by James Kridel | Jun 4, 2020 | Kridel Blog
The most common bankruptcy filed is that of a Chapter 7, a liquidation for individuals or businesses which is designed to eliminate all debts. In exchange, your assets are liquidated, subject to certain exemptions, which allow you to retain certain assets. Secured...
by James Kridel | Jun 4, 2020 | Kridel Blog
The Bank Secrecy Act of 1970 (BSA) was enacted to prevent white collar crimes such as money laundering, tax evasion, or other financial crimes. The BSA requires financial institutions, such as banks, credit unions, and other depository institutions, to assist...
by James Kridel | Jun 4, 2020 | Kridel Blog
When filing for bankruptcy, one of the questions often asked is whether or not tax debt is dischargeable. The long and short of it is yes and no. Yes, some tax debt is dischargeable, as long as certain requirements are met. And no, most tax debt cannot be discharged....
by James Kridel | Jun 4, 2020 | Kridel Blog
In New Jersey, if your loved one passes without a Will, there will be no legal remedy for which to honor his or her wishes regarding their estate. However, this does not necessarily mean you are out of luck. There is a certain procedure as to how a fiduciary...
by James Kridel | Jun 4, 2020 | Kridel Blog
WHAT IS A TRUST? Very simply put, a trust is a device that allows your contemplated beneficiaries to skip the Court process of probate, as to the assets that you wish to have them receive directly. This saves time and money with respect to Court and attorney fees, and...
by James Kridel | Jun 4, 2020 | Kridel Blog
“The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” -Will Rogers Taxes have been the talk and fascination of many politicians, comedians, actors, business people, and other individuals of every economic...
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