Struggling with tax debt? Bankruptcy can help. It’s not uncommon to see bankruptcy self-help websites state that taxes aren’t discharged in bankruptcy, but this is simply not the case. The truth is that only some types of taxes aren’t discharged in bankruptcy, while the rest are: “Trust Fund” taxes – these are payroll taxes that […]
About Todd Mosley
This author has yet to write their bio.Meanwhile lets just say that we are proud Todd Mosley contributed a whooping 11 entries.
Entries by Todd Mosley
Are you struggling with the choice to file bankruptcy? However you got into debt, you may be struggling with the question, “Is bankruptcy right for me?” Most of the clients I meet in my Asheville bankruptcy law firm came to the realization that they were trapped with the amount of debt they had and needed […]
The basics of debt settlement The formula for debt settlement is simple: hire a debt settlement company, stop paying your creditors, save up funds to use for settlement, then make offers with your creditors for pennies on the dollar. It sounds like a great alternative because it keeps you out of bankruptcy, but beware of the […]
If you are behind on your mortgage and facing foreclosure, bankruptcy may offer you relief. For most filers, the instant your bankruptcy case is filed, the automatic stay goes in to effect. Once your creditors are notified about your case, foreclosures and other collection activities by your creditors are halted. Filing Chapter 7 bankruptcy can […]
When a client comes to me seeking help to file bankruptcy, many times they have tried something else first. Whatever they tried didn’t work. It was also time, money, and headache that could have been avoided. Sometimes there are strategic reasons to wait to file bankruptcy. But usually, the sooner you file bankruptcy, the sooner […]
When you file bankruptcy, your exemptions determine what property you get to keep. There are federal exemptions and state-law exemptions. The exemptions you use depends on where you have lived for the past two years prior to filing bankruptcy and whether that state requires you to use its exemptions or permits you to use the […]
Odds are that you qualify for at least one of the bankruptcy chapters. Very few things will actually disqualify you from filing bankruptcy: If you have been in a bankruptcy in the past six months and your case was dismissed under limited circumstances If you failed to take an approved pre-bankruptcy credit counseling course within […]
You made responsible choices and contributed to a retirement account, and now that nest egg has grown significantly. Don’t worry about losing your retirement savings in bankruptcy, because it’s exempt. Under North Carolina exemptions, all IRS qualified retirement accounts (employer pensions, 401(k)’s, Traditional IRA’s, Roth IRA, etc.) can’t be touched by the bankruptcy court. If […]
I was sued on a credit card debt, I didn’t contest the lawsuit and the creditor obtained a judgment. Now they have judgment lien against my home. Is it too late to file for bankruptcy relief? For most bankruptcy filers, the answer is “No!” But if you can, don’t wait until a creditor obtains a […]
The strain of student loan debt is felt by many these days as the nation’s student loan debt total exceeds a trillion dollars – more than the nation’s credit card debt. Many wonder whether student loans debt can be eliminated or reduced through bankruptcy. Lenders typically have little risk of losing money on loans because […]
Mosley Law Firm, P.C.
Mosley Law Firm, P.C. is dedicated to helping individuals in Western North Carolina solve financial problems.
Have questions? I've got answers. Contact me to get started.