Many debts, like credit cards and medical bills, are discharged in Chapter 7 bankruptcy.credit card and hand image by Warren Millar from Fotolia.comChapter 7 bankruptcy has many positive and negative effects for debtors. Initially, the bankruptcy will stop all collection activity from...
Bankruptcy can happen to anyone, anytime and is a situation that is frustrating and often makes one feel vulnerable and insecure. In fact, over 1.6 million last year filed for bankruptcy and it looks like this year there will be many more. But, bankruptcy need not bring you down.
Most people who file bankruptcy have a household income of $50,000 to $100,000 per year. They are stuck in the bankruptcy box. The reason is that if those households make enough money to have protectable assets, but not enough money to survive an unexpected financial hardship.
Significant Changes to the Bankruptcy Code under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA): The Presumption of Abuse and Qualification for Chapter 7 Discharge
Passed in 1985, Bill C-44 is the Canada Business Corporations Act. It is a law that governs the activity of business corporations in Canada, including rules of incorporation, recordkeeping, powers and responsibilities of corporate officers as well as procedures for legal prosecution.
Bankruptcy attorneys provide all levels of support for debtors filing for bankruptcy. A debtor might pay for full-service representation, unbundled services or for a one-time consultation. Fees vary depending on the service provided.
A limited liability company, or LLC, combines the tax benefits of partnership—where taxes rates are based on the individual partners' incomes rather than the company with the limited liability of a corporation—a partner's liability is limited to what he invested into the company. Washing
Falling behind on your house payments can mean the loss of your property under the foreclosure process. It can happen to anyone, especially in these uncertain economic times. Fortunately, the homeowner in Virginia can stop foreclosure proceedings by filing for Bankruptcy relief. And not only can the
When the phone rings, does your blood run cold? Do you fear checking the mail, knowing that there could be more demands for money that you just don't have? Wage garnishments, lawsuits and mor
One of the most common questions people are asking about bankruptcy these days is whether bankruptcy can stop foreclosure. There is no easy answer to that question, and it is something to discuss with
Those individuals who are considering declaring bankruptcy should certainly comprehend the basics of the choice. When you study bankruptcy options and start to understand what bankruptcy is all about,
The Law office of Christopher A. German, LLC provides the finest solutions for filing Chapter 13 Bankruptcy cases in Denver. With the help of team, the company earned immense popularity in the country
Having filed a Chapter 13 bankruptcy case, you need to know about all of the options that are available to you. In many cases, when a person files this type of case the presumption is that she wants to retain possession of her home. However, it is possible for you to surrender a house in Chapter 13.
Chapter 11 bankruptcy protection allows an individual or company to reorganize his debts in an attempt to manage his finances. Considered the most flexible of all the bankruptcy protection chapters, it can be the most expensive to implement due to the complexities of its codes. As the rate of succ
The Uniform Securities Act is a model statute designed to assist each state in the drafting of its securities laws. The goal of the Act is not only to provide guidance to each state so it can deal effectively with securities fraud, but also to foster uniform standards for the registration of securit
Bankruptcy is the last thing on most peoples mind when their struggling to pay their bills. However, there are times when bankruptcy is absolutely necessary. Why wait to late to seek the advice and assistance you need?
Corporate shareholders must vote to allow a business to take certain actions.directional vote sign image by Pix by Marti from Fotolia.comBusiness organizations often require specific people to vote during the company's decision-making process. According to "Black's Law Dictionary," proxy...
Although filing for bankruptcy will be reported to credit agencies, it does afford an opportunity to begin repairing your credit as soon as you receive a discharge of your debt. However, not everyone
As a sole proprietorship, your business is unique from other types of businesses. You don’t have to file legal paperwork to announce that you’re now an entrepreneur; you just have to accept payment for goods or services. If you want separate bank accounts for your business, you’ll
How to protect and distribute the property and assets of someone who died can pose a thorny issue. Under Georgia law, a trust fund often provides reassurance that an individual's family will be cared for after his death. The person who manages the trust fund assets is known as the trustee, and the t