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Banks Forgiving Mortgage Loans: What’s the Catch?

by Mark J. Markus | Oct 4, 2012 | asset protection, foreclosures, etc., real estate issues, tax issues, taxes

Your Home Loan Mortgage Just Disappeared? In the past few weeks in my Los Angeles, California practice, I have had several potential (and existing) clients tell me that the bank which holds the junior mortgage (e.g. 2nd or 3rd trust deed)  on their house has suddenly...

F is for Forgiveness of Debt. Or is it?

by Mark J. Markus | Nov 19, 2011 | Bankruptcy Alphabet, tax issues

  Ahh forgiveness.  What a lovely word.   It’s at the foundation of most religions and psychologists tell us it’s good to lower stress.  Bankruptcy has its own forgiveness:  Forgiveness of debts, or at least the obligation to pay on the debts (see my...

Is IRS Form 1099 Received After Bankruptcy Considered Income? Solutions

by Mark J. Markus | Apr 18, 2011 | Bankruptcy Law, tax issues

Is a Form 1099 from a Creditor After My Bankruptcy Case Considered Taxable Income? A very important question I’m often asked every year by my clients is:  What effect does their bankruptcy have on their income taxes? Or,  whether or not debts discharged...
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The Law Office Of Mark J. Markus

2600 W. Olive Ave. Fl. 5
Burbank, California 91505
(P) 818-509-1173

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11684 Ventura Blvd. #403
Studio City, California 91604
(P) 818-509-1173

355 S. Grand Ave. Ste. 2450
Los Angeles, California 90071
(P) 818-509-1173

(E) mark@bklaw.com

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California Bankruptcy Attorney Certified Specialist in bankruptcy law handling exclusively bankruptcy cases since 1991 in Chapter 7, Chapter 11, and Chapter 13. Representation of debtors and creditors in bankruptcy.
This firm is a federally qualified debt relief agency and, among other things, helps people file for bankruptcy relief under the Bankruptcy Code.

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This website should not be construed as the giving of legal advice or the formation of an attorney-client relationship. Results of a case will vary based on the facts, circumstances, and legal issues involved. All cases must be properly reviewed prior to determining applicable law and likely conclusions. Attorney Mark J. Markus is responsible for the content of this website.
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