Received a 1099C form, am I still obligated to pay the debt?
I wholeheartedly agree with Attorney Pietrafesa. IRS Form 982 will allow you to claim insolvency with respect to the debt for which the 1099C was...
Albany, NY
Bankruptcy and debt Lawyer at Albany, NY
Practice Areas: Bankruptcy & Debt, Foreclosure, Tax
I wholeheartedly agree with Attorney Pietrafesa. IRS Form 982 will allow you to claim insolvency with respect to the debt for which the 1099C was...
It depends upon the type of tax owed. If the tax owed consists of income tax, the State will definitely consider an offer-in-compromise. However,...
You should definitely insure the building if it is not currently insured, if not for the sole purpose of protecting your investment. Consult with...
You'll want to get in touch with a probate or estates & trusts attorney. Assuming that you are credit-qualified, there's no reason you will not be...
There are definitely other options. Bankruptcy could allow you to strip the second mortgage from your property, thus leaving you with only one...
It sounds like the property is currently owned by the bank, which would explain the eviction notice. Though the time has long since passed to speak...
It is true that you cannot simply withdraw from a Chapter 7, though it should be noted that you can "convert" your Chapter 7 case into a Chapter 13...
That's correct. Your personal obligation to pay the mortgage debt has been discharged (which is a fancy word for "cancelled"). Further, you may be...
While I think there's more information needed in order to make a more accurate suggestion, you may consider filing for the Chapter 13 before he...
You've received valuable suggestions from my colleague. Consult with a foreclosure attorney to determine the terms and conditions of both mortgage...