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Creditor sued in April did not serve until October and SoL date was in June can I motion to vacate judgement based on SoL?
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Answered on December 21, 2009
If the case was filed in April 2009, it was within the statute of limitations. However, if you were not served until October 2009, you may have...
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We owe $24,000 to the irs, how hard is it to get and offer and compromise? Most people say they rarely work?
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Answered on December 21, 2009
Write to the IRS office that you contacted, and offer to get back on the installment agreement by having them reinstate it--send it certified mail,...
Archived
My husband owned a company that was at the brink of closing its doors , while at the same time a creditor was moving for judgeme
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Answered on December 21, 2009
Mr. Alexander has given good advice. If the creditor is now suing you personally for fraud, he has to show intentional misrepresentation. You may...
Archived
What is statue of limitations on financial debt and do some actions reset it ?
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Answered on December 21, 2009
State law sets statute of limitations, and is generally 3 years in most states. I am not licensed in North Carolina, so you should check with a...
What are the consequences for a voluntary repossession of a Harley Davidson?
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Answered on December 21, 2009
The loan company will show this as a collection, which will damage your credit. If the bike is resold for less than you owe, the loan company can...
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How does a Non-Profit 501(c)3 become a collective Non-Profit?
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Answered on December 21, 2009
Your question is not clear. A "non-profit" is not owned by anyone, where a "collective" is generally owned by its members, through membership...
Archived
22,0000 owed original tax owed is 10,000. I can not pay and I called a few tax relief sites, many asking for upfront 2500.
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Answered on December 21, 2009
If you can afford to pay the $300 per month, you may want to agree to that sum. If you think you qualify for an "offer in compromise", which can...
Archived
Why would a tax accountant representing the owner of a cash business intentionally list an incorrect SSN on tax returns each yr?
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Answered on December 21, 2009
You should amend these returns immediately, to correct the incorrect SSN's. If you knew they were incorrect, the IRS may ask why you signed the...
Archived
Iam being sued by the insurance company of the motorist i had an accident with after they got paid from my insurance can they?
Mark's answer
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Answered on December 21, 2009
Your insurance will protect you from liability in this suit, up to the amount of your coverage. Notify your insurance company immediately, and they...
If an S-Corp is dissolved, would the associated liability protection still apply for business previously conducted by the S-Corp
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Answered on December 21, 2009
Yes, you would still have protection for claims related to products sold during the corporation's existence.
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