Attorney Stephen A. Weisberg's Legal Cases

Tax

3 Separate Offer in Compromise Accepted for a Percentage on the Dollar

Jul 28, 2015

OUTCOME: Taxpayers could stop worrying about the IRS and saved 99% of the debts owed.

3 separate clients owed the IRS anywhere from $30,000 to $45,000. I filed an Offer in Compromise for each offering $200 and $300 in total to settle the outstanding debt based upon their specific financ ... ial circumstances. By effectively drafting each Offer in Compromise and successfully negotiating a settlement with the Offer in Compromise representative, each client's case was settled for the initial $200 or $300 offered.

Tax

Individual Taxpayer's life savings were levied by the IRS

Apr 25, 2014

OUTCOME: I negotiated with RO to release the bank funds within 24 hours.

Taxpayer contacted me when the IRS "reached in" and took her life savings from her bank account due to back taxes owed. Taxpayer was recently retired, received very little income, and intended to live ... off of her savings for the rest of her life.

Tax

Individual Taxpayer's life savings were levied by the IRS

Apr 25, 2014

OUTCOME: I negotiated with RO to release the bank funds within 24 hours.

Taxpayer contacted me when the IRS "reached in" and took her life savings from her bank account due to back taxes owed. Taxpayer was recently retired, received very little income, and intended to live ... off of her savings for the rest of her life.

Bankruptcy and debt

Reorganization and Liquidation of $900mm Automotive Supplier

Apr 15, 2009

OUTCOME: Company was orderly liquidated. Secured and Priority Creditors received payment in full.

High revenue auto supplier was forced to file for bankruptcy in 2009 during the Great Recession. The company had $900mm in revenue the previous year. The number of creditors who were not paid was in th ... e hundreds including priority, secured, and unsecured creditors. The company's assets were sold in multiple stages. Certain assets were attractive to other buyers which we sold through the bankruptcy process. Other assets were liquidated to bring money into the estate to pay creditors that were owed money by the auto supplier.

Bankruptcy and debt

Reorganization and Liquidation of $900mm Automotive Supplier

Apr 15, 2009

OUTCOME: Company was orderly liquidated. Secured and Priority Creditors received payment in full.

High revenue auto supplier was forced to file for bankruptcy in 2009 during the Great Recession. The company had $900mm in revenue the previous year. The number of creditors who were not paid was in th ... e hundreds including priority, secured, and unsecured creditors. The company's assets were sold in multiple stages. Certain assets were attractive to other buyers which we sold through the bankruptcy process. Other assets were liquidated to bring money into the estate to pay creditors that were owed money by the auto supplier.

Stephen A. Weisberg's Legal Cases (5)

3 Separate Offer in Compromise Accepted for a Percentage on the Dollar

Individual Taxpayer's life savings were levied by the IRS

Individual Taxpayer's life savings were levied by the IRS

Reorganization and Liquidation of $900mm Automotive Supplier

Reorganization and Liquidation of $900mm Automotive Supplier