Bankruptcy Options

Bankruptcy Can Be The Beginning of Your Financial Restoration!
If you are contemplating filing for bankruptcy to wipe out tax debt, interest and penalties, have a professional thoroughly review your situation prior to filing. In some cases, filing for bankruptcy will leave you with the clean slate necessary to start over. If you don’t qualify to eliminate tax debt through bankruptcy, however, you may find that when all is said and done, you still have a massive tax liability left to deal with.

As you may be aware, there are different types of bankruptcy that you can file for. Each one has a different purpose, outcome, and long-term effect. Determining which type of bankruptcy will be the best for your situation (if any) demands a close examination of your financial situation, assets, debts, and history from every angle. The opportunity of a second chance that bankruptcy offers could be just what you need, but you need to make sure that you have the best chance of success and nothing comes back to haunt you.

Contact us for pre-bankruptcy counseling to help you determine if bankruptcy is the best answer for you.

Before Filing for Bankruptcy, let us review your options with you.

Let Us Help:

Quick Contact

The Basics of Filing an IRS Personal Tax Return Extension

Filing a tax extension with the IRS is a great way to get some extra time for filing your personal taxes. It is important to understand that an extension does not in any way delay payments owed for taxes, however it will give you some additional time to gather the...

Simplifying Tax Reform for Small Businesses

The new tax reform laws are complex and can be difficult to understand. For small business owners, this means navigating a complicated system of filing taxes that has likely changed from previous years. To make sure your business is up to date with the latest tax...

Overcome Your Tax Fears with Confidence

Taxes can be daunting, especially when it seems like the rules and regulations are constantly changing. Even if you’re a seasoned tax filer, it’s likely that each year brings changes that can leave you feeling overwhelmed and unmotivated to tackle your taxes. But...

What is Cash Flow Management?

Cash flow management is an important part of any business, and it’s essential to understand how to properly manage your cash flow. Cash flow is the process of tracking money coming in and out of your business, and it’s necessary to keep track of all financial...

What You Need to Know About 1099-K Payment Cards and Third-Party Network Transactions

If you receive a 1099-K form this year, it’s important to know what this is and why you’re receiving it. Although these forms are nothing new, many people have never heard of them and receiving one may spark some confusion or concern. You’re not getting it by mistake,...

2022 is Coming to an End and Changes Are Ahead.

With a new year comes new changes, new tax laws, and new ways to protect your assets. As this year closes, it’s important to understand what changes are coming in the new year and how you can protect your financial future. Changes from Elections At the November 8th...

How BFG Tax Help Can Assist Beyond Tax Season

Tax season can be a stressful and worrisome time for many people, especially if you own a business. However, there is a lot outside of tax season that you have to worry about. At BFG Tax Help, we strive to ensure your best possible financial outcome year-round. We...

Did You Receive a Letter from the Unclaimed Property Division?

Some businesses are beginning to receive letters from the Unclaimed Property Division of the Texas Comptroller of Public Accounts. These letters are being sent out in batched with no clear methodology as far as which businesses will receive their letter, or when they...

How Can I Ensure Financial Success for My Small Business?

Whether you’re starting a new business, or your small business is already established, it’s important to ensure that you are doing all that you can to protect the financial future of that business. At BFG Tax Help, we understand that every business is unique and...

What is a Tax Professional and Do I Need One?

At BFG Tax Help, we are tax professionals that provide a variety of solutions for your individual and business needs in Richardson, Texas. If you’ve never needed a tax professional, then you may not know what they do or if you may need one. Tax Professional as Defined...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

Contact Us

Quick Contact