Debt Relief Agency

THE LAW OFFICE OF KIMBERLY S. SWEENEY PLLC

Jackson Office: 769-823-3733   Gulfport Office: 228-901-2420

debtfree@sweeneylawoffice.net

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    Mortgage debt forgiveness-taxable income?

    Mortgage debt forgiveness-taxable income?

    The Mortgage Forgiveness Debt Relief Act became federal law in 2007. It allowed taxpayers to avoid income taxes on unpaid mortgage debt, including debt reduced through short sale, mortgage modification or foreclosure. The original Act had been extended through 2016, but it is unclear whether a Trump presidency or Republican-controlled Congress will seek to extend this homeowner protection. Today, U.S. Senator Debbie Stabenow (D-MI) introduced a bi-partisan bill to extend the
    Bankruptcy is not the end.

    Bankruptcy is not the end.

    The option of Bankruptcy should be used as an investment in your future, not just to erase the past. Shopping around for the cheapest way to file may cost you more throughout your filing and after the bankruptcy has run its course. If creditors are not listed, you can still owe those debts. You can actually recover relief from creditors that are listed and contact you while you are in bankruptcy. There are several ways that a bankruptcy can work for you from increasing your c

    THE LAW OFFICE OF KIMBERLY S. SWEENEY PLLC

    Jackson Office: 769-823-3733           Gulfport Office: 228-901-2420

    360 Comet Drive, F2                          2501 14th Street, Ste 208

    Jackson, MS 39206                             Gulfport, MS 39501

    debtfree@sweeneylawoffice.net

    Corporate Office

    296 Beauvoir Road

    Suite 100-365

    Biloxi, MS 39531

    Phone Number: 228-901-2420

    Fax Number :228-901-2421