Filing for Chapter 7 bankruptcy can be very bad for your credit because it remains on your credit score for 10 years. Even if it is on your credit history for 10 years, the impact of the bankruptcy will diminish over time. However, if you're concerned about the impact of bankruptcy on your credit, Chapter 13 bankruptcy will only remain on your credit history for 7 years and will not have much of an impact on your credit.
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If you are entitled to an inheritance because you recently lost a parent or another loved one who might have wanted to leave you money and assets, then you might need to hire an estate litigation attorney. These are some of the reasons why it's often a good idea to hire an estate litigation attorney to help with your inheritance.
You Don't Have to Have a Problem to Hire a Lawyer
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Life can feel arduous when you're overwhelmed by debt. This can feel especially burdensome if you have not made your mortgage payments for a long time. In such a case, you might experience sleepless nights worrying that your debtor might acquire your house and leave your family homeless. Nonetheless, declaring bankruptcy can be your lifeline because it may stop a potential foreclosure and provide you with an easier, more manageable way of repaying your mortgage debt.
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When you settle your workers' compensation claim, the insurance company may ask you if you want a lump sum settlement or a structured payment. The structured payment will pay you your benefits over time, while the lump sum settlement will be one payment of money. While receiving a large sum of money at one time may seem to be the right thing to do, there are some disadvantages you must consider.
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It's always in your best interests to remain on good terms with the IRS. Unfortunately, many taxpayers find that they end up in trouble with the IRS at some point in their lives. There are numerous mistakes to avoid if you have issues with the IRS so that you can resolve the issues as soon as possible.
The following are six common mistakes to avoid when you're having issues with the IRS.
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