credit-score

Bankruptcy and your credit.

Concerns over one’s credit profile is an FAQ for us from persons considering their Bankruptcy options.

Below is a link to an article from About.com that provides a very good overview for these questions.

If more is needed please let us know.

Have an excellent July 4th weekend.

Best,
Ron

http://credit.about.com/od/bankruptcy/qt/How-Much-Will-Bankruptcy-Hurt-Your-Credit-Score.htm

90079672

Dear Clients and Friends,

In this message we are addressing frequent areas of inquiry regarding past due tax obligations.

Some key recommendations are:

1.  File timely even if you do not have some or all of your tax payments to hand.You are not unique if you have not filed for multiple years – and perhaps do not even have good records for doing so at this time.   Something can be done about this problem and it can be life changing for one to just commence a handling of this area of one’s life.   No statutes of limitations run, no bankruptcy discharge options are available nor are possible payment plans or debt compromised settlements with the IRS available until one files accurate (i.e. not fraudulent) tax returns.

Gershwin_in_1936

George Gershwin 101

Israeli musicologist, Dr Astrith Balstan, provides in under 5 minutes a delightful introduction to perhaps America’s greatest composer, George Gershwin.  It is a recommended watch – of course.

We always advise that you stay un-serious in a contest – legal or otherwise – to optimize your chances for success. Having videos of this nature regularly in your life is an important part of doing that.

Click the video below.

Best,
Ron

irs-audit-red-flags-the-dirty-dozen

IRS has new woes – but they’re still your foes.

Dear Clients and Friends,

The below link is to a recent AP article on the current status of the IRS.

http://hosted.ap.org/dynamic/stories/U/US_TAX_ENFORCEMENT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-04-13-11-22-52

Yes, there is “good news” for taxpayers because the IRS is having problems with budget cuts, congressional investigations and with its new Obama-care responsibilities.  Each of these factors reduce the odds of one being audited.

In spite of this – and in view of the fact that I was a former IRS attorney – we recommend against complacency and increasing levels of non-compliance.

erasingdebt

Deciding on a Bankruptcy

Dear Clients and Friends,

A liquidating, Chapter 7, Bankruptcy comprises the vast majority of Bankruptcy filings.

Deciding on such a filing should not be based solely on one’s need to get rid of ones bills. That is too often done and too short sighted to get one what they really need and want – which is a “Fresh start”.

Two simple rules we recommend one follow in deciding on a Chapter 7 filing are:

1. Decide to file, or not, based on the greater good for you and yours.  And

smile

On Optimism

Here are a few good words from a few good people.
Workable stuff here – here’s to it being of some help.

Optimism is the madness of insisting that all is well when we are miserable.
-Voltaire

You must not under any pretense allow your mind to dwell on any thought that is not positive, constructive, optimistic, kind.
-Emmet Fox

I find that moving keeps me optimistic, the idea of what’s going to be down the road a bit or around the Bend.
-Conor Oberst

Bankruptcy-and-Divorce

Divorce and Bankruptcy

The life challenge of a Bankruptcy or a Divorce will, each on their own, generate an all too memorable life experience for most anyone. Add to this having these events occur together (an all too common phenomenon) and the need for maximum damage-control skyrockets.

The good news is that recovering your life is a realistic option and that ideally starts with you and your spouse getting into a new level of commonality regarding the confronting and handling of these challenges.

space station

Any interest in the International Space Station?

Commander Sunny Williams in the below video tour of the now 16 year orbiting Space station is a worthy watch for you and yours.

Do give it a look.

http://www.youtube.com/embed/doN4t5NKW-k

community-property

Community Property Basics

In its essence, community property law recognizes the equal contribution of both parties to a marriage even though one or the other may earn more income.

Having been on both sides of this idea for more than a few decades, I do endorse its fairness.  This is especially so because the law does allow for a husband and wife to enter into a Pre-marital, or a Post marital, agreement that there will be no community property when conditions are such that this format is not fair.

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Restoring access to Justice in California?

Dear Clients and Friends,

On September 4, 2013 I notified you all a Justice Crises in our California Court system.  It was noted that this was primarily occurring because for the last 3 years hefty budget cuts have been decimating our court system, and I made the following suggestion:

In spite of this justice crisis the rules remain, the laws remain, legal confrontations continue and whether you are on your own or working with an attorney you need to, more than ever, focus on effective and efficient resolutions of your legal problems versus  ”seeking full justice” in the Courts.