During a Loan Modification Application, Can the Bank Continue With a Foreclosure Lawsuit?
New 10-Step Process Allows You to Eliminate Student Loans in Bankruptcy If you’re in foreclosure, getting a loan modification seems like a safe way to resolve your problems. After all, loan modifications can lower your payments, interest and perhaps even the principal loan balance. But, getting a loan modification is not easy and is, at […]
New 10-Step Process Allows You to Eliminate Student Loans in Bankruptcy
New 10-Step Process Allows You to Eliminate Student Loans in Bankruptcy The Department of Justice (DOJ) and the Department of Education (DOE) have released new Guidance that should permit bankruptcy debtors to achieve more success in getting student loans discharged in bankruptcy. The new process requires bankruptcy debtors to complete an “Attestation Form”, which […]
What is a Citation to Discover Assets? How Creditors Legally Find and Seize Your Money and Property: What You Should Do Next
What is a Citation to Discover Assets? How Creditors Legally Find and Seize Your Money and Property: What You Should Do Next The most painful part of going to court with a creditor is not the court experience itself. The most painful, embarrassing and even devastating part is having the creditor win a judgment against […]
Citation to Discover Assets: Reveals the Location of Your Money and Property: What You Should Do Next
Citation to Discover Assets: Reveals the Location of Your Money and Property: What You Should Do Next by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC If a creditor gets a judgment against you, they will do their best to find any assets you have. You’d most likely do […]
What is a Levy? How the IRS Can Seize Your Property to Pay Your Tax Debt
What is a Levy? How the IRS Can Seize Your Property to Pay Your Tax Debt by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC What is a Levy? If, for whatever reason, you fail to pay your federal taxes, there are several ways the Internal Revenue Service (IRS) can […]
How to Buy a Car After Bankruptcy
How to Buy a Car After Bankruptcy by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC Your bankruptcy doesn’t mean you’ll be traveling everywhere on foot. You can still buy a car – even after a bankruptcy. People who have filed bankruptcy are good credit risks. After all, even though […]
10 Ways IRS Will Let You Pay Less Than You Owe in Taxes
10 Ways IRS Will Let You Pay Less Than You Owe in Taxes by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC Owing money to IRS scares many people. IRS depends on this because that fear motivates people to pay their taxes. And that fear is warranted because IRS […]
Wage Garnishment: How Creditors Take Money From Your Paycheck
Wage Garnishment: How Creditors Take Money From Your Paycheck by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC Garnishing Your Wages If you fail to pay the judgment, creditors can profit from another legal tool, the wage deduction proceeding, also called a wage garnishment. This is where the creditor […]
UCC Liens Against Your Business Can Hurt Your Credit; Here’s What You Need To Know About The Uniform Commercial Code
UCC Liens Against Your Business Can Hurt Your Credit; Here’s What You Need To Know About The Uniform Commercial Code by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC What is the Uniform Commercial Code (UCC)? The UCC is a large body of rules that dictate how commercial matters are […]
Find Out What IRS Knows About You: Get A Copy of Your Tax Transcript
Find Out What IRS Knows About You: Get A Copy of Your Tax Transcript by Richard Fonfrias, J.D. Chicago’s Financial Rescue & Bankruptcy Lawyer Fonfrias Law Group, LLC If you have any tax problem that involves the IRS, you don’t want to go forward without knowing all the details. You need to know what IRS […]