Planning for the future can be a daunting task, but one thing is certain: it is essential. Thinking about what will happen to your hard-earned assets after you are gone can feel overwhelming. This is where estate planning tools like trusts and wills come into play. Choosing between a trust and a … [Read more...]
If I file for Chapter 7 Bankruptcy, could I lose my house?
Filing for bankruptcy can be a significant and complex decision, impacting various aspects of your financial life, including your home. Many people wonder if they could lose their house when they contemplate filing for bankruptcy. As an attorney specializing in bankruptcy law at Warren & … [Read more...]
What Does a Chapter 7 Discharge Mean for Your Finances?
When facing overwhelming debt, Chapter 7 bankruptcy can feel like a lifeline. But before taking this important step, you may have a burning question: What does a Chapter 7 discharge mean? In essence, it's the court's official declaration that you're no longer legally obligated to repay certain debts … [Read more...]
What to Do if Facing a UHG I LLC Lawsuit in Texas
If UHG I, LLC, is suing you for debt, you might feel overwhelmed or question if it’s a scam. UHG I, LLC, is not a creditor or lender, but a debt buyer that purchases charged-off debts for a fraction of their value. It then seeks to recover the full amount—and more—from consumers. It’s important to … [Read more...]
Don’t Let the Clock Run Out: Maximizing the Estate Tax and Lifetime Gifts Exemption | Warren & Migliaccio
Tax Relief and the Uncertain Fate of the Estate Tax and Lifetime Gifts Exemption In 2017, the Tax Cuts and Jobs Act (Tax Act) introduced various forms of tax relief, including a significant increase in the Estate Tax and Lifetime Gifts Exemption (Exemption). However, these tax cuts are set to expire … [Read more...]
Record High U.S. Credit Card Debt Hits $1.14 Trillion Amid Rising Costs and Interest Rates | Warren & Migliaccio
Record Credit Card Debt Hits $1.14 Trillion According to data released on Tuesday by the Federal Reserve Bank of New York, U.S. credit card debt has surged to an unprecedented $1.14 trillion. This marks an increase of $27 billion from the $1.13 trillion reported in the second quarter of … [Read more...]
Can I Keep My Paid Off Car in Chapter 7?
“Ever since I lost my business during the pandemic and feared I’d be going down this bankruptcy road, the one thing, of all things, I was worried about was some creditor coming for my car,” Dale told his friend Ernie. “I get it, there’s something about a man’s car that makes it more important than … [Read more...]
Billy Ray and Firerose Cyrus’s Marriage Officially Over | Warren & Migliaccio
Billy Ray and Firerose Cyrus's marriage has ended, three months after the country singer filed for divorce from his Australian wife, citing 'irreconcilable differences.' After a bitter and public breakup, during which both accused each other of verbal and emotional abuse, court documents signed … [Read more...]
China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings | Warren & Migliaccio
Subsidiaries to Undergo Bankruptcy and Reorganization On Monday, China Evergrande's electric vehicle division reported that a Chinese court has mandated the bankruptcy and reorganization of two of its subsidiaries. This announcement led to a significant drop in the EV group's shares, which fell by … [Read more...]
How Much Debt Do I Have to Repay When I File for Chapter 13 Bankruptcy?
When you're facing overwhelming debt, the prospect of filing for bankruptcy can seem like a daunting decision. However, understanding how Chapter 13 bankruptcy works—and how much debt you'll actually have to repay—can provide some clarity and relief. As an attorney with years of experience guiding … [Read more...]
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