BIILC asked:


After the marriage I also must set up a payment plan with the IRS for back 941 tax's. Is there any way this can effect my fiance? Do I need to wait for the discharge or is it ok to be married as long as I have filed?
I am not filing business, only personal per my attorney. Can any business creditors or the IRS go after my fiance or hurt her credit after we are married?

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Nokimoto asked:


Besides the obvious credit damage for number of years, what are some of the other damaging consequences of a bankruptcy filing that no one would know unless they have filed themselves?

I have read just about anything that i can get my hands on on bankruptcy but i wanted to know from people whom have actually gone thru the process themselves.

basically need to know which i should file 7, 11, or 13 and why?

I have a very ailing business, should i file personal or business bankruptcy?

can i keep my house which is upside down in loans?

basic do's and don'ts, before and after the filing. for instance:

I haven't filed my taxes for 2008 yet, should i file for my taxes before or after filing for bankruptcy?

i want to refinance my house first mortgage, should i refinance before or after bankruptcy?

I am about to get a job, should i start before or after bankruptcy?

thank you in advance

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Lana asked:


As a result of a bad business venture, my husband's credit is tarnished and he has about $25,000 in unsecured debt. However, all his debts are personal and my credit is fine. Am I required to file with him?

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Steve B asked:


I am filing Chapter 7. My personal account does not show much activity. My business account shows sales of roughly 20,000 monthly however when I pay off the company that finances my inventory ( I do not own my inventory) It shows a profit of around $2000 per month. Even though my profit is below the median income, will the large deposits arouse suspision on the part of the court. The large deposits are followed by large payments to that company that owns my inventory.

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chauntecleer asked:


Last year I finally achieved a positive net worth for the first time in my adult life (I'm 34). I am not prolifigate or materialistic but due to some unavoidable personal circumstances I've spent the last 8 years paying off almost $200K in unsecured debt. This is SUCH a relief and I have to give myself credit for being disciplined about paying it off. But here's my dilemma.

I am self-employed and made some good money last year but I feel like I ought to have more saved up at the end of the year. I keep track of every single thing I spend money on, business and personal, literally to the penny. So I know what I've spent money on and how much. But while I can see how I ended up with the amount I have, I just can't shake the feeling that I should have saved more.

What I'm wondering is maybe I have cockeyed ideas as to how much I should have saved? ie, maybe I'm being too hard on myself or having unrealistic expectations.

So what I'd like to know is how much does a "normal" person save in a year? ie, not super cheap, not spending crazy, making enough money for thier expenses that they don't have to lay awake at night worrying about paying the rent (been there, done that).

I'm looking for whatever you think, ie a percentage, an actual amount, etc. I don't need advice so much as to re-calibrate my expectations.

thanks very much!

Andrew

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Lorindellia L asked:


Hi there,
I am a talented divorcee and I need a job. I can't afford to work for minimum wage and mathematical shortcomings are all that is keeping me from my degree (I have flunked remedial math 4 times and can't take my science courses to obtain my degree without a passing math grade) I have 167 college credits with a 3.45 gpa if you subtract the math courses from my overall GPA.

I have owned my own jewelry store, been an assistant manager of a pawn shop, been a private investigator, and am the only NAIS certified adoption search specialist in the entire country. I have worked as a Karaoke DJ in bars and private parties but my karaoke gear is not working presently and I can't afford the repairs being unemployed.

I have also written computer game reviews for Amiga world and Computer Gaming World magazines.

I served as the president of the Abington Downs homeowners association in Madison, Alabama and was on the Architechural control Comittee.

I have no resume because most of my experience is self employment.

I really need to find a high paying job or entry level at about $35-40K in order to make my bills.

Below is an example of what i have come up with for a resume, I think it stinks, I need help. Please offer suggestions.
I can't move I live in San Diego.

