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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…

At Loan Lawyers, our compassionate team of Florida foreclosure defense lawyers can help you understand judicial foreclosures, giving you the information you need to make an informed decision about your next steps. What Is the Difference Between Judicial and Non-Judicial Foreclosure in Florida? Generally, there are two types of foreclosures,…

According to a new study by the Government Accountability Office (GAO), student loan debt is pushing tens of thousands of older and disabled Americans below the poverty line. The GAO generated the report at the request of Senators Claire McCaskill (D-Mo.) and Elizabeth Warren (D-Mass.). The report indicates that more…

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…

Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer who can assist you in…

It is the beginning of the year and many desire the fresh start the New Year promised. But, not everyone’s New Year has brought in all they expected. Many people who determined they were going to eat healthier, spend more quality time with their families, become debt free, etc, are…