One-Stop Online Source for the New Bankruptcy Law
Chicago, IL (ContentDesk) October 6, 2005 -- Start Fresh Today, Inc. is the first and only complete solution on the market.
Using a secure link on the Internet, they provide the tools attorneys need for the Bankruptcy Abuse Prevention and Consumer Protection Act, taking effect October 17, 2005.
The platform includes the Means Test, Credit Counseling Briefing, Due Diligence, and Debtor Education.
With the ease and convenience of the Web, attorneys can register and use the Means Test free of charge.
If clients use the Credit Counseling Briefing, Educational Course, or Due Diligence portions, then a fee will be assessed.
Discount packaging will also be available to keep the costs down for attorneys and clients. The key concept is the critical balance between complete compliance and keeping client costs at a reasonable level, states Kevin Chern, president of Start Fresh Today, Inc.
With Start Fresh Today, all documentation is stored in one central location.
Bankruptcy clients can login from their homes, the attorneys office, or any location that has an Internet connection.
The service also includes automated alerts, trustee electronic document delivery, and bankruptcy petition integration. This comprehensive package provides attorneys the most cost-effective and efficient method for serving their clients.Heres how the process works: after consulting with a bankruptcy attorney, consumers interact with a web-based counseling session that collects and analyzes their budget, debt, and financial situation.
Certified credit counselors are a toll-free call away to help with the process.
The goal is to provide clients with the knowledge needed to properly evaluate their current situation and make the bankruptcy process easier. About Start Fresh Today, Inc.:Start Fresh Today was created by bankruptcy lawyers for bankruptcy lawyers to help them navigate through the obstacles created by the Bankruptcy Abuse Prevention and Consumer Protection Act.
We offer a robust set of resources to help attorneys learn about the Bankruptcy Reform Act and other related laws, obtain documents, visit other useful websites, and find ways to embrace technology to practice bankruptcy law profitably and efficiently. Note to editor: Kevin Chern, Esq. Available for interviews as well as other industry experts..
How To Fix Your Credit Report
Your credit report is your passport to obtaining loans, renting apartments, and getting employment and promotions. Any errors in your report and you will end up paying a higher premium on your insurance or a higher interest rate for loans.
Let's say the negative errors are there and you did not even realize it. Once you wake up to the fact, it is important that you fix them. If you feel the errors are inaccurate, then immediately submit your complaint in writing to any of the three CRAs: Equifax, Experian or Trans Union. These companies will then investigate with the information provider companies, and if the information is genuinely found to be inaccurate, they will delete the same from your report and also provide you with a copy of the same.
Keep in mind that the investigation usually takes up to 30 days.
It is important to submit your complaint in writing. Also, you must submit a copy of the complaint to the information provider company. Keeping a...
Bankruptcy > How To Fix Your Credit Report
Debt Settlement & Income Taxes -- What You Need to Know
Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining balance is forgiven. This technique will certainly continue to grow in popularity now that the new bankruptcy law makes it tougher to fully discharge debts in a Chapter 7 bankruptcy.
As with anything, there is no free lunch, and creditors are required to report canceled debts to the IRS on Form 1099 (when the canceled balance is $600 or greater). Therefore, the possibility exists that you may owe taxes on the forgiven portion of the debt. For this reason, many financial writers and debt counselors are strongly critical of debt settlement, to the point where they actually recommend against it just because you might end up owing taxes.
But the tax consequences of settling your debts are greatly over-emphasized, and this...
Debt Settlement & Income Taxes -- What You Need to Know
Bankruptcy > Debt Settlement & Income Taxes -- What You Need to Know
Are You a Candidate for Bankruptcy?
Bankruptcy laws give debtors a way to resolve debt by dividing their assets among their various creditors and in some cases will allow debtors to be freed of outstanding debts that cannot be paid, even after the division of assets. For individuals who find themselves unable to pay their debts, bankruptcy can be a viable option. As a debtor, you are entitled to file for bankruptcy. There have been recent changes to bankruptcy laws that may affect your ability to discharge your debts without credit counseling, but individuals who have found themselves unable to pay their debts can still file bankruptcy and be freed of outstanding debts. Chapter 7 bankruptcy is normally used by individuals wanting to rid themselves of all accumulated debt, and is the most frequently used method of filing bankruptcy.
Businesses who wish to completely liquidate assets and close permanently can also file Chapter 7 bankruptcy. Under Chapter 7, individuals are allowed to keep certain property such as...
Are You a Candidate for Bankruptcy?
Bankruptcy > Are You a Candidate for Bankruptcy?
United States Bankruptcy Judge James G. Mixon Refers Man to U.S. Attorney for Criminal Charges for Perjury Because he Testified that he Forgot an Income Tax Refund
(ContentDesk) September 2, 2005 -- U.S. Bankruptcy Judge James G. Mixon has referred a man to U.S. Attorney for criminal charges for perjury because he testified that he forgot an income tax refund. U.S.
Attorney alleges that depositing tax refund is laundering money. Wife has been threatened with charges of money laundering for depositing lawful income tax refund and asked to plea bargain on charge of misprision of felon.Stephen and Barbara Griffin of Arkansas (Case No. 5:2-bk-70245M, filed in the United States Bankruptcy Court for the Western District of Arkansas, Fort Smith Division) have been encouraged to plea bargain rather than go before a jury of their peers. On February 17, 2005, Assistant U.S. Attorney Steven Snyder sent correspondence to Stephen Griffin alleging that U.S.
Bankruptcy Judge Mixon referred Stephen Griffin for criminal charges of perjury and money laundering.On August 30, 2004, the newspaper, Times Record, of Fort Smith, Arkansas, reported that Stephen...
United States Bankruptcy Judge James G. Mixon Refers Man to U.S. Attorney for Criminal Charges for Perjury Because he Testified that he Forgot an Income Tax Refund
Bankruptcy > United States Bankruptcy Judge James G. Mixon Refers Man to U.S. Attorney for Criminal Charges for Perjury Because he Testified that he Forgot an Income Tax Refund
Bankruptcy
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