Bankruptcy & consumer credit : Law & Legal & Attorney
Two types of bankruptcies are available for individual debtors: Chapter 7 and Chapter 13. Chapter 7 bankruptcy allows liquidation of virtually all consumer debts, while Chapter 13 is a structured debt-repayment plan supervised by the federal court system. Both bankruptcies have their own set of posi
Fingerprints have been used in America to identify criminals since the late 1800s.Fingerprint crop image by Andrew Brown from Fotolia.comEver since 1882, when Gilbert Thompson first used his fingerprints to guard against forgery on a document, America has been using the arch and loop...
Bankruptcy lawyers can be the savior of people who have made the tough decision to file for bankruptcy; employing their services to help oversee the process on your behalf is a sensible move. Whilst filing for bankruptcy requires a little more work and preparation than it did before the changes in l
Limiting you liability is often the primary concern when deciding on which business form to use. By limiting liability an owner can avoid the risks of being personally liable for the firm's debt, contracts and obligations beyond the amount that they personally invested. Moreover, the...
A short sale is a compromise between a lender and a borrower over a mortgage that is not being paid off. Instead of using a foreclosure, the lender agrees to let the borrower sell the house on the open market and use the proceeds to cover the mortgage debt. The lender is deeply involved in this proc
Many people are familiar with the most common categories of debts that may be discharged in Chapter 7 bankruptcy.These include credit card account balances, medical bills, old utility and phone bills,
Entrepreneurs interested in starting a business in Massachusetts can form a limited liability company, or LLC. One reason for starting an LLC is protection against personal liability for an LLC member who is not personally at fault. Additionally, an LLC does not have to pay the corporate income tax
One can do the whole process alone but can also be done through the help of a lawyer. Submission of a petition is also part in filing for bankruptcy. One will be required a standardized form if a lawy
In the recent times, bankruptcy has emerged as a major financial issue. With the economic condition not being in a very good shape, many people are finding themselves caught up in debt traps. While bankruptcy isn't an ideal solution for such financial woes, it can definitely put an end to const
New Jersey Chapter 13 debtors must propose repayment plans.payment image by Valentin Mosichev from Fotolia.comWhether a debtor has elected to file for Chapter 13 bankruptcy over Chapter 7, or had to settle for Chapter 13 following a denial of a Chapter 7 filing because of his income, the...
If your home is in danger of being foreclosed upon, as a homeowner,you can be in one of the most stressful periods of your life.
For some Texans, Texas and bankruptcy are two words that make so much sense. The state supports the federal law that allows citizens to file for insolvency. These two words are indeed reprieve for som
A company could file for Chapter 7 or Chapter 11 bankruptcybankruptcy 2 image by Sorin Alb from Fotolia.comIf you have set up your business as a limited liability company, the law makes a distinction between your personal property and the assets of the company. Creditors of the company...
Declaring bankruptcy is a huge decision to make, made more difficult by the prospect of hiring an attorney for fees you cannot afford. Some lawyers work pro bono, but they often are so backlogged with cases that their wait time can be up to a year. Bankruptcy law can be complex, but if your situatio
Lawyers can start their businesses as sole proprietorships, the most common business structure in the United States. The process of setting up sole proprietorships is very easy; in fact, lawyers who are already working on their own are sold proprietors. It is inexpensive to start sole proprietorship
Learn how, with the help of qualified and experienced legal representation, the process of declaring bankruptcy can become a less daunting task.
Bankruptcy can help people erase massive amounts of debt and get a new start on life. Unfortunately, doing so comes at a cost, including a black mark on your credit. However, it is not difficult to take advantage of the fresh start that bankruptcy affords. Consumers can use various strategies to put
Bankruptcies are a growing concern for many homeowners and businessmen in our lagging economy. Many people are losing homes and livelihoods and finding themselves on the verge of being nearly penniless. People who are facing a bankruptcy and the onslaught of court appearances and paperwork that bank