Willful Failure to Pay Taxes

Posted on October 10, 2018 - 7:30 pm by Tom Bunch

Federal law requires employers to withhold income, Social Security, and Medicare taxes from employee wages. When a company experiences financial distress, payments for these payroll or “trust fund” taxes may be temporarily postponed or deliberately ignored. It is important for any business owner to understand that willful failure to pay employee taxes can bring a […]

Debt Avalanche vs. Debt Snowball – Two Methods to Prioritize Debts

Posted on August 27, 2018 - 7:36 pm by Tom Bunch

If you are making minimum monthly payments on a mountain of debt, it may seem impossible to imagine a debt-free future. A debt reduction plan such as “debt avalanche” or “debt snowball” can help you pay down and eventually get rid of your financial obligations. These methods involve paying off creditors one at a time, […]

Beware These Warnings Signs of Financial Catastrophe

Posted on July 9, 2018 - 3:43 pm by Tom Bunch

Many people experience an occasional setback that impacts their bank balance. In fact, in today’s economy, it isn’t unusual to find yourself struggling to make ends meet. But, it is important to do all you can to avoid a financial meltdown — a scenario that can bring long-term consequences. The key to avoiding financial catastrophe […]

What Success Stories Tell Us About Getting out of Debt

Posted on May 21, 2018 - 6:50 pm by Tom Bunch

Falling into debt is one of the most overwhelming situations anyone can face. As the interest accumulates and the bills pile up, it’s easy to feel like there is no way out. However, debt doesn’t have to ruin your life. One of the best ways to figure out how to get out of debt is […]

You Have the Tools to Rebuild Your Credit

Posted on April 23, 2018 - 2:00 pm by Tom Bunch

Maybe you’re the type of person who obsesses over their credit score. Or maybe the mention of the term causes you to space out from boredom. Regardless of how much you care about your score, it exists, and it’s a key part of how you’re evaluated by financial institutions. You’ve likely heard about the impact […]

New Bankruptcy Bar Date Drops from 120 Days to 70 Days

Posted on April 10, 2018 - 2:08 pm by Tom Bunch

Dogged by numerous creditors? Unable to afford the lease payments on your business space? When the battle to remain solvent becomes too tough, an option of last resort for individuals and business owners is filing for bankruptcy. It can be a tough sell for many. We have it drilled into us that bankruptcy is a […]

Getting Your House in Order – How to Strengthen Your Credit Score

Posted on February 21, 2018 - 4:13 pm by Tom Bunch

If you have accumulated more debt than you can reasonably afford to pay, filing for bankruptcy is often the best option. When you file for bankruptcy, you are able to get out from under the debt and ensure a better financial future for yourself and your family. However, the bankruptcy will have a negative effect […]

Equifax Changes Policy on Credit Ratings After Bankruptcy

Posted on December 6, 2017 - 8:18 pm by Tom Bunch

Equifax has been in the news quite a bit as of late, but a recent change in their policy, unrelated to the recent data breach, may have a serious impact on the credit ratings of those who have filed for bankruptcy. By having a better understanding of this change and what it means for those […]

Estate Planning Can Make a Difference for Loved Ones

Posted on November 29, 2017 - 8:41 pm by Tom Bunch

In the view of some people, estate planning is easy — have an attorney draw up a will, leave what you want to whom you want, and hope for the best. However, there is far more to it than that. Through estate planning, you can achieve many goals. You can give to charity, make arrangements […]

Results are Uncertain for Credit Report Clean-Up

Posted on August 7, 2017 - 8:08 pm by Tom Bunch

Consumers with liens or civil judgments without proper identifying records got some relief July 1, when the three major credit bureaus — TransUnion, Experian and Equifax – purged their records of that information if it was incompletely filed or had not been updated in the last 90 days. Newer material that doesn’t meet the updated […]

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