The other day I wrote about bankruptcy trustees using the bankruptcy laws to remove IRS liens from penalties. At the time I thought that was a bit aggressive. Today I read an even more aggressive case. The debtor owned a house worth about $700,000, they had a first of $560K and IRS liens of about[…]
Can the IRS force a sale of your house if you file bankruptcy? This simple answer is probably not. However some aggressive bankruptcy trustees are using IRS liens to force a sale of your home. For the longest time bankruptcy attorneys thought the bigger the IRS lien on your property the more it was protected[…]
A few years back Congress passed a law saying that if you engaged in money laundering activities, the government had the right to seize the assets involved. Just as with most criminal laws, it was up to the government to prove you were doing something wrong. To paraphrase, bad guys could have their money taken[…]
Lets say you’re a successful surgeon. You are a money making machine, a large part of the machine is you do a lot of advertising. Somewhere along the line a government bureaucrat hears your advertising and says you aren’t giving all the required disclosures with your medical advertising. (You know those inane, rapid comments after[…]
A few weeks back I got into a yelling match with another attorney. A real shocker right? This attorney said his particular strategy was the best for our mutual client because this attorney happened to work for another firm that offered asset protection. Never did comprehend how his past employment provided a legal basis for[…]