Bankrupcty Can Lead to a Litigation Case with a Specialized Litigation Lawyer Ottawa KS

by | May 5, 2015 | Lawyer

A litigation case commonly arises from the client being injured or affected in some way by an entity. Most individuals see this as a civil lawsuit, but there are many forms of litigation. A client may turn to a Litigation Lawyer Ottawa KS after already experiencing a number of major financial obstacles. Discussed here is the presence of the IRS when trying to get money owed to them and the government. Litigation is also a natural extension of bankruptcy. When individuals are staring down a potential bankruptcy, they often turn to the company that was partly responsible in the first place.

Bankruptcy Caused

Who facilitated the bankruptcy? It is a paramount question because bankruptcies tend to derive from some source. It could fully be the actions of the debtor who put themselves in that situation. Many Americans are forced into bankruptcy situations because of things out of their control, which is often where litigation arises.

Tax Liens

Americans want to work with a Litigation Lawyer Ottawa KS to help in their bankruptcy. Sometimes, a lawyer can display a direct correlation between a bankruptcy and the company that caused the harm. The IRS is only one part of that. In order to get the money owed to the government, the IRS is willing to implement (and legally able to, with little oversight) a tax lien on the property. Companies are also capable of doing this, but they must go through a few more loopholes. The IRS has a special arrangement with the government to allow a more liberal use of tax liens. In both situations, a litigation lawyer can avoid the application of a tax lien. Click here for more details.

The property is unable to transfer title until that tax lien is paid for. The IRS is legally allowed to claim the property if the tax lien is close to the value of the full property. This may force some Americans to sell their property when the market is low, in order to satiate an old tax debt. For the most part, Americans will want to work with a lawyer to pay off an old tax debt before it ever gets this far along.

Visit the official website of John Hooge and Associates at website to learn more about handling litigation, avoiding bankruptcy, and removing the often powerful actions of the IRS or a company.

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