Property tax problems for customers of bankrupt lender

Bankruptcy does not solve all debt problems | When not to file bankruptcy The idea of declaring bankruptcy, wiping out certain debts or repaying them over time with court protection-no more hassles or nasty phone calls from menacing creditors–and then moving on more or less debt free has undeniable appeal to anyone faced with overwhelming debt.

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If you need to stop a Property Tax foreclosure Bankruptcy may be your best option. When you don’t pay property taxes, investors purchase the property taxes and then foreclose. Often debt collection attorneys will purchase tax liens by setting up a company that purchases the property tax lien.

Dean Mead is well qualified to represent clients in commercial lending transactions in Florida.. issues, agriculture issues, construction issues, tax issues, and estate and trust issues.. creditors' rights, Foreclosures and Bankruptcy.

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A foreclosure on a business property can occur without bankruptcy if the business owner cannot make the payments on a building or other property. It is common, however, for a business to be in trouble and to declare bankruptcy because it cannot pay any of its bills.

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B. The Differences Between Secured Property Taxes and Priority Property Taxes. 1. Another area of some confusion when dealing with property taxes in a bankruptcy setting is whether the taxes should be treated as secured or priority and what this distinction can mean. In Indiana, real property taxes

These include alimony payments, child support, and certain types of tax debt. Furthermore, if you’re carrying post-college debt, you should know that student loans are rarely dischargeable in.

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All problems. property to the hotel mortgage holder, Mid-Atlantic Bank. With the tax money in hand, it was able to lower taxes the following year, Smith said. Also in 1989, Morristown-based.

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Common Foreclosure and Cancellation of Debt Issues for Real Property. This presentation is designed for common foreclosure and cancellation of debt issues faced by individuals and sole proprietorships who owned real estate property disposed of through a foreclosure or similar disposition and those who received a loan modification.