Foreclosures, Repossessions and Cancellation of Non-Business Debt

Written by Glen R Allie, CPA and Partner at Del Principe and Allie The tax treatment of debt cancellation will vary depending on your situation.  The cancellation of debt may result in ordinary income, income from the sale of assets, or both.  However, there are exceptions and exclusion from the possibility that income will be […]

One size does not fit all… Is Bankruptcy right for you?

Written By: Attorney Joshua M. Liszt, Esq People from all walks of life are currently experiencing difficult economic times. This is no more prevalent than in Florida where the once over inflated housing market continues to decline and the economic outlook remains bleak. However, despite so many people dealing with similar economic troubles, there is […]

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