Massachusetts Suspends Florida Drivers License To Collect Corporate Income Tax

The state of Massachusetts is serious about collecting corporate income taxes. An owner of a bankrupt Massachusetts corporation learned about Massachusetts corporate tax collection when he tried to renew his Florida drivers’s license. At attorney wrote me an email about...

Posted by on 26 February 2010 | 11:01 am

Eleventh Circuit Court Affirms Exemption Of Single-Member Keogh Retirement Plan

The Eleventh Circuit Court of Appeals issued an interesting decision about exemption of self-employed businessmen’s pension plans. A self-employed Florida debtor filed Chapter 7 bankruptcy listing her Keogh plan as an exempt asset. Section 222.21 of the Florida statutes exempts...

Posted by on 6 January 2010 | 7:16 pm

Federal Agencies Can Garnish Head Of Household Salary Of Florida Debtors

Florida statutes state that earnings of the "head of household", including wages, salary, and commissions, are exempt from garnishment. This statutory exemption will not protect Florida debtors if they owe money to a federal government agency. Federal agencies can garnish...

Posted by on 22 December 2009 | 12:25 pm

Don't Say I Didn't Warn You About Deeds In Lieu Of Foreclosure

Just a few days ago I posted an article about banks luring homeowners into signing false deeds in lieu of foreclosure. Here’s the first example. Friday, I received the following email from an attorney who has an active and successful...

Posted by on 6 December 2009 | 9:28 am

A Couple Interesting Questions From Readers

Here’s a couple short questions and answers I dealt with during the past few days. First questioner states that he owns an investment property through his self-directed IRA. Payments are late and the bank started foreclosure. He knows that IRA...

Posted by on 5 December 2009 | 7:46 pm

Mortgage Modifications Restrained By Complexity Of Mortgage Financial Markets

Why won’t my mortgage company offer me a reasonable mortgage modification? Why would they choose to foreclose when with just a little help I can pay the mortgage. These are questions I hear all the time from clients concerned about...

Posted by on 4 December 2009 | 8:02 am