Debt

Trust Us to Resolve Your Tax Problems

Taxes can be overburdening and can cause severe stress. Delinquent property taxes and business taxes like payroll taxes, sales taxes, and inventory taxes, can wreak havoc on a business and in severe cases lead to business shut down. 

At Mike Norris Law Offices, our attorneys perform thorough evaluation of your tax statements and provide you valuable tips for negotiating the tax disputes.

Check Out Our Success Stories

In our recent case, we’ve dealt with the tax workout of a small business owner. The Indiana Department of Revenue was about to levy his business because of overdue sales taxes. They were about to freeze his account, which would prevent him from making any business transaction. This would have eventually caused his business to fail. We took over the case and were able to negotiate reasonable monthly payments spread over two years. This prevented the tax levy that would have frozen his account.

A Few years back, an elderly couple who owned five franchise operations in the beauty business, reached out to us. Due to financial inadequacy, they had not been paying payroll taxes. This essentially amounts to embezzling from the federal government, which is a serious offense. They owed the government close to $1 million in back payroll taxes. We negotiated with the IRS for our client, so that they had time to find a buyer for their five stores. Eventually, we were able to buy them almost a year to get the business sold and keep them out of jail!. Now, they happily eased into their retirement.

Sometimes people come to us too late in the process and give us no time to negotiate a settlement or workout. Recently, a restaurant owner came to us two days before the Indiana Department of Revenue was going to close her business. We suggested the Chapter 13 payment plan for her, in which we were able to spread her payments for over five years, allowing the business to remain open.

We also had success with challenging property tax assessments. Recently, we’ve  settled taxes on a commercial building for a five-year period, which gave my client a refund of tens of thousands of dollars. 

We also help businesses and individuals with IRS negotiations and Offer in Compromise.

Note: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Get Relief From Medical Debt

Medical expenses can ruin your peace of mind and burn a huge hole in your pocket. To add to it, the medical providers also refuse to disclose the cost at the time of service and you finally end up paying more. 

A lawsuit can be filed to recover the amount. To avoid lawsuit and such legal situations, call Mike Norris Law Offices to sort out these legal hurdles. 

Clear Out Your Credit Card Debt

Credit card debt can be exhausting to deal with. No matter how convenient a credit can be, it can create a problem if you don’t pay on time. 

Interest rates can go overboard, the more you don’t follow the pay schedule. If a payment is late, the lender can recalculate the interest at 21%. Call Mike Norris Law Offices to evaluate your credit card debt as a percentage of your income.

We will advise you on how sensibly you can deal with your credit card debt. After a proper review, our lawyers could recommend debt settlement or perhaps bankruptcy is a better option for your situation. 

Factors We Consider During Evaluation

• Your age and health
• Prospects for an increase or decrease in your income
• Spouses contribution, their pay rate, and their health
• The number of dependents you have and how long they would need your support

Note: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Relieve Yourself From Overwhelming Debt

Call us today (317) 266-8888

Learn More About Mike Norris Law Offices

Debt Settlement Assistance

It is common for people to accumulate debt over the years through credit cards with high interest rates, personal loans during difficult financial times, and medical bills when health problems happen. Many people find that they are in a significant amount of debt for these reasons and they simply do not know how to pay it off in a reasonable amount of time. The traditional means of making payments may not work for some people in this situation due to their current financial problems.

Indianapolis debt settlement attorneys can help people who meet certain criteria. In many cases, a person who is seeking help with their debt has had reduced income or a job loss which makes it very difficult to pay off debts on a schedule that was established when they had higher income. This financial strain can show the company holding the debt that it is unlikely they will be paid without some kind of settlement or intervention. Those who have steady income, and no recent financial strains can have more difficulty persuading the company holding the debt that they are unable to make their payments under the prior agreement.

The type of debt that a person has can also make a significant difference regarding whether debt settlement is available. Debts tied to mortgages, car loans, and other types of secured debt generally cannot be settled, as the holder of the debt has the right to repossess property if they are not paid. However, things like credit cards, medical debt, and personal loans are generally eligible for debt settlement services. If you are interested in speaking with a debt settlement attorney in Indianapolis, be prepared to explain all of the types of debt that you have.

If the person who needs debt relief has not reached adulthood, they will need a parent or legal guardian to act on their behalf during the debt relief process.

The person holding the debt will also need to be ready and willing to work with their Indianapolis debt relief lawyer and any others involved in the process to reach a favorable settlement and best possible result. This can include providing all of the relevant information and updates while seeking help. Constant and regular communication with debt relief lawyers in Indianapolis at Mike Norris Law Offices is always recommended.

Debt Settlement Can be Done For:

In several cases, the debt is often settled at half of the original amount or less. Some examples of debt that can be negotiated and settled are:

•   Loans on equipment

•   Credit card loans and debts

•   Medical bills

•   Judgments

•   State and federal taxes

•   Second mortgages

•   SBA Loans

Count On Us For Your Debt Settlement

Settling debts is an alternative to bankruptcy for many small businesses and individuals. In a debt settlement, an agreement will be made, so that you can pay off the debt at a lower amount than what is owed. In most cases, these agreements include the waiving of interest, late fees, and penalties. Sometimes, creditors will also take less on the principal balance.

Negotiations By Debt Settlement Attorneys In Indianapolis

In order for debt to be settled at a lesser amount than what the person initially owed, skilled negotiation by a lawyer is generally required. Legal professionals who are experienced in these matters can often negotiate a deal that works well for their client and is acceptable to the company holding the debt as well. Once a successful settlement is reached, the debt is paid based on the terms of the settlement, which normally includes a much lower total amount.

Like other legal cases, debt settlement lawyers in Indianapolis are prepared to represent their clients in court when necessary. This is done to defend their interests and seek favorable outcomes, especially when out of court negotiations and settlement talks have not resolved the situation. If the company has sued you to collect a debt already, the lawyer may represent you in court as well.

Additional Advice About Debt Relief Is Available

Call 317-266-8888 to set up a consultation. The Indianapolis debt settlement attorneys at Mike Norris Law Offices can handle your creditors and negotiate with them for a debt settlement. Call us today!

Note: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.