Bankruptcy
Options That
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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.

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

Before Filing for Bankruptcy, let us review your options with you.

Ready to come in for an appointment?

Our schedule is very full…but if you call us at (816) 895-3141  or email us we’ll give you two options for coming in right away! We will NOT make dealing with a tax professional as painful as it’s been in the past!

Carlos Walker’s Insights on Good Debt Vs Bad Debt

Before I jump into outlining good debt vs bad debt for all those in South Kansas City trying to tackle their personal debt, let’s touch on some news from everyone’s not-so-favorite government agency. Late last week (Friday news dump?), ye olde Internal Revenue Service...

Carlos Walker’s Tax Scams 2021 Edition: The Big 12

Alright, South Kansas City readers, before we jump into the tax scams 2021 edition, let’s circle back on some info we posted about recently ... the IRS sent out a lot of moolah last week -- and, if you have children, you might have received some.Note: If you received...

The Latest Advance Child Tax Credit Payment Info for South Kansas City Parents

I normally don't send these special bulletins, but I wanted to get this to South Kansas City parents ASAP.You probably heard on the news that the IRS is sending out "advance payments" of $250 - $300 per month for children.The first advance child tax credit payments...

Being Financially Independent: Planning for the Future Starts Now

I'm going to stick with last week's theme on being financially independent because I got some nice feedback. Before I get there, a quick word about the IRS for our friends in South Kansas City...Per Kiplinger, as of June 25, the IRS had a backlog of 16.7 million...

Carlos Walker’s 4 Keys For How To Gain Financial Independence

In our digitally saturated age, it takes somebody with an iron will to not be impacted by the environment around us. There is a sense of impending doom among some of my South Kansas City clients, a weight of cultural fissure and confusion. More and more think pieces...

Ways South Kansas City Car Owners Can *Actually* Save on Car Insurance

Whether it's an annoying duck with a one-word vocabulary, or a refined gecko, or a personified mayhem, you've undoubtedly been bombarded by commercials from company after company trying to get you to switch auto insurance carriers.Have you shopped around for this...

Buying vs Renting in South Kansas City: A Few Considerations

The longest day of the year (Sunday the 20th) is next week, the official start of summer. We're taking our cues from the season and steadily working through extensions and year-round planning moves.AND we're also finding ourselves helping some South Kansas City people...

Understanding Your FICO Score by Carlos Walker

We're already a week into June, and our timing still feels askew because of the extended deadline ... but we're here, and we're still in your corner for all things tax and financial.In fact, I want to do a fairly deep dive on a very pertinent (to many) topic ... but...

4 Things South Kansas City Crypto Traders Need to Know About Cryptocurrency Taxation

Memorial Day weekend can sometimes feel a little ... jarring.Burgers, pools, picnics -- set against the solemn backdrop of remembrance for the sacrifice of so many thousands who have laid down their lives so we can have our freedoms.However, if you get the chance to...

Five Key Tax Filing Penalties South Kansas City Taxpayers Must Know

We're slowly unburying after the May 17th federal tax deadline (though for those in Texas, Oklahoma and Louisiana -- we're still going!).This tax season has been ... long.And I promise that I’ll soon take up non tax-related content. Goodness knows, I need a palate...