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When cancelled debt is treated as taxable income
An Iowa resident who receives forgiveness for part or all of one or more outstanding debts by a creditor might be surprised when a 1099-C federal tax ...
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Sulaiman Law Group, Ltd.
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Working with collection agencies for reduced payments
People in Illinois who have outstanding credit card or other financial obligations may be able to negotiate with debt collectors for a settlement. If ...
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Sulaiman Law Group, Ltd.
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Defending against Illinois foreclosures
If you are involved in a dispute with your mortgage lender, you may have the specter of foreclosure looming. Alternatively, you may owe far more on ...
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Atlas Consumer Law
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National Consumer Law Center to CFPB: Ban The Collection Of Time-Barred Debt
The National Consumer Law Center has issued a policy paper entitled, "Zombie Debt: What the CFPB Should Do About Attempts To Collect Old Debt." The ...
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Sulaiman Law Group, Ltd.
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Understanding the differences between Chapter 7 and Chapter 13
Illinois residents who are struggling with credit card debt may be interested in information on the types of personal bankruptcy available to them. ...
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Sulaiman Law Group, Ltd.
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CFPB To Issue New Rules For Payday Lenders
According to this article in the New York Times , the Consumer Financial Bureau is set to release its first set of rules for payday lenders. Full ...
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Sulaiman Law Group, Ltd.
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