Tax Debt Could Affect Your Ability to Travel in 2018

Tax Debt Could Affect Your Ability to Travel in 2018

Tax debt is a tough obstacle to overcome, and the Internal Revenue Service is reminding individuals who are “seriously delinquent” in their tax debt that it could affect your ability to travel in 2018. The law that requires the IRS to notify the State Department of serious delinquent tax debt in order to deny issuing  … Read more

  Filed under: Taxes


Senate Bill Proposes Bankruptcy Changes for Companies

Senate Bill Proposes Bankruptcy Changes for Companies

Lawmakers in the United States Senate have introduced a bill that proposes bankruptcy changes for companies that are incorporated in Delaware or New York this week. Texas Senator John Cornyn (R., Texas) and Elizabeth Warren (D. Mass.) introduced the bill this week that requires companies seeking to reorganize their finances, file bankruptcy closer to their  … Read more

  Filed under: News


Texas Bankruptcy Watch: The Brass Tap Inc. Filed Chapter 7

Texas Bankruptcy Watch: The Brass Tap Inc. Filed Chapter 7

San Antonio, Texas will have one less eatery and watering hole this week as The Brass Tap closes its doors. Graystone Group Inc. that operates the restaurant and bar, file for Chapter 7 bankruptcy protection with the U.S. Bankruptcy Court. After more than four years of business, the company has closed its operations as of  … Read more

  Filed under: News


Can I Get a Second Job in Chapter 13 Bankruptcy?

Can I Get a Second Job in Chapter 13 Bankruptcy?

When you filed for Chapter 13 bankruptcy protection, you are required to file out a number of forms known as “schedules” that give the bankruptcy court and the bankruptcy trustee assigned to your case a thorough understanding of your assets and liabilities, property you own, unexpired contracts and leases, your income, and your expenses, among  … Read more

  Filed under: Chapter 13


More US Department Stores Likely to Declare Bankruptcy

More US Department Stores Likely to Declare Bankruptcy

There’s no doubt that retail stores in the United States took a financial beating this year. In all, there were 21, high profile retailers that filed for Chapter 11 bankruptcy protection, including very big brands such as Toys R Us, Vitamin World, Hhgreegg, The Limited, and Gander Mountain. Some have even called the string of  … Read more

  Filed under: News


Congress Introduces Payday Lending Legislation

Congress Introduces Payday Lending Legislation

In October of 2017, the Consumer Financial Protection Bureau leveed new rules on the payday loan industry, requiring these quick cash establishments to check a borrower’s ability to pay back the money before getting access to cash. At the time, the CFPB’s actions were expecting opposition from industry lobbyist and lawmakers alike, and this week  … Read more

  Filed under: News