By C. Todd Marks | Published August 23, 2013 | Posted in Foreclosure Defense | Tagged Tags: foreclosure defense, income tax, mortgage forgiveness | Leave a comment
The Effects of Foreclosure on Your Taxes
Most of the time an increase in your tax bill reflects an increase in your income. Perhaps you earned a big raise or a bonus or even won the lottery. The tax bite may take some joy out of your celebration but you certainly come out ahead. Foreclosure of your home, on the other hand, Read More
Read MoreWhat is a Deed in Lieu?
Did someone tell you a deed in lieu might be a good option for your situation? And you responded that you would consider it — all the while thinking, “In lieu of what?” The quick answer is: in lieu of foreclosure. And a deed in lieu is, in fact, a quick answer to the problem Read More
Read MoreMost Common Ways to End or Reduce Alimony
After years of paying alimony to an ex-spouse, you may be wondering how long it will last or if there is a way to at least reduce the amount you pay. In Florida, there are many types of alimony or spousal maintenance including temporary, permanent, bridge the gap, rehabilitative and durational. Depending on the type Read More
Read MoreFlorida Auto Accident Statistics
Car accidents occur every day ¾ and most are the result of negligence. Actions such as tailgating, unsafe lane changing and speeding gain little for the offending driver but endanger the lives of everyone on the road. What you may not realize is that driving is likely the most dangerous behavior you engage in on Read More
Read MoreReasons to Choose Chapter 11
Running a small business can be an exciting endeavor. However, it can also be risky, especially given today’s uncertain economic climate. One way for businesses to handle debt and continue to operate is by declaring Chapter 11 bankruptcy. Most people are familiar with Chapter 7 or liquidation bankruptcy, but what is Chapter 11 and is Read More
Read MoreAre There Alternatives to Bankruptcy?
When debt adds up, knowing where to turn isn’t always easy. For many people seeking relief from debt, bankruptcy sometimes appears to be the only option. However, depending on your circumstances, other options may be better suited for you. For example, you may want to consider some of these bankruptcy alternatives: Negotiate with creditors: One Read More
Read MoreWhat is the Difference Between Contested and Uncontested Divorce?
What is the Difference Between Contested and Uncontested Divorce? Is your marriage on the verge of ending? Are you and your spouse discussing divorce? If so, you may want to take a moment to understand the difference between contested and uncontested divorce. While the majority of married couples seeking to part ways do so through Read More
Read MoreMisconceptions About Car Accident Cases in Florida
Between the Internet and other sources of media, there is a lot of information floating around about car accidents and personal injury law. However, while some of this information may be harmless, or even accurate, a great deal of it is exaggerated, or worse yet, completely untrue. That is why proceeding with a car accident Read More
Read MoreLaws on Lane splitting, Helmets and Lane Sharing in Florida
The state of Florida has some exceptional roads for motorcycle enthusiasts. Yet whether you are new to riding or a seasoned biker, you should take a moment to understand the laws about how to ride safely and lawfully. Below is information on some motorcycle laws in Florida: Lane splitting: If you don’t own a motorcycle Read More
Read MoreWhat are the Pros and Cons of Filing Chapter 7?
Given the current economy, it’s no wonder why so many people are asking this question. If you are facing an overwhelming amount of debt, Chapter 7 may be right for you. However, understanding Chapter 7 can be difficult. Following are some of the pros and cons of filing for Chapter 7: Pros Fresh start: Depending Read More
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