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The Reality of Covid-19 is Setting In

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The Full Effect of Covid-19 is Beginning to Hit For the past year, many Floridians have either shifted to work-from-home positions or have lost their jobs completely. While these jobs have not made a full comeback, evictions and repossessions have. This has created an unbalanced scale for many; and masses of households are starting to feel the full effect of what the pandemic has done to our local and national economies.  While some households have managed to survive on a mixture unemployment and credit card debt, many are finding that the debt is starting to add up. Based on my consumer law experience, it becomes more difficult to deal with creditors once people get so far behind; the higher the mountain grows, the harder it is to climb.  We, and many other firms, are predicting a wave of bankruptcies once the reality fully sets in. It is important to remember that filing for bankruptcy is not free. Our firm keeps the process as affordable as we can, however there is no way to avoid c
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How to Manage Your 2021 Finances - From an Attorney

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  The Best Way to Manage Your 2021 Finances From a Bankruptcy Attorney After being a Bankruptcy Attorney for over 22 years, I have seen countless financial situations, each unique in their own way. Still, I have been able to advise my clients well using the following general "rules": Be honest with yourself Most people aren't aware of how they are doing financially until they sit down and evaluate them impartially. This often involves looking at your bank statements to see how much money you have coming in, and exactly where it goes. If you see large amounts of spending at fancy restaurants, shopping plazas, or the like - it's time to evaluate if this is sustainable for you and your goals in the long-run.  Work Smarter, Not Harder Most of the time, it's better to have 2 lines of credit at 25% or less of their limits, rather than 1 line at 50%. This is not advisement to open a lot of credit accounts, but rather a way to view your finances and/or debts from a differ
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Upcoming Changes to Your Taxes

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 How Will the New Administration Affect My Taxes?     Many Americans are wondering how the Biden-Harris administration will be affecting their taxes in the coming years. According to multiple media outlets, the following alterations can be expected: Income Tax The most  significant difference for income tax will be for individuals making over $400,000 annually; the tax rate will be increased from 37% to 39.6%, and these incomes may be subject to a 12.4% Social Security tax - to be split evenly between employees and employers.  Corporate  Tax The Tax Cuts and Jobs Act reduced corporate tax from 35% to 21%, while Biden does not intend on raising it to its prior level, it is set to increase to 28%. Capital Gains Tax It is also expected that tax capital gains will be taxed at the same rate as households for those earning over $1 million. The current system allows for long-term capital gains to be taxed at a lower rate - 23.8%. 401(k) There is a proposal to change the way retirement savings
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What to Expect from 2021 Bankruptcies

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 Chapter 7   Bankruptcy: from 2020 - 2021 Despite a record year for jobs lost in 2020, Chapter 7 bankruptcies were 30% lower than they were in 2019. Although this had many economists puzzled, the explanation is becoming more clear. As a Professor at Harvard's School of Business predicts, many households found their savings at an all-time-low and could not afford the court filing fees that comes with filing for bankruptcy.  With my experience as a bankruptcy attorney for over 22 years, this is very worrisome. When people are overwhelmed by debts and bills, they will often try their best to make payments, even if it means consolidating most of their income for this use. However, in many cases, this is still not enough and they will find themselves in even more debt than they were before.  At the end of the day, bankruptcy is a financial planning tool that is available to the public to help them out of these difficult situations. In many cases, it is more effective to use the extra f
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What Can I do about my Credit Card Debt?

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  Stressed about Credit Card Debt? Credit card debt is easy to collect but difficult to get rid of, especially in challenging times. Many credit card companies can make you feel like you don't have options, but The Tancredo Law Firm seeks to help you better understand and take advantage of your consumer rights.  Harassment : If you are currently being harassed by a credit card company, we can bring this kind of contact to a halt; this is one of the main complaints our clients tend to have.  Debt Amount : Believe it or not, our attorney can reduce the debt amount in particular circumstances by negotiating on your behalf.  We have helped hundreds of clients with debt over the past 20 years, and make the process smooth and easy to understand. Contact our office for a free consultation to see how we can get you your fresh start. 
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Your Options for IRS Liens or Back-Owed Taxes

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Benjamin Franklin once said that the only 2 things we are guaranteed in life are death  and taxes . While the statement seems gloomy, it has held true over the centuries, even in the most uncertain times of 2020.  The Internal Revenue Service, or IRS, can be intimidating to many people, but not for The Tancredo Law Firm. In fact, we  may have  several solutions to this problem that will provide you relief.     It is time to stop the worry and the stress that comes when you see the IRS letters and take back your life. The IRS offers several programs that can help resolve your tax issue.   These programs may remove the tax lien, stop the accumulation of penalty and interest, provide an affordable monthly payment, and bring financial peace to your life. I have been working with individuals for more than 20 years addressing these financial issues and  I am here to help you.   Call my office today at (813) 659-3612 and we will schedule an in-office or virtual appointment to get your t
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The Solution to Student Loans

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 If you have accrued significant student loans debt, you are not alone. In fact, there is approximately $1.5 trillion in federal student loan debt as of 2019 and many people find themselves stressed out with little viable options on how to pay the loans off.  However, it is not always as difficult or unreasonable as lenders make it seem. When you hire an attorney to help resolve these difficulties, there are various outcomes that can occur.  The Tancredo Law Firm helps clients negotiate student loan amounts and helps to implement a more reasonable payment plan for applicable situations. As a consumer you have rights, even if you don't know about them yet. A brief consultation with our attorney can help establish where you stand and the best course of action to help get you where you want to be.  Education should not cause unnecessary stress; but if it is, our firm can help you. 
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