our Tacoma clients. If you haven’t touched base with us yet, and still need to process and file your paperwork, things will be a little...
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Legacy Tax Resolution on Removing a Tax Lien from Your Credit Report

Debt is such a dream killer.It has a way of strangleholding your best-laid plans and keeping you from things like……buying a house…taking a vacation…making a career change…building a good retirement…starting a businessThe list could go on.A particularly difficult kind...
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