Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
California: BK protection & Automatic Stay. A relative called me this morning sobbing & explained her situation, ultimately came what I was expecting the question that's just as hard to ask as to say no. Her husband passed recently & did not reveal to her that he owed the IRS & he stopped paying the house payment so, as you know the IRS is relentless"! She was smart enough that before the IRS started levying she changed as many things as possible. The house will be sold in 10 days at auction & she says that the IRS has a stranglehold on her, I mentioned to her that an couple I know with a somewhat similar IRS & household problem went to see a tax attorney who also does bankruptcy helped them with an offer in compromise & got them an automatic stay on the house so that the could get some relief & catch up. My question is how much time will the automatic stay buy her? Also is it possible for the attorney to negotiate with the bank on a repayment plan for the back payments owed? Please advise