Life is stressful enough without having to live with persistent debt. Since most schools do not teach the options under bankruptcy, and most on the street do not adequately understand what is involved, you should seek experienced counsel when making such a consideration. This article is thus intended to provide you with ten circumstances under which you should consider using the power of the federal Bankruptcy Code. Here goes: 1) Threats of foreclosure or repossession: The primary purpose of filing bankruptcy is to protect your assets. If you have fallen behind on your mortgage, vehicle, or other payments, your… read more »
Financial Freedom for Family Farmers
It is not easy to be a farmer these days. As with any business, you are responsible for several tasks, whether you perform them or not. You are also ultimately responsible for dealing with matters over which you have little or no control. One wrong turn in any of these moving parts can upset the whole apple cart. While capitalism generally favors the stronger competitor, our society does not abandon those who can use a hand. Capital to pursue a business is available from several sources. Each source develops its lending criteria and generates loans within certain requirements. Such requirements… read more »
Real Estate Tax Sales in Pennsylvania
Each year, counties in Pennsylvania hold tax sales to pay unpaid real estate taxes. Generally held in September,[1] these sales are scheduled once the taxes are at least two years overdue. The real estate is sold to the highest bidder and the proceeds from the sale are applied to these taxes. The owner of the real estate loses all claims to the property and most counties do not provide for any redemption period. Although each county has its own procedures for taking care of these delinquent taxes, such arrangements are not always suitable for an owner. All is not lost,… read more »
BEWARE OF THE PENNSYLVANIA USE TAX
Imagine one day you are opening your business mail and you discover that your company owes thousands of dollars to the Pennsylvania Department of Revenue. You think back and you are sure that you filed all of your company’s tax returns and paid in full any balance owing. That is, of course, until you realize that the notice regards unpaid Pennsylvania use tax. A sibling to sales tax, the use tax levies a 6% tax upon purchasers of all applicable goods and services not taxed by the seller. Thus, while purchases made from out-of-state suppliers or over the internet may… read more »
