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Five Tax Tips For Two Cents

By Cathy Moran

tax tips

The tax filing deadline approaches. So why is a bankruptcy lawyer talking about taxes? I’ve found over three decades as a bankruptcy lawyer that there’s a surprising degree of overlap between bankruptcy and tax . All too often, it’s tax troubles that brings a family to me for help. Here’s my two cents on what […]

Filed Under: Consumer Rights, Taxes Tagged With: 2017, cancellation of debt tax, tax

Tax Form 1099 Needs A Closer Look: Chances Are It’s Wrong

By Bill Purdy

tax form 1099

  Tax attorney Bill Purdy says:  don’t take IRS form 1099 at face value. Hundreds of thousands of taxpayers at this moment are looking at, or thinking about, Form 1099-A or Form 1099-C documents they have received. Some arrived in the tax year a debt was allegedly cancelled. Others are issued by financial instructions many […]

Filed Under: Featured, Taxes Tagged With: 2019, cancellation of debt tax, tax form 1099

Long Term Tax Savings When You File Bankruptcy Rather Than Settle Debts

By Cathy Moran

tax bite

Settle your debts outside of bankruptcy and you may be bitten by taxes you didn’t expect years later. Everyone I talk to would rather cut a deal with their creditors than file bankruptcy.  It’s universal. But here’s the killer reason why bankruptcy alone protects homeowners from a unexpected  tax consequence down the road. Debt forgiven […]

Filed Under: Considering Bankruptcy, Featured, Taxes Tagged With: 2018, cancellation of debt tax

Coronavirus & Your Finances

About The Soapbox

You've arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said "try").

Here, I allow myself to tell stories and express strong opinions on how I think law should work for the consumer and small businesses when it comes to debt.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

How Bankruptcy Works

High Income Earners Pass Bankruptcy’s Means Test

ALERT:   Being above the median income on the means test is not an automatic bar to filing bankruptcy I'm so used to railing against deliberate campaigns of misinformation about bankruptcy that I forget that there's a lot of innocent ignorance out there. Start with "qualifying" for bankruptcy. A very … Read more

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