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Bankruptcy Need to Know

by Roy D Cole on May. 05, 2017

Bankruptcy & Debt Bankruptcy Bankruptcy & Debt  Collection Bankruptcy & Debt  Credit & Debt 

Summary: Things you need to know about filing a bankruptcy

As a part of every bankruptcy you lose your tax refund for a year at least in the chapter 7. The best advice I can give you is don't make the mistake of over withholding on your paycheck. Many people rely erroneously on a big refund every year as if it is a savings account.

The reality is you can do more every month with more money in your pocket than the government can and worst of all you are loaning them money interest free! I would rather have clients not have about a tax refund! I would rather have a client owe the IRS $100 then get back $10,000 that they could've used during the year.
Bankruptcy has nothing to do with your value as a human being, your value is based on those who love you and value you as a part of their life.

Famous People who filed bankruptcy:

1871 - Phineas Taylor Barnum (Barnum and

Bailey’s Circus)

1991 - Johnny Unitas (famous quarterback)

1872 - Mathew Brady (famous photographer)

1992 - Debbie Reynolds (famous actress)

1875 - Henry John Heinz (Heinz catsup developer)

1992 - Wayne Newton (famous singer)

1884 - Henry Ford (automobile manufacturer)

1993 - Kim Basinger (famous actress)

1892 - Milton Snavely Hershey (Hershey chocolate)

1996 - Burt Reynolds (famous actor)

1894 - Mark Twain (famous writer)

1996 - MC Hammer (famous singer)

1962 - Mickey Rooney (famous actor)

1999 - Sherman Hemsley (George Jefferson on the hit 1970s TV show)

1988 - Jerry Lee Lewis (famous singer)

2000 - Marjorie Margolies Mezvinsky (U.S. House of Representatives)

and don't forget President Donald Trump!

What I need from you to File Bankruptcy: 1. 6 months of paycheck stubs in order if you are employed.

2. 2 months of bank account statements that verify the income provided on the paycheck stubs, or social security and pension deposits, etc.

3. If you own real property: your most recent tax record.

4.  The Most Recent Copies of any bills you have in your possession

5.  Copies of any lawsuits, foreclosures, judgments, liens or garnishments filed within the past two (2) years.

6. State and Federal Income tax returns for the past two (2) years. 7. The Fee is $1250.00 all must be paid prior to filing. That includes the filing fee of $335.00, your credit report, and both classes. Call Me today for a free consultation!!!

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