Bankruptcy

| Bankruptcy

Bankruptcy: A Second Chance at
Financial Freedom

Ignoring debt can lead to financial instability.

Our aim is to protect your assets and income at all costs! Bankruptcies are designed to provide relief and protect those experiencing financial hardship. That’s what we are committed to obtain. Let our team guide you through every step of the process, from filing your petition to achieving financial freedom.

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What is Bankruptcy?

Bankruptcy is a legal process designed to help individuals and businesses overcome severe financial difficulties. It allows for the liquidation of assets to pay debts or the creation of a repayment plan under court supervision.

How stressful can this situation be?

Unmanageable Debt Loads: Struggling under the weight of debts that simply can’t be paid with current financial resources.
Aggressive Creditor Actions: Facing constant pressure and legal actions from creditors demanding payment.
Threat to Financial Stability: Risking the total collapse of personal or business financial stability without intervention.
Need for a Fresh Start: The overwhelming need to reset financially and begin anew with a clean slate.

Break free from your debt by implementing effective and efficient legal protection. My Tax Problem Solved is here with you to provide expert solutions. Get in touch now!

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Your Financial Safety is backed by My Tax Problem Solved!

Karla Navarro, with her 20+ years of accounting experience and a specialized focus in tax representation for the past five years, can help you with bankruptcy. She leads an expert team dedicated to bankruptcy solutions, offering a suite of services designed for your financial reset:

Guided Resolution – Expert guidance through every step of the bankruptcy process.
Full Compliance – Adherence to all legal standards, ensuring a smooth and compliant bankruptcy filing.
Financial Rebirth – A fresh financial start, with protection for your assets and peace of mind for your future.
Asset Shield – Safeguarding your valuable assets from liquidation whenever possible.
Debt Defense – Strategic negotiations to minimize debt obligations and protect your financial health.
Credit Restoration – Advice and planning for rebuilding your credit score post-bankruptcy for a solid financial foundation.
Future Fortification – Planning and support to secure your financial future against potential setbacks.

How Can We Assist You with Bankruptcy?

Step 2: File Written Protest
If you disagree with the IRS’s determination, you must file a formal written protest within the deadline, usually 30 days. Clearly state your reasons and include any supporting evidence or legal arguments.
Step 4: Settlement Discussions
During the Appeals process, you can discuss the case with the Officer, share more information, and try to negotiate a settlement agreement that resolves the dispute.

Step 1: Receive IRS Notice
The process starts when you get a notice from the IRS proposing additional taxes, penalties, or denying your refund claim. This notice explains the IRS’s position and gives a deadline to respond.
Step 3: Appeals Conference
Your case moves to the IRS Office of Appeals. An appeals officer is assigned to review it impartially. You’ll likely have an Appeals Conference to present your side, either in-person, by phone, or through correspondence.
Step 5: Appeals Decision
If no settlement is reached, the Appeals Officer issues a final determination. If you still disagree, you can petition the U.S. Tax Court or file a lawsuit in District Court.

My Tax Problem Solved Makes Your Financial Recovery Seamless

Bankruptcy Filing: Tailored Filing Strategies

Reduce your load with a customized bankruptcy filing strategy created by Karla Navarro, leveraging more than 20+ years of her experience.

Asset Protection Icon: Asset Assurance

Protect what’s yours. Secure your assets and understand your exemptions with a detailed, strategic plan.

Credit Rebuilding Icon: Credit Rebuilding Blueprint

Map out your financial comeback. Receive expert advice for gradually restoring your credit score post-bankruptcy.

Bankruptcy isn’t the end. It’s a new beginning. Our dedication is to guide individuals and businesses through their toughest financial challenges toward a brighter, more stable future.

Karla Navarro, EA, CTRC

Founder & CEO

FAQs

Why do so many people end up filing for bankruptcy?

When life throws financial curveballs like job losses or unexpected medical expenses, bankruptcy can be a tool to reset your finances. Solutions are at hand, and that’s where My Tax Problem Solved steps in to offer guidance and support.

How long will a bankruptcy stay on my credit report?
A Chapter 7 bankruptcy remains on your credit report for 10 years, and Chapter 13 for 7 years. Recovering your credit score is a journey we can assist with at My Tax Problem Solved, providing steps to rebuild sooner.

Can filing for bankruptcy discharge student loan debt?
Discharging student loans through bankruptcy is tough, but not impossible. You must prove that paying the loan causes undue hardship. Our team at “My Tax Problem Solved” can review your situation to determine if this approach might work for you.

Are child support and alimony affected by bankruptcy?
Child support and alimony obligations remain in place even when you file for bankruptcy. At “My Tax Problem Solved,” we ensure that you understand how bankruptcy affects these commitments and help you maintain them during the process.

What property can I keep after filing for Chapter 7 bankruptcy?
State laws often protect certain property from creditors, and “My Tax Problem Solved” can help you understand which of your assets may be exempt, ensuring you keep as much as possible.

What are the different types of bankruptcy available in the United States?

In the U.S., bankruptcy is typically filed under three main chapters: Chapter 7, which liquidates your assets to pay debts; Chapter 11, which allows companies or individuals to reorganize their obligations; and Chapter 13, which creates a plan for you to repay debts with more manageable terms.

Don’t take our Word!

Hear from those we helped

Kevin C.

From my first meeting with Karla, I could already tell she was an expert and very knowledgeable in her field. She also laid out clearly what the process of working with her would look like, which put me at ease and made me comfortable that I’d be in good hands with someone who was experienced and organized. She was always super friendly and responsive, and helpful in answering any questions I had.It was a pleasure working with Karla and I look forward to doing so in the years to come. Thank you Karla!!

Heather O.

Karla was absolutely amazing! We had a huge list of issues for her to tackle, and Karla worked tirelessly until our books were totally perfect. Her expertise in law practice accounting is unparalleled and she was able to explain everything in a way that made complete sense. Whenever I had questions (and I had A LOT), she answered them thoroughly and quickly. Karla was such a pleasure to work with and I cannot recommend her highly enough!

Davis W.

Karla has been indispensable in helping me get organized in my most complicated tax year yet. I had been handling my own taxes up until this point due to bad experiences with tax preparers who outsourced my taxes in prior years. Karla took the time to consult with me on client-business fit and answered my many questions promptly with detailed explanations. I’m so excited to work with Karla going forward and am sleeping soundly at night knowing that I’m working with a true professional. Thank you, Karla!

Zach S.

Karla truly went above and beyond for us. She called the IRS and waited on hold not once but 5 times because of an unforseen issue we had involving paying our nanny’s taxes.

If you are looking someone who will see your taxes all the way through the finish line, no matter what, work with Karla.

Renato R

Karla was the best, very professional and extremely patient, thorough thorough my entire procedure. I highly recommend her services.

Bankruptcy: A Second Chance at Financial Freedom