Category: Debt Relief

settling credit card debt tax implications

Tax Implications for Settling Credit Card Debt (and How to Minimize What You Owe)

Whenever you borrow money, you have a legal obligation to repay it in full. Settling debt for less than you owe is a possibility. But because it means you’re not completely fulfilling your obligation, there may be tax consequences. When settling credit card debt, tax implications may include treating the settled debt as taxable income. […]

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garnish paycheck protection program

Can a Creditor Garnish My Paycheck Protection Program Funds?

As a result of the CARES Act, many businesses have received funds through the Paycheck Protection Program. As businesses continue to struggle as a result of COVID-19, many owners may be wondering if creditors can garnish their Paycheck Protection Program funds.

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post-pandemic finances

Your Post-Pandemic Finances: How to Prepare for Reopening

As businesses slowly begin to reopen across the country, it finally seems as though there may be a light – though still distantly – at the end of the tunnel. While we seem to still be a long way away from returning to “normal,” the start of businesses reopening signals at least a financial shift.

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Our Process

While our staff and attorneys are based in New York, Tayne Law Group P.C. serves clients from across the country! Whether you prefer to talk on the phone, schedule a video call, or want to come into one of our New York locations, our staff and lawyers are here to answer any of your questions.

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Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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