January 2016 Archives

Negotiating with the IRS on your tax bill

As tax season is just around the corner, you may be thinking about how you are going to make those payments. Our attorneys at Ledford, Wu & Borges, LLC, understand how stressful this time of year can be. You should know that you do have options, including working with the Internal Revenue Service to settle your liabilities.

Approach mortgage restructuring in Illinois with caution

If you have had difficulty making payments on your home, you may have begun to explore the idea of restructuring the loan. While there are some good options for doing so, you should also be aware that there are people who could take advantage of your situation, leaving you in an even worse position. At Ledford, Wu & Borges, LLC, we regularly help people like you to come up with solutions to problems like this.

What are the requirements for filing chapter 11 bankruptcy?

Businesses in Illinois that are struggling financially may find that filing for chapter 11 bankruptcy is the best option. Generally, partnerships, corporations and limited liability companies are the parties that choose this filing, though individuals may be able to depending on their circumstances.

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