Helping With Your Financial Future

Month: August 2023

Be aware of these common debt settlement scam tactics

On Behalf of The Law Office of Judith A. Descalso | Aug 17, 2023 | Chapter 7 Bankruptcy

If you are like many others in California, you struggle with debt. If you have trouble paying even after taking a variety of measures, you might be a good candidate for debt settlement. When considering this option, it’s crucial to be aware of these common scams....

Do you owe taxes on your canceled debt?

On Behalf of The Law Office of Judith A. Descalso | Aug 7, 2023 | Bankruptcy Exemptions

In California, when you have certain types of debt canceled, such as through bankruptcy, you are no longer obligated to repay the money to your creditor. However, this can come with a catch. Sometimes, you may have to pay taxes on the forgiven debt. The following...