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October 2013 - DelCotto Law Group

Sovereign Immunity is No Defense to a § 544(b)(1) Claim

October 31, 2013
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In United States v. Equipment Acquisition Resources, Inc. (In re Equipment Acquisition Resources, Inc.), 485 B.R. 586 (N.D. Ill. 2013), the District Court for the Northern District of Illinois affirmed a bankruptcy court’s ruling that 11 U.S.C. § 106(a)(1) eliminates the IRS […]

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Using Bankruptcy to Remove a Judgement Lien

October 17, 2013
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Continuing the discussion in my previous blog titled “Stopping a Creditor Lawsuit”; a judgment lien is one of the remedies that a creditor may have against you if you let the creditor receive a default judgment against you.  Let me give you a typical example of this using […]

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Stopping a Creditor Lawsuit

October 4, 2013
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Many people ignore their financial situation until it becomes dire.  Once a lawsuit is filed by a creditor for nonpayment, many people think there is nothing that can be done to help their situation.  They wait around until the creditor receives a default judgment against them and they […]

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