Anyone considering marriage must consider the long-term effects of their partner’s financial risks, as well as their own. For example, getting married can affect the value of loan payments and any tax breaks that result from loans. This rule applies to student loans as well. Any couple preparing for marriage should first consult a professional…
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It’s standard practice for the IRS and state tax agencies to withhold tax returns from those who owe severe debts to creditors. These agencies will also hold on to the tax refund of a spouse, even if the spouse isn’t in debt themselves. Individuals that are in danger of losing their tax refund because of…
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Creditors have a myriad of choices when they need to collect a debt from an individual. When all other attempts to collect the debt are unsuccessful, creditors often demand that a debtor’s wages be garnished or deducted. Wage deduction is the last option for debt collectors. Debt collectors will work with a debtor’s employer to…
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When a creditor takes a person who is heavily in debt to court, there are two distinct stages to expect. First, there’ll be a court judgment to quantify the total amount of money the individual owes the creditor. The next stage will be the creditor seeking a judgement against the debtor for the amount owed.…
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Owning a home is the epitome of the American Dream. Having a piece of property in your name can be the best feeling but also the worst once you realize the financial obligation that comes along with it. Unless you have a few hundred thousand dollars laying around, you most likely took out a loan…
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We put so much emphasis on credit being important that few think of it as a game. However, being strategic about managing your credit is paramount and can feel like a sport at times. Numerous people are surprised to find out that they could be actually damaging their credit by paying their credit cards off…
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Many people think that bankruptcy is the best option for them when facing a seemingly unconquerable financial problem. However, filing for personal bankruptcy comes with a number of disadvantages. It is important to take these disadvantages into consideration and pursue alternative methods of debt relief that may be more beneficial for you specifically. Impaired Credit…
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Every year, most people anxiously await their tax refund. This is because many get a sizable amount of money back from the government, usually averaging around $2,744. It’s essential to use a tax refund wisely. Here are ten smart ways to put your tax refund to good use. Pay Off Existing Debt Credit card debt…
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A creditor can be awarded a favorable judgment if they sue you and win. The judgment orders you to pay a specified amount to the creditor, but sometimes they can get aggressive with their collection efforts. The creditor can bring forth a Citation to Discover Assets and require you to reappear in court. This time…
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Most Americans look forward to receiving their tax refund each year. They might have big plans for spending that money, such as putting a down payment on a car, making repairs to their home or taking a dream vacation. However, individuals who struggle with debt issues often worry about the security of their tax return.…
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. Heather Weis | Benveniste Law Offices Call us 847-849-1163