How You Can Legally Settle Your Bad Debt, Avoid Foreclosure And Get A Fresh Beginning Starting Today…
By Steven A Leahy
On my radio show, The IRS Radio Hour, we talk a lot about helping people with financial problems. What I have discovered is when people have IRS problems, they often have other financial issues haunting them. My mission is to help as many people as I can achieve full financial recovery. That means, helping with more than just IRS problems. I help people with foreclosure issues, loan modifications, bankruptcy and other debt related problems.
A perfect case study can illustrate this approach:
Bob & Eddie (not their real names) ran a successful home repair business. But, because of health problems and the economic crash, their business seemed to disappear overnight. They were facing immediate foreclosure on two properties, bad debt law suits and massive IRS debt with liens & levies pending. Bob had given up and went into a state of depression. Eddie heard our ad and decided to see if I could help.
After meeting with me face to face, they decided to hire me to help them to full financial recovery. My team and I immediately began our investigation, filed our appearance in court on both of the Foreclosure Actions and our Power of Attorney with the IRS. We slowed down the foreclosure actions, and stopped the IRS collections efforts in order to give us time to complete our investigation.
In this case, after close consultations with Bob and Eddie, we represented them in a Chapter 7 bankruptcy. The bankruptcy resolved their bad debt issues, the threat of deficiency in the foreclosure cases and most, but not all, of their IRS problems.
After discharge of their Chapter 7 bankruptcy, Bob and Eddie were confident to start up a new business. With their new found freedom, they rebuilt their home repair business into a successful enterprise. We negotiated a loan modification on an investment property. Because the second foreclosure was pending more than 2 years after their discharge, they had an opportunity to save some money. In addition, we negotiated a cash for keys arrangement on their home, whereby they received $35,00.00 in cash upon surrender of the home.
Because we timed the chapter 7 correctly, much of their IRS debt was discharged in bankruptcy. There still remained, however, a small balance. We negotiated an installment agreement with the IRS and protected them from further levies and other IRS collection efforts.
Finally, they used this $35,000.00, in addition to money they saved during the duration of the foreclosure case, and purchased a new home. We represented them in the purchase of their new home and they moved on with their lives, in a new home, with a minimum payment to the IRS and free of any other debt.
So, if you have an IRS problem, you should consult with a local attorney. The strategy you use will make ALL the difference in how your life progresses. Before you do anything, you should give me a call. We can discuss your options, complete your an investigation and determine the best course of action. – Opem Tax Resolutions & The Law Office of Steven A. Leahy, PC (312) 664-6649. Call NOW to set up your FREE Consultation.
