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Mortgage Debt Relief Act 2014

On December 16, 2014, Congress finally passed a bill that extends the Mortgage Debt Relief Act through 2014.  This is a great law for home owners and provides a tax exemption for debt relief...

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Operating Under the Influence

You can drink.  But if you do, please do not drive.  Even a first time conviction for operating under the influence of alcohol can carry hefty fines and potential jail time. If you do...

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After-hours Cain & Herren, ALC Emergency Contact

Cain & Herren, ALC, now has an after-hours phone number, which you can call to reach an attorney 24-7. Please continue to use our main phone number, 242-9350 for non-emergency situations or to schedule...

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Mortgage Debt Relief Act – 2014

The general treatment of debt forgiveness outside of bankruptcy is that it is income subject to income tax.  I.E., when a debtor owes $10,000 of debt and is forgiven $5,000, then the debtor must...

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