Author archive: aaadivbk

SPOUSAL SUPPORT 2019 TAX MODIFICATIONS

Spousal Support: 2019 Tax Modification New law goes into effect January 1, 2019, which will change the spousal support dramatically. Current law allows the obligated payer to deductions on his/her federal tax filing and taxable to the recipients, thereby reporting the support on their federal tax filing. The new law allows the recipients to no…

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WHAT IS BANKRUPTCY

Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. Bankruptcy laws were written to give people whose finances collapsed, a chance…

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When Should I File Bankruptcy

VERY GOOD QUESTION, OFTEN ASKED BY OUR CLIENTS There is no “perfect” time, but there is a good rule of thumb to keep in mind when you’re asking yourself the question: should I file for bankruptcy?? If it is going to take more than five years for you to pay off all your debts, it…

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Who Can Declare Bankruptcy

The individuals and business who file for bankruptcy have far more debts than money to cover them and don’t see that changing anytime soon. In 2015, bankruptcy filers owed $113 billion and had assets of $77 billion, most of that being real estate holdings, whose real value is debatable. There has to be a light…

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What Happens to your Retirement Money If you File Chapter or Chapter 13?

What Happens to Your Retirement Money if You File Chapter 7 or Chapter 13? By Melissa Phipps Updated June 27, 2016 I found this article posted by Melissa Phipps, which I thought it would be good reading to share on our site. Whether you are saving for retirement or already retired, debt can put your savings…

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Changes Directly Affecting Family Law

Tax Spousal Support/Alimony Changes Directly Affecting Family Law I was sent this article from Jeremy Salvador, which I thought it would be nice to share on our site. The bill, called the “Tax Cuts and Jobs Act,” will certainly be subject to many changes prior to the House acting on it over the next several…

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When days get shorter so do consumers’ budgets, report says

The end of daylight saving time causes consumers to spend less at the expense of retailers. The transition may be bad for business, but researchers don’t know how long lasting the effects are. Shoppers can expect to spend less this month, because it gets darker earlier. So, as daylight saving time ends, waving goodbye to…

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DIFFICULT ECONOMY

DIFFICULT ECONOMY In the last few years our economy has taken on dramatic change across the country. The Banking industry, housing and auto makers have all had to downsize, restructure and forced many to close their doors permanently. Corporations and small businesses have been long standing pillars within our communities have faltered and failed, bringing…

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CONSUMER WATCHDOG

With good news scarce, we have two important victories to celebrate. Thanks to the “rage for justice” in our community, a Northern California beach closed off by a billionaire tech baron has been opened to the public. And a fossil fuel-powered electric plant in Ventura is slated for the trash heap. Looking at an $11,000…

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NEW Convenient Online Divorce Sacramento

DIVORCE BY INTERNET Our office is excited to announce we are now offering a Convenient Uncontested Online Divorce at a lower price. This service is an additional service that we are offering to our clients. This service shall be by email only. Our office will walk you through the procedure step by step. Our office…

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