Month: March 2017

CAUTION: Tax Refund

The temptation to use your tax refund to get that one creditor that is hounding you off of your back is understandable. However, if that does not solve your entire debt crisis, you may be wasting those funds. Paying off a single creditor would be like diverting the first boulder of an avalanche.  If you pay a single creditor more than $600 in the 90 days prior to filing a bankruptcy, that is considered a preferential transfer. Many people do this with that tax refund trying to make things better. But, the trustee can seize it and then neither that ...
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Predictable Litigation Results

The results from litigating always fall into one of two outcomes: either one party wins and the other loses or both parties lose. This is because litigation is an adversarial process where parties seek to beat one another. And, both parties may lose if neither gets the entire outcome they wanted. There is always a loser in litigation. The only possibility for an outcome where both parties win is when they mediate the issues. In mediation, there is no possibility of both parties losing, or of only one party winning. They either both win by reaching an agreement or they ...
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