Individuals may declare bankruptcy and reorganize their debt once they have determined that it has become impossible to pay off creditors in an acceptable time frame. In some circumstances, individuals or companies may walk away with a fresh start after declaring bankruptcy under Chapter 7. Depending on eligibility, you may be entitled to other forms of relief. No matter which form of relief under the Bankruptcy Code you are interested in, our attorneys will recommend the form that is in your best interest.
Chapter 13 Wage Earner Plans are a vastly superior to companies involved in consolidating debt. If you read their fine print, all moneys received a reput towards their fees and expenses before a dime is sent to creditors. Also, the list of creditors they deal with are never comprehensive with the rest waiting to pounce. In addtion, they cannot guarantee results where we can. A Bankrutpcy Discharge wipes out all debt and promises a fresh start and keeps that promise.
Real Estate Law
Attorneys of 6 Lakes Legal assist people facing foreclosure which involves many legal procedures that only a qualified real estate attorney can help you with. In Michigan, you are able to stay in your home until the redemption period following foreclosure is complete. A real estate attorney may even be able to help you work with your mortgage lender to prevent your property from entering foreclosure. If you are faced with a foreclosure or any other real estate dispute, it is advisable to speak with a real estate attorney. Owners can protect themselves from these issues and others, by taking the time to find all the information about buying real estate and discussing any potential problems with a real estate lawyer.
If facing foreclosure or problems arising from newly purchased property we can help. In Michigan, sellers must fully disclose the condition of property up for sale and must disclose any health concerns. If a seller knowingly withholds information necessary to reach a conclusion of whether the house is fit for human habitation, they become liable for expense of repair or rescission of sale.
Persons seeking assistance in becoming compliant with the Internal Revenue Service need only consult their accountant in order to repay most interest and penalty attendant to failure to file or failure to file penalties imposed by that agency. In addition, when the agency files Substitute for Returns when taxpayers fail to timely file returns, the agency bases your tax on gross income without regard to allowed deductions or exemptions and all you have to do is file a return listing the correct deductions and exemptions and the penalties will be reduced,
However, when the agency gets overly aggressive and imposes lien on all of your assets, we come in and ensure that the liens are set aside when improper and not in compliance with the code. Attorneys at 6 Lakes Legal Services will also see that abatement of penalties are obtained to maximize returns and minimize income tax expenditures.
Don't be fooled by misleading promises made by national tax relief companies offering breaks with the IRS Fresh Start Initiative. The promises of help are hollow and they only take your money to set up repayment under the most onerous terms in which you must pay all past due tax including penalty and interest. The IRS will give you up to 72 months to pay principal owed and tack on all the penalty and interest which has accumulated later. There are many more programs offered by the IRS which provides for actual breaks such as Offer in Compromise which looks at your asset structure to determine if a lump sum payout would be advantageous or attaining a Can't Pay status in which the IRS simply writes off the debt. Come see a qualified tax professional who is also an attorney to see how we can help.