How to Avoid IRS Penalties with Bankruptcy

How to Avoid IRS Penalties with Bankruptcy When an individual becomes overwhelmed with debt and has an abundance of federal taxes that were not paid and are past due, a way to be relieved from these IRS obligations is to declare bankruptcy. Those who have past due taxes will be hassled by the IRS and receive fees based upon how late their tax filing is. They will become even more unable to pay their federal taxes than they were before this. Filing for bankruptcy is not the only way to free someone from federal tax debt, but it is one of...

01 October

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7 Questions to Ask When You’re Searching for a Law Firm To Represent You

Posted by nviadmin

in Bankruptcy, Business Law

7 Questions to Ask When You’re Searching for a Law Firm To Represent You Being in legal trouble is never any easy. It’s likely going to take a lot of time out of your day, and it could result in you losing out on money, or, even worse, going to prison. As afforded to you by the constitution, you do have the right to represent yourself in a court of law. However, this is taking a big risk and you may not be ready for all that an opposing lawyer may be bringing at you. Therefore, it’s likely that you are...

03 July

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Is Bankruptcy Scriptual?

Posted by nviadmin

in Bankruptcy

Is Bankruptcy Scriptural? What Does The Bible Say? Many Christians feel guilty about seeking to file for bankruptcy protection. They feel guilty because they ran up debts on their credit cards and now are unable to pay back the money to their creditors. Some Christians feel bad that their creditors will not be paid. Others have heard that the Bible condemns bankruptcy. Yet before we begin, it is important for us to define what is meant by the term “bankruptcy”, then we can critically examine what Bible tells us. In the United States of America, our founding fathers recognized the importance of bankruptcy....

17 December

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Debt Forgiveness

Posted by nviadmin

in Bankruptcy, Business Law

Debt Forgiveness Under U.S Jenkins Law Firm Bankruptcy contemplates the “forgiveness” of debt. The Bible, likewise, contains debt forgiveness laws. Under U.S. law, a debtor may only receive a discharge of debts in a Chapter 7 bankruptcy once every eight (8) years. Under Biblical law, the release of debts came at the end of seven (7) years. “At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother,...