Blog

It is important that taxpayers negotiate with the IRS to pay any delinquent tax debt, preferably before the IRS places a lien on property or worse, seizes it pursuant to its statutory authority to levy property. The attorneys at Loan Lawyers may help any taxpayer negotiate a settlement with the…

A federal tax lien is a legal claim by the federal government against a taxpayer’s property when he or she neglects or fails to pay a tax debt. After the IRS assesses liability by listing a balance due in its records and sending the taxpayer a Notice and Demand for Payment, it…

The Florida Office of the Attorney General states that Florida law applicable to the repossession of a motor vehicle by a secured creditor neither requires a court hearing nor written notice warning the consumer of imminent repossession. However, there are ways for consumers to avoid this situation and retain a…

Surprisingly, many individuals who prepare for filing a bankruptcy don’t know the difference between a secured debt and an unsecured debt. Whether or not the filing of a bankruptcy case is the ultimate goal, knowing the distinction between the two types of debts is significantly important. In Chapter 7 and…

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…

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…

The statutory authority of the IRS allows it to legally seize property when taxpayers fail to pay taxes. A levy is an administrative action by the IRS that takes property, real or personal, to satisfy a tax debt. While a tax lien is a legal claim against property to secure…

For homeowners, foreclosure is a dirty word. Some of us may recall the image of a dastardly man with a top hat and handlebar mustache tying a damsel in distress to railroad tracks. Sadly, this image is not too distant from representing the stress and trauma presented by foreclosure of…

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…