New York City Debt Collection Defense Attorney
888.271.7109
Menu

Tax debt Blogs

All Posts
  • Legal Glossary: Debtor-Creditor Law (New York 2023)
    Legal Glossary: Debtor-Creditor Law (New York 2023)

    The Essential Legal Glossary for Consumer Debtors Acceptance: 1) Intentionally receiving and keeping something. 2) Agreeing to contract terms. Acceptance of Service: Agreement by a defendant to accept ...

    Read More
  • Debt: The Good, The Bad, and The Strategic
    Debt: The Good, The Bad, and The Strategic

    In personal finance, debt is often a topic of debate. People have varied opinions on the need for debt, influenced by cultural beliefs, upbringing, and financial knowledge. To some, it represents ...

    Read More
  • Can a Debt Collector Place a Lien on My Home? Yes, Here's How
    Can a Debt Collector Place a Lien on My Home? Yes, Here's How

    Yes. Creditors who have obtained judgments for unpaid debts can register these judgments to create liens against real property. This is a separate process from banks obtaining mortgage liens, which ...

    Read More
  • Need to Vacate a Default Judgment? Include Good "Excuses" for Not Defending
    Need to Vacate a Default Judgment? Include Good "Excuses" for Not Defending

    Facing a wage garnishment or bank restraint due to a judgment? Consider the excuses below to help you overturn the judgment at issue. New York law (CPLR § 5015) allows you to file a motion to vacate a ...

    Read More
  • 1099-C Forms: Are You Still on the Hook for the Debt?
    1099-C Forms: Are You Still on the Hook for the Debt?

    Understanding Debt Cancellation and Taxes When a debt you legally owe is canceled, it counts as income that must be reported on your tax return. To ensure individuals meet this obligation, financial ...

    Read More
  • Prioritize Consumer Debts Based on Risk. A Comprehensive Legal Guide
    Prioritize Consumer Debts Based on Risk. A Comprehensive Legal Guide

    Debts of Highest Priority Court Judgments : A judgment is a court order in favor of the creditor. Now as a “judgment creditor,” it can garnish your wages, freeze your bank accounts, and foreclose on ...

    Read More