Breach of Contract
Legal Malpractice
Bankruptcy/Tax Advice
Confidential
Settlement – $28,000Judge
Court
L.A. Superior Van Nuys
Attorneys
Plaintiff
Defendant
Facts
Defendants represented Plaintiff in bankruptcy proceedings beginning in 1983. Defendants advised Plaintiff certain taxes were dischargeable in bankruptcy; in fact, they were not, resulting in imposition of tax liens on Plaintiff's property and litigation with the IRS over unpaid taxes, penalties and interest.
Settlement Discussions
Plaintiff contended their demand was $57,000 and Defendant's offer was initially $15,000.
Damages
Losses of $40,000 in back taxes, over $30,000 in attorney's fees and $500,000 in lost property value.
#113661
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