Tag Archives: lawyer

Debt Forgiveness, Form 1099-C and Bankruptcy; You May Have Options to Legally Avoid Tax

Persons who are able to negotiate debts and have them forgiven or reduced are often surprised to find that the IRS considers forgiveness of debt to be income and therefore taxable. Where the amount cancelled is $600 or more the … Continue reading

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Don’t Delay if You Think a Bankrutpcy May Be Necessary

As a bankruptcy lawyer, for almost 20 years now, I can tell when people do need to file and when they may not need to file for bankruptcy. Communicating the need to file bankruptcy is however, a challenge. This is … Continue reading

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A Survey of Debt Collector Lies and Bankruptcy in Colorado

A Survey of Debt Collector Lies and Bankruptcy in Colorado 1. “Once we get a judgement, it’s too late for bankruptcy” Not true, bankruptcy does get rid of debts even if the creditor has a judgement. In some cases a … Continue reading

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