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Question for the Money Doctors

Question submitted on Feb 21, 2011.

Question

My salary has been reduced to less than 50% of what I made several years ago. I was laid-off for over a year and now, even though I am reemployed, I make about half of my old salary. I have exhausted all my savings and now I am considering bankruptcy. Do any special tax filing rules apply to my situation? Any advice you can will be appreciated. Thanks, Jack Cleveland

Answer

I am not aware of any


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