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money bag

Taxpayers subject to an IRS tax lien have options to pay their delinquent tax debt. The representation of an experienced debt resolution attorney may assist any taxpayer in dealing with the IRS to understand all of their options in resolving an outstanding tax debt, even if secured by a federal…

money hands

Once wages or a bank account is garnished, an ensuing Chapter 13 bankruptcy filing will typically stop the garnishment. Having wages reduced by a garnishment often causes financial stress and hardship since it reduces disposable income. Filing a bankruptcy case invokes the unique protection of the automatic stay, which is…

tow

In Florida, Fla. Stat. § 537.012 covers the repossession and disposal of pledged property. A pledge is a bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for a debt. The term is also used to describe the property which is the…

empty pockets

Many individuals believe that they may not discharge taxes in a bankruptcy case, and they would be correct in most, but not all, cases. While most taxes are not dischargeable in bankruptcy, income taxes may, in fact, be discharged in chapter 7, 11, and 13 cases. However, once the IRS…

foreclosure

As most of its resident homeowners know, Florida leads the nation in foreclosure filings. Foreclosures in Florida are judicial, which requires that a lender file a lawsuit in state court. The lender files and serves a complaint in order for the court to enter a judgment of foreclosure and allow…

fraud stamp

Bankruptcy trustees are given the power under 11 U.S.C. § 548 to avoid certain transfers made by a debtor of assets that unfairly place them beyond the reach of creditors. A “fraudulent conveyance” is a transfer of the debtor’s assets to a third party with the intent to prevent creditors…