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Form 1099-OID online Palm Bay Florida: What You Should Know

BANKRUPTCY IN PALM BEACH Bankruptcy in Palm Beach County is an important step as soon as possible in your finances, so prepare diligently! The process for bankruptcy in Palm Beach County is simplified compared to the process if you are filing in Miami. There are also some important things to consider when filing in Palm Beach County including: 1. When you file in Palm Beach County : Your bankruptcy case will be filed in the Bankruptcy Court of Palm Beach County located at: · 4100 SW Ocean Blvd., · Suite 500/301 FCC Building 1 • 5500 N. Military Trail · Palm Beach, FL 33 The amount you can afford to pay your debts, which may include legal fees and expenses, will determine the amount you will be asked to hand in to the court. Also known as a “preemptive strike.” 2. Paying your debt: Your attorney may want you to pay all of your debt in full. This means they will get the entire amount before the court can go to the creditors and claim anything more from you. In most cases, you will have to hand over less to your attorney during bankruptcy, so if you want to do that, then pay all of your debts up front! If you are still trying to pay debts that are past due, you may want to contact the Chapter 7 Trustee for help and help you get through this process. They will help both you and the debtors get your finances back on track. 3. Filing your bankruptcy : The deadline for filing your bankruptcy is May 16, 2018. Your bankruptcy will remain in effect for six months, so if there is an event that requires you to withdraw the bankruptcy, you should wait until April 2023 to do so to make sure that you are not filing a bankruptcy two years from now. Filing your bankruptcy can be simple and quick. All it takes is filling out the required bankruptcy forms and paying your required filing fee. 4. Taking care of all of your records: You will be required to file all of your records from the prior year on Line 5 of the 1040 form (i.e. your pay stubs, the income tax forms, bank records, etc…) on Form 1040, “Prospective Bankruptcy Income Tax Return”.

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