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Bankruptcy & consumer credit : Law & Legal & Attorney
How to File Chapter 7 in Georgia
In Georgia, debtors who fail to pay off all of their debts are given the option to file for Chapter 7 bankruptcy. Provided the court grants your petition and you can prove that your income does not allow you to make consistent payments, you will be eligible for debt relief. You may want to enlist th
Battling the Recession with Bankruptcy
The recession has left many citizens at a financial disadvantage, and oftentimes and overwhelming amount of debt. If this is the case, bankruptcy may be your chance for recovery.
Is the Parent Company Liable When an LLC Is Sued?
A parent company is generally described as the company that owns or controls subsidiaries through the ownership of voting shares. A parent company may also be called a holding company. A limited liability company (LLC) is a business entity permitted by state law. In some respects an LLC is like a pa
Some Great Sources to Look Into When Finding a Reliable Bankruptcy Attorney to Hire
This article will give you some great tips on how to find a bankruptcy attorney for your company or simply for yourself. The reason why it is so important to find a lawyer that is well reputed and competent enough is because the legality involved in filing for bankruptcy is so complicated that you c
Choose the Right Riverside Bankruptcy Attorney to Guide You Through a Stressful Time
Riverside County residents were among the more than 27,000 people who filed for bankruptcy in the third quarter of 2009 in the Central District of California (Riverside's bankruptcy court). That's nearly 11,000 people more than filed for bankruptcy within the Central District in all of 200
Income Tax Refunds in a Chapter 13 Case
This article is a summary of Chapter 13 bankruptcy and how it pertains to your income tax. It also discusses the differences in the matter between chapter 7 and chapter 13 cases.
Coping with Creditors and Debt Collectors after Personal Bankruptcy
Choosing to file for bankruptcy is an enormous decision. Of course, bankruptcy can enable you to have a new lease on your monetary future, but it could also wreck havoc on your credit report. Thus, it
Different Expertises of Orlando Florida Lawyers
If you are older than fifty, you may be surprised to learn that Orlando Florida lawyers are so specialized today that some of them take on only very narrow fields of expertise. For example, there are
Bankruptcy Priority Vs. Nonpriority
Priority is an important concept in bankruptcy proceedings, both Chapter 7 and Chapter 13. In many bankruptcy cases, a creditor with priority will receive full payment on the outstanding debt, while a creditor without priority will receive only partial payment or no payment at all. Many types of deb
How to Form a Corporation in Pennsylvania
The Pennsylvania Department of State offers online and local services for businesses wanting to incorporate a business name. While the incorporation process is straightforward, some variations (i.e. license requirements) exist; verify the specific licensing requirements for your industry with the De
Can My Car Get Repossessed if the Cosigner Files Bankruptcy?
Your cosigner’s bankruptcy doesn't have to result in repossession, but it may, especially if the payments on the car note aren’t current. Most states allow creditors to enter your property and take your vehicle without notice if you default on the loan. Whether a signer’s bankruptc
Federal Anti-Hoarding Law
Federal anti-hoarding laws have nothing to do with regulating people who display compulsive junk-collecting habits. Within the United States, these laws take effect under martial law so as to ensure citizens may access food in the occurrence of a catastrophic event.
5 Bankruptcy Myths You Need To Know
Bankruptcy, that word which seemingly spells doom and gloom for many, carries a few harsh truths and forces one to make lifestyle changes. But contrary to popular belief, it doesn't signify t
Declaring Yourself Bankrupt … Made Simple
A lot of debtors find bankruptcy as the final solution to settle their debt issues. Though declaring bankrupt has many impacts on the credit score and financial status of the debtor, it can solve thei
What Is a Derivative Action?
When a shareholder brings a lawsuit on behalf of a corporation against a third party, it is called a derivative suit. The shareholder is not bringing the lawsuit individually but in a representative capacity. The real party in interest is always the corporation.
Chapter 13 Bankruptcy Problems
Chapter 13 bankruptcy is a chapter of the U.S. Bankruptcy Code that allows an individual with regular income to keep his or her property and pay his or her debts in three to five years. It is also known as the wage earner's plan. The monthly income of the debtor, the person filing for bankruptcy, de
How to File Bankruptcy Separately
There are two types of personal bankruptcy, a Chapter 7 complete liquidation of assets or a Chapter 13 repayment bankruptcy plan. Both types of personal bankruptcy allow married debtors to file jointly or separately. Each type of bankruptcy creates a bankruptcy plan that allows the debtor or debto
Small Business Bankruptcy Information
Small businesses in financial trouble have two choices under the U.S. Bankruptcy Code, according to the United States Courts website. They can liquidate their assets and use the proceeds to pay off creditors or reorganize and pay the creditors over time.
California Corporate License Laws
The California Secretary of State's office handles the licensing of corporations in the state. Incorporators must follow a strict set of rules for the Secretary of State to grant a license. The name and number of directors of a corporation, who may file to incorporate and the cost of a...
Use Discretion When Reaffirming Debts in Bankruptcy
Debtors have three options with respect to collateral in chapter 7 bankruptcy. Debtors can surrender the collateral back to the creditor without further obligation, redeem the collateral by paying the creditor the market value of the asset, or keep the collateral by agreeing to continue making payme