Portrait Of Smiling Multi-Generation Family Standing Outside Home Together Misconceptions about bankruptcy abound in America, which is a great shame because it prevents many people from getting the debt-relief help that they so desperately need.One of the many misconceptions about bankruptcy is that your property will be seized to help pay off your debts, and...Read More

Having lenders forgive debt can be a godsend for those who are unable to pay their bills; however, depending on when this debt forgiveness occurs, borrowers may find themselves having to deal with some negative consequences when it comes to paying taxes. Also referred to as “cancellation of debt” (COD), debt forgiveness can translate into...Read More