80s Sitcom Star Files for Bankruptcy due to IRS Debt
Jasmine Guy’s Divorce Offers Beneficial Bankruptcy Information Advice:
Whitley Gilbert lived in an upbeat scripted sitcom with a made-for-TV-movie reunion ending: the actress who portrayed her, Jasmine Guy, wasn’t so lucky. Jasmine Guy filed for divorce from Terrence Mitchell Duckett in late 2008 and just this month filed for bankruptcy. Why the one-two punch? Bankruptcy information advises to file for bankruptcy before filing for divorce, not the other way around. This is especially true if the couple has accrued a lump of tax debt like Guy and spouse: Guy now owes $124,000 in tax debt and other fees, while her ex now owes a narrowed down $93,000. Since Jasmine Guy so wisely filed for bankruptcy as a single woman, her ex’s credit won’t be affected in a joint bankruptcy filing.
Debt problems bitterly end 50% of marriages; good bankruptcy information is essential to couples considering money-based divorces. Bankruptcy information and statistics show that an amicable divorce is easier without a divisive jointly-filed bankruptcy. Though there’s no Dwayne Wayne in sight, Jasmine Guy will be able to pay off her tax debt from a role in the well-reviewed new CW show the Vampire Diaries.
Don’t Miss this Nugget of Bankruptcy Information:
Consumers might misunderstand the examples celebrities set with bankruptcy. When they file for bankruptcy with a mound of tax debt, that tax debt is not discharged: no federal legislation would allow bankruptcy to negate a federal pay-day! Jasmine Guy’s Chapter 13 debt restructuring bankruptcy arranges to have that tax debt repaid with a debt repayment plan, so April 15th will come every month until she's paid in full.
For more bankruptcy information about how a divorce might just save your credit, call Legal Helpers at 1.800.260.1402. We offer free consultations 6 days a week to make sure you have the most recent bankruptcy information so you can make your decision. Call us for bankruptcy information today!
Subscribe to this comment's feed