Leah
XX Caminito St.
San Diego, Ca. 92XXX
858-XXX-XXXX home
858-XXX-XXXX cell

Objective: To land an entry level job at Yahoo! Near or from my home in San Diego, Ca.
Summary: This is not your standard resume, and I am not your standard future employee.
I would make an excellent choice in a position at Yahoo! because after years of real life experience I know it is all about the bottom line and results, and experience has taught me how to achieve this goal. My college GPA stands at about 3.45 however in addition to having a good education, at the age of 43 I have a lot of real life experience that other younger entry level candidates can’t match. Education is important, but many things can’t be taught in a book. Furthermore, as my former mother-in-law once said of me I am, “Honest to a fault”. Honesty and dependability are very important to me. I know a company like Yahoo! values these traits too. I have had a thriving web based business in the late ‘90’s focusing on the Tiger Electronics interactive toy “Furby” which promoted this toy and generated thousands of dollars in revenue on click through commissions alone. I am high energy and enjoy the spotlight. I have worked as a professional disc jockey and karaoke entertainer for 12 years, I was also a licensed private investigator and taught beading classes and jewelry craft in my own boutique in Madison, Alabama. I have been to fourteen countries both for business and pleasure. I have also been a relief worker in the Honduras. All this while raising a family of four children. These things make me a great choice for any entry level position.
Most of my experience stems from self employment or volunteer work. Again, unlike your average candidate, I can’t list dates employed here or there, because being a Mom and a wife came first when I was married. I have not punched a clock since I left the US Navy in 1987. I have been working on my BA sporadically, as money permits, and also working on repairing my credit post divorce induced bankruptcy. Please do not judge me on my credit report; it is not a fair representation of my credit-worthiness. Much of the red is still pending litigation with my former spouse and as much as I wish I could pay all the joint debt we held, I can’t.
I would like the opportunity to sit down and discuss a position at Yahoo! in an interview. I am sure that once Yahoo! sees that I am a fast learner, outgoing and LOVE people, Yahoo! will know I am the right choice for a position.
I am hoping to earn at least 35 – 40K in my first year, but do not want to place a 40K limit upon myself… I require at least 20K and would need health benefits and retirement.
I hope to hear from you soon.

Sincerely,
Leah XX
858-XXX-XXXX

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kittycat asked:


John McCain, exactly like George Walker Bush, and George H.W. Bush, insists that tax relief is the only way to help Americans afford many of lifes expenses, such as health insurance. If I am right, in order to qualify for tax relief, a citizen MUST first have large amounts of money available, to PAY full price, out of their own pocket, for coverage. AFTER the citizen pays this money out, receipts are, then, attached to tax returns. The government then decides if, and how much, to allow a citizens taxes to be reduced, based upon type of policy, and how much tax is owed. But, how does this help the 150 million sub-poverty level American workers, who have seen wages plummett, from $30.00+ per hour, with industrial employers, such as Caterpillar, down to $5.00 per hour, at businesses such as Walmart, and McDonalds? These "jobs" pay such low, sub-poverty level, wages that citizens have NO tax liability. How can tax relief help those who have no tax debt? How can 150 million citizens be expected to pay out of pocket, for insurance premiums, when these people must rely on government assistance, to meet rent, and utilities, while using food stamps for meals? I wish John McCain would address THIS, in the debates. Dont you????

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Steve C asked:


I paid a tax debt firm $5000 to settle my tax debt, its going on a year and nothing was done and i have had about $6800 in levies and am now having wages attached. they were to try a hard-ship relief of debt, offer in compramise, and then another resolution. But nothing has been done, in fact they failed to file and save these levies as promissed. what can i do, can i recover the $5000

2 years prior to this last year i paid the tax professionals $2000 to help me, and they did nothing, i believe they filed BK - are out of business, can I claim the loss, recover it, and lastly can anything be done?

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hayley.randall asked:


This is a really long story, but I'll try to keep it short. My father had a business, and in the year of 2004 he owed $25,000 in taxes, which he never paid. My mom has always worked as a nurse, and didn't have any say over my dad's finances. They divorced in 2005, so legally my mom is responsible for this debt too. This year the IRS has started sending her notices for the money due. My dad has ignored all of his mail from the IRS because he's a loser. My mom wrote them a long letter explaining her situation a couple of months ago and never got a response. Well, this week she got a Final Notice of Intent to Levy and Notice of Right to a Hearing. It doesn't say what property they want to levy.

My questions to you are: What would they levy from her? $25,000 is a relatively small debt, especially split between two people. Is it possible they would take our house? With this economy, my mom owes more than it's worth. In the (hopefully unlikely) event that they would take our house, what happens then? Do they come while you're at work and empty the house, and basically throw you out on the street? We have two dogs that are our babies, so I'm stressed that they'd take them away to a holding area or something.

Sorry for the long post, but if you could kindly let me know what we are up against. This is really stressing me out because it effects me too, not just my parents. By the way, my mom is going to file for Inncocent Spouse Relief this week. I'm hoping she has a case.

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Blu858 asked:


issues
1.) extremely heartbroken going on 6 months. Ist love ended badly, can't stop thinking about her and the good moments. Maybe just recently finaly gave up hope of reconcilation.(she has had no contact w/me in all this time.
2.) went ahead with a 4 months notice to quit my job which happened 2 day's after final break w/ex. Started new business in this emotinal trauma. The business is pretty much over and I need to find something else, as in career- which would be challanging under any conditions but in my state now- I'm having a very hard time.
3.) in debt for the first time- and things are getting worse.

I know I need to get busy but am feeling paralyzed w/ no relief. I get a little relief w/exercise but am so drained most of the time it's really hard to get going. I'm at the point were I avoid social sitations and the inevitable 'how are you doing?' as I am to real to BS my way out of those situations. Also I know I'm a big bummer right now.
Plz don't suggest meds. Thx
Thanks so much for the help guys!
I do feel better and it's awesome to be reminded of the good, caring people out there!

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