Kira Botkin
When you think of bankruptcy, you probably think of Chapter 7 bankruptcy. It is sometimes referred to as a “straight bankruptcy” or a liquidation. Chapter 7 bankruptcy allows most debts to be entirely forgiven without entering into a payment plan.
Your non-exempt assets are “liquidated,” or sold off, in order to pay for at least a portion of your debt. After the proceeds are distributed to your creditors, the remainder of your dischargeable debt is forgiven.
Chapter 7 bankruptcy may be appropriate if you have significant debt you can’t currently pay and don’t foresee an ability to pay in the future. It is an extreme measure, but can offer a way out from an otherwise untenable situation.
If you’re handy with finances, you might have helped some of your family or friends do their taxes. Want to get paid for it? If you take the 
Over the years, many people have conjured up incredible arguments about why they shouldn’t have to pay taxes. Using convoluted arguments or ultra-specific, twisted-around readings of tax codes, they convince themselves that the tax laws are there to be ignored.
Buying a home can be a big step towards securing your financial future, but saving for the down payment can be very time-consuming.
If you have children at home who hope to go to college someday (or someday soon), it’s important to plan ahead financially. College tuition is increasing every year and financial aid is never as generous as one could hope.
Saving for your children’s college tuition might seem like an unavoidable necessity. Financial aid doesn’t help everyone, and with education expenses rising, 
On my first day at my first job out of college, I was given a big packet of information about my benefits, including health insurance and retirement. I’d read about the 401k beforehand, but my packet instead had information on a 403b retirement plan. I was confused – what is a 403b, what’s the difference, and why did I get a 403b instead of a 401k?
The government wants to help you save for retirement by giving you incentives like tax-deferred growth and deductible contributions through IRAs and work-sponsored plans.
There are many unfortunate effects of a divorce, as it tends to complicate every aspect of your everyday life. In addition to the many challenges it presents, you must work to untangle your financial situation, and following a complicated divorce, tax issues become even more complex than they already were.
If you’re lucky enough (and prepared enough) to retire early, you may run into a little snag when you try to withdraw money from your 
If you spent days poring over your tax return this year and mailed it in by the 
If you hate doing your own taxes, you’re not alone! More than 60% of Americans hire tax professionals to fill out those seemingly unending forms.
As everyone knows, you can deduct charitable contributions on your taxes. That’s why December is such a great month for charities, as everyone is in the holiday spirit and gets ready for tax season!
Whether you’re new to the world of investing, or you’re thinking of 
When your retirement accounts are growing, it’s great to see the numbers climb. But when you retire and start taking money out of your IRA and 401k, the taxes you owe can take a surprisingly big chunk out of your total. Hopefully you’re taking advantage of the tax breaks that come with contributing to most retirement accounts, but are you ready for the taxes and penalties that you’ll deal with when you retire?