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My Podcast Interview on TaxGirl- “Untold Truths and Basics of Bankruptcy”

April 14, 2021

I was privileged to be interviewed for this podcast by Kelly Erb, at tax lawyer out of Philadelphia whom I have never met but whom I have followed for years. 40 min of good times. Take a listen. https://www.taxgirl.com/2020/11/02/the-unpublished-truths-and-basics-of-bankruptcy/

What is bankruptcy exactly? Kelly helps to break down and define bankruptcy by, a legal process for obtaining debt relief for those unable to repay obligations. A lot of bankruptcy problems relate to corporations, but most cases are actually by individuals. Majority of bankruptcy cases are related to medical injuries or expenses. Other reasons for bankruptcy might be losing your job, going through a divorce, or simply taking on too much debt. Of course, especially currently with this pandemic, corporations and small businesses also struggle. When hearing the word bankruptcy, most jump to assume this is the end, or it is a negative road to take. However, there is so much more about bankruptcy then many of us know. Tune in to find out more about bankruptcy, as well as when it is time to reach out and if it will benefit or damage you and your financial standings.

Bankruptcy in Place to Restructure and Offer Help
Kelly invites Salene Kraemer to help provide knowledge about bankruptcy and how to go about handling it properly. Salene is a business lawyer and consultant. She helps businesses and individuals navigate their way through bankruptcy and other financial hindrances. Salene helps to inform listeners of when and how to act. She also informs the opportunities and other avenues to take when it boils down to filing for bankruptcy. Any individuals or business owners who would like to know the details and specifics on bankruptcy, will find their answers in this podcast!

Listen to Kelly and Salene talk Bankruptcy, including:
Explanation of Bankruptcy
Restructuring of Debt
Analysis of Bankruptcy and Questions asked before filing
How to restructure, modify and lien stripping
Ideal candidates for Bankruptcy
Non-bankruptcy options
Consensual prepackage Bankruptcy plans
Tax issues and rules
All about Trustees
Business survival Vs. failure
How to reorganize and reoperate
Business restrictions post-Bankruptcy
Are there repeat bankruptcy clients?
When to file
Claims objection process
What point proves it’s time to file
Retirement assets
Income means test and variables
Do not fear asking for help

About Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info and tax policy. In each episode, she shares conversations about taxes, money and the choices we make. Kelly is a practicing tax attorney who works with taxpayers like you every day. She helps folks out of tax jams, and hopefully, keep others from getting into them.

You can find out more about Kelly here and you can follow her on TwitterFacebookInstagram, and Linkedin.

Kelly’s Website – Taxgirl

Salene Kraemer – LinkedIn

Salene’s Phone number – (+1) 412-427-7075

Email Salene – skraemer@bernsteinlaw.com

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