Bankruptcy Options

Bankruptcy Can Be The Beginning of Your Financial Restoration!

If you are contemplating filing for bankruptcy to wipe out tax debt, interest and penalties, have a professional thoroughly review your situation prior to filing.

In some cases, filing for bankruptcy will leave you with the clean slate necessary to start over. If you don’t qualify to eliminate tax debt through bankruptcy, however, you may find that when all is said and done, you still have a massive tax liability left to deal with.

As you may be aware, there are different types of bankruptcy that you can file for. Each one has a different purpose, outcome, and long-term effect. Determining which type of bankruptcy will be the best for your situation (if any) demands a close examination of your financial situation, assets, debts, and history from every angle. The opportunity of a second chance that bankruptcy offers could be just what you need, but you need to make sure that you have the best chance of success and nothing comes back to haunt you.

Before filing for bankruptcy, let us review your options with you.

Contact us for pre-bankruptcy counseling to help you determine if bankruptcy is the best answer for you.

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Practicing Thankfulness in Your Mobile, AL Business

Does your Mobile, AL family sit around the table at Thanksgiving dinner and share something they’re thankful for?I’ve been at those holiday meals many a time. I appreciate the intent, and will admit it’s usually effective in getting me to feel more grateful, but I do...
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Year-End Business Reporting for Growth

End-of-year can be a bit of a scramble as a business owner. So, before we get into holiday craziness, a friendly reminder: year-end is also your prime Mobile, ALopportunity to make the calendar work in your favor as a business.From year-end profitability analysis...
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Partnership Income Tax Returns & More Mobile, AL IRS Targets

Though the days are getting shorter and the weather is taking a turn, there are some great revenue reasons to get excited about the next two months.As we round the bend into Black Friday territory (which for many began at the end of October), it’s time to get nimble...
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Non-filing Isn’t a Good Option for Mobile, AL Taxpayers

The events of 2020 were both a reprieve for Pensacola, FL taxpayers (like you) and a nightmare for tax pros (like me). And the complications of that year and the one following created a backlog for the IRS. That’s one of the reasons they shut off the reminder notices...
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Are Mobile, AL Consumers Exhausted by Tip Screens?

You might remember this little story from last year when an ex-IRS contractor pleaded guilty to leaking President Trump’s private taxpayer information along with many other wealthy individuals. It brought the IRS’s ability to secure taxpayer data into question...
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Accommodating State Sales Tax Changes in Your Mobile, AL Business

Loading the dishwasher is a daily job in most households. And, to get clean dishes and not melt your plastic to-go containers, you’ll need to arrange things well. And, according to Consumer reports, there actually is a right way to load yours. While doing...
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John Willis’s Tips to Avert Financial Crisis

I gotta say, every time I hear a new disaster being reported on the news, I am struck by how different my daily existence is from the devastation I see in the photos in my feed.I must confess to feeling some "disaster fatigue" setting in.It’s hard to see hard things...
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Prioritizing Cyber Network Security in Your Mobile, AL Business

A few things are grabbing my attention this week. The first being that the tax extension deadline has passed. That’s a big relief for my office, and perhaps for yours too. I’m continuing to avidly watch, as I’m sure you are too, the unfolding events in Gaza....
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A PTO Payout Policy Checklist for Mobile, AL Business Owners

This weekend’s news coverage and social media scroll were dominated by reports of the awful things happening in Israel right now. It’s pretty difficult to swallow the images of violence and abuse being perpetrated by Hamas. And no matter how many times you hear about...
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Willis’s Taxpayer Bill of Rights Breakdown

This is the week when tax filing mess-ups hit the fan again. The tax extension deadline on Monday, October 16 will still see Mobile, AL people not filing (even though they did file an extension request and get approved). And in preparing things, it will reveal bigger...
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Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!