Benner & Weinkauf P.C.

-Choosing a short sale can help homeowners avoid foreclosure -Homeowners will have more control over the sale of their home compared to a foreclosure, where homeowners will have no control over what happens -Homeowners can pay off their mortgage for less than what is actually owed

You cannot sell your home in a short sale without the lender’s approval. If the lender approves a short sale, the home will be listed on the real estate market available to all buyers.

A short sale occurs when a homeowner who is struggling financially sells their home for less than what is owed on their mortgage.

If a debt collector is violating your rights, contact the attorneys at Benner & Weinkauf right away.

There are both federal and state laws that outline what debt collectors can and cannot do.

The terms “lien” and “levy” may sound similar, but they are different. A lien is simply a legal claim to property to secure a debt, whereas a levy involves actually seizing the property in order to repay a debt.

Reaching a favorable offer in compromise with the IRS is not easy. This is one of the many reasons why you should not go through this process alone.

Only certain taxpayers are eligible for an offer in compromise with the IRS.

The IRS offers several options to taxpayers who are unable to pay their taxes. One of these options is known as an offer in compromise, which is a settlement agreement made between a taxpayer and the IRS.

The two main types of payment plans are short-term and long-term plans.

The IRS can be relentless in getting your back-tax payments, penalties, and interest due paid, and they have many legal ways to do it.

As debt relief lawyers, we know that owing the IRS money is always a stressful, and usually financially overpowering event.

Even though you may lose all your credit cards, and possibly other forms of secured and unsecured loans during bankruptcy, you are almost always able to secure other forms of financing after filing.

Once your bankruptcy has been finalized, you are essentially opening a new, clean financial slate for yourself and your family. There are things, though, that will be necessary moving forward.

To put it simply, your credit card debt can get so large that it prevents you from paying your day-to-day living expenses.

You are dealing with significant issues here, and the home of your family. So, you want to have all the facts so that you can make the best legal and financial decisions possible.

By filing chapter 13 bankruptcy, you may be able to avoid paying down a 2nd or 3rd mortgage.

Lien stripping can only usually be used to strip your 2nd (or 3rd) mortgage if the amount of the senior liens on the property exceeds the home’s current market value.

Lien stripping is a legal strategy that allows you to rid yourself of 2nd or 3rd mortgages or any “junior liens”.

In life, financial situations occur that you never expected to experience. During these times, paying your first mortgage may become difficult, thus making paying a 2nd mortgage intolerable.

There are certain requirements that you must meet in order to qualify for Chapter 13 bankruptcy.

Chapter 13 is commonly referred to as the “wage earner’s” bankruptcy.

You must meet certain requirements in order to file for chapter 7 bankruptcy in Massachusetts.

Certain assets are exempt, which means they will not be liquidated if you file for Chapter 7 bankruptcy.

Chapter 7 bankruptcy is often referred to as the “liquidation” bankruptcy.

The Massachusetts Department of Revenue (DOR) can impose penalties on any taxpayer that fails to fulfill their tax obligations.

The IRS offers three different types of tax penalty relief: First-time penalty abatement, Reasonable cause, Statutory exception.

Filing for bankruptcy is not the only way to deal with your unpaid taxes.

The rules regarding the discharge of tax debts in bankruptcy proceedings are complex. Most tax debts are not dischargeable, which means you will still have to pay them even after you have filed for bankruptcy.

Filing for Chapter 7 or Chapter 13 bankruptcy can stop wage garnishment.

Most tax debts are not dischargeable, which means you cannot get rid of them simply by filing for bankruptcy.

The IRS offers taxpayers two different options to pay the taxes they owe.

Filing for bankruptcy is not the only way to save your home. Another option is loan modification.

Some people may be able to avoid foreclosure by filing for bankruptcy in Massachusetts. Filing for bankruptcy will trigger what is known as an “automatic stay.”

It is possible to eliminate your second mortgage by filing for Chapter 13 bankruptcy, but it is not possible to eliminate your second mortgage by filing for Chapter 7 bankruptcy.

A creditor cannot take as much as they want from your paycheck even if they have obtained a court order. There are both federal and state laws that limit how much a creditor can take when garnishing your wages.

A creditor typically cannot begin to garnish your wages without a court order. This means the creditor must go to court and prove that you owe them money in order to start garnishing your wages.

Wage garnishment occurs when a creditor instructs your employer to withhold a certain percentage of each of your paychecks.

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(781) 664-9223

50 Braintree Hill Office Park #302 Braintree, MA 02184

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