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Bankruptcy & consumer credit : Law & Legal & Attorney

Differences Between Chapter 7 & Chapter 13 Bankruptcy

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

Legal Effects of Fingerprint Analysis

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...

The Native American Arts & Crafts Act

The United States established the Indian Arts and Crafts Act to prohibit the sale of arts and crafts items labeled as genuine North American Indian items if the items were not actually made by Indians. Under the act, the Indian has to be a registered member of a state or federal tribe or have certif

The Disadvantages of Limited Liability

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...

Does a Bankruptcy Discharge Help a Short Sale Get Approved?

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

How to Set up an LLC in Massachusetts

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

Finding a bankruptcy lawyer

Bankruptcy is a kind of legal status and not all people can file for it. To know if you are qualified to file for bankruptcy and to understand issues regarding this kind of legal status, a bankruptcy

Information About Filing for Bankruptcy in Arizona

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

Chapter 13 Bankruptcy Laws in New Jersey

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...

Do It Yourself Bankruptcy Kit

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

Can a Lawyer Be a Sole Proprietorship?

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

Life After Bankruptcy Discharge

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

When Facing Bankruptcy, Hire a Lawyer

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

How to File for Bankruptcy After a Lawsuit

After you are successfully sued, you may need to file bankruptcy if you cannot pay the debt. Successful lawsuits can lead to garnishment of your wages. Whether you were sued for a consumer debt such as a credit card or a personal matter, filing bankruptcy will automatically stop the person who sued