Bankruptcy Basics by Phillip L. Lucas Life throws us many different curveballs and often at the most inopportune of times. A pitch that could be upon us with the suddenness of even the fastest thrown ball is that of bankruptcy. One moment you are standing upon the mound awaiting the pitch, keeping up with your payments, and next the ball has whizzed by you in the form of a sudden financial crisis. This can cause most of us to feel…
Life can have many ups and downs. Sometimes people may experience hardships caused by a decrease in income, possible medical crisis, car accident or a divorce which may create financial strain on the individual or family. Debt collectors try to collect money for their clients leaving debtors overwhelmed with a sense of guilt. Having financial problems may create other problems. It is important to know that there are options available to help pay down or discharge your debt. Bankruptcy is not…
Your time in this world is limited. Nobody likes thinking about the end, but being prepared for the event can make things a lot easier for your loved ones. Being unprepared for it can lead to years of confusion and arguments for your loved ones at the same time as they are dealing with the difficult event of losing someone dear to them. The basic step in preparing for the end of your life is to prepare a will. If…
It is important to take time from our busy schedules to decide on how are loved ones will be cared for in case something should happen. No matter how small your estate may be, estate planning allows you, while you are still living, to ensure that your property will go to the people you want, in the way you want, and when you want. It permits you to save as much as possible on taxes, court costs and attorneys\’ fees;…
In the United States, the limited liability company (LLC) is a fairly new concept in business organization. Though still not accepted in all states, it serves as a unique alternative to traditional legal and tax ways of doing business; like sole proprietorships, partnerships, and S corporations, the business profits and losses of an LLC are taxed at individuals’ income tax rates. You will avoid a corporation’s double taxation, where taxes are reported at a separate business level. Call our business…