Are you considering filing for bankruptcy protection in the new year? Even if you're still undecided about this big step, the moves you make beforehand can have a big impact on your success or failure. How? Here are a few things to keep in mind.
1. Avoid Credit Card Fraud
Bankruptcy fraud — whether accidental or intentional — can scupper your bankruptcy case. The judge may also deem the associated debt non-dischargeable.
Federal tax liability is one of those things that you can't avoid no matter how hard you try. In fact, any attempt to do so could ultimately lead to legal trouble with the Internal Revenue Service. Whether you've missed one year's filing or many, it's important that you get those returns filed as soon as possible. Here are a few of the things that you need to know about past-due and missing tax returns.