As the festive holiday season draws near, it’s vital for individuals to be aware of how your spending habits during this period might impact any ongoing or future bankruptcy proceedings. Bankruptcy laws in the United States are meticulously crafted not only to provide a second chance for those struggling with overwhelming debt and to help…
Ah, the holiday season—a time of joy, celebration, and, let’s face it, potential stress. We all look forward to connecting with loved ones and enjoying festive activities, but the pressure of managing gifts and finances can be overwhelming. If you’re feeling this squeeze in Wilkes-Barre or anywhere in Northeastern Pennsylvania, you’re certainly not alone. Enter…
The estate tax is imposed on the privilege of transferring property by will, or through an estate without a will or by operation of law. The maximum estate tax rate is 40% after 2012. Only large estates are taxed by the Internal Revenue Service (currently estates having a value at the date of death exceeding…
When dealing with legal matters, it is of utmost importance to grasp the nuanced distinction between lawyers and attorneys. This understanding becomes particularly critical when navigating intricate and multifaceted issues such as Chapter 7, Chapter 11, and Chapter 13 bankruptcies. These types of bankruptcies each represent different approaches to debt relief and financial restructuring under…
Reaffirming a debt means that the debtor agrees to be responsible for a debt that would otherwise be discharged. This procedure most frequently arises when a chapter 7 debtor has a secured vehicle loan. The loan agreement provides that if the debtor files for bankruptcy, that filing is a default and the lender can now…
© 2024 Attorney C. Stephen Gurdin Jr. All Rights Reserved
