Senate Democratic leaders appear likely to drop several high-profile legislative issues from their agenda, including efforts to tax bonuses paid to corporate executives and giving bankruptcy judges the ability reduce mortgage payments on the primary mortgages of chapter 13 debtors, according to a Congress Daily report today. Senate aides said that the legislative agenda this [...]

In these times of financial and housing crisis, choosing the right bankruptcy attorney is a crucial decision. The following factors should be taken into account when choosing the right bankruptcy attorney for you: Reputation: Choose an attorney with a record of success who has earned the respect of his colleagues.  Since the work done by [...]

As a bankruptcy firm whose attorneys have filed in excess of 9,000 bankruptcy cases, we have a unique approach to settling your unsecured debt.  First, we are a law firm and not a “debt settlement company”.  Most debt settlement companies are out of state and have no accountability.  Moreover, these companies place their clients on [...]

WHAT IS AN OFFER IN COMPROMISE? An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in [...]

Most debt settlement companies are out of state and have no accountability. Moreover, these companies place their clients on unrealistic payment plans that are usually set up to fail. Our office receives many calls from individuals and families that are 8 to 12 months into these plans and have received lawsuits. Once they receive lawsuits, [...]