Take a Business Break: How to Manage Unmanageable Debt (Zoom)
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Description: Many people are deeply in debt and feel the despair of not knowing what to do or how to get some relief and their life back on track. Included will be handling overextended credit card debt, past due taxes, mortgages greater than your house’s value, defaulted payment agreements and tuition loans. Strategies will include settlements for less than what is owed, stretched out payment arrangements, principal deferments, Bankruptcy chapters 7, 11 and 13, IRS offers in compromise and how taxes can be avoided or reduced on income recognition from your cancelled debt, and how your credit reports are affected and how you can resurrect your credit rating.
Presenter: Edward Mendlowitz, CPA, is emeritus partner at WithumSmith+Brown, PC and is one of Accounting Today’s 100 Most Influential People. Ed is the author of 29 books and has written over 1500 articles and blogs and developed and presented over 350 speeches to accountants and general audiences. He is a licensed certified public accountant and is accredited by the American Institute of Certified Public Accountants (AICPA) in business valuation and as a personal financial specialist (PFS). He teaches courses on financial analysis and managerial accounting in the MBA program at Fairleigh Dickinson University.
This event will be held on the Zoom platform. Please make sure you have the application installed on your computer, iOS, or Android device.