Bankruptcy & consumer credit : Law & Legal & Attorney

- Rss

When Does Someone Need a Bankruptcy Attorney?

When Does Someone Need a Bankruptcy Attorney?

Bankruptcy is a sign of the times. The economic downturn has put many people who never dreamed they'd be in the position of needing protection against foreclosure and other financial seizures right into bankruptcy court. Most of those filing for bankruptcy protection have little or no idea of w......[Read More]
Have You Considered Studying Bankruptcy As Your Profession

Have You Considered Studying Bankruptcy As Your Profession

If you have considered law school, or are about to start on the educational path to becoming a lawyer, you may to consider bankruptcy school as part of your education. Bankruptcy claims are at an all-time high these days, and individuals from varying income brackets are choosing bankruptcy as a way ......[Read More]
How to Find Best Bankruptcy Lawyers Online

How to Find Best Bankruptcy Lawyers Online

Have you been considering the option of filing a bankruptcy application in order to mange your financial stress? If yes, then you better reconsider because bankruptcy is the last option you might want to go for. In 2005, the government modified the bankruptcy related rules in order to make it diffic......[Read More]
What Are the New Jersey Chapter 13 Bankruptcy Laws for Selling a Home?

What Are the New Jersey Chapter 13 Bankruptcy Laws for Selling a Home?

Chapter 13 bankrutcy allows for sale of a home to pay off debts.home sweet home image by David Dorner from Fotolia.comUnder Chapter 13 bankruptcy laws, New Jersey residents who find themselves behind in credit payments can reorganize their debts under a court ordered payment plan. Such.........[Read More]
Sources of Income for Chapter 7 Bankruptcy

Sources of Income for Chapter 7 Bankruptcy

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created a means test that all Chapter 7 bankruptcy applicants must undergo. The means test analyzes all of the debtor's income to determine if he is indeed unable to pay back the debts. In Chapter 7 bankruptcy, the debts.........[Read More]
Primary Residence Vs. Pied-A-Terre

Primary Residence Vs. Pied-A-Terre

Work and other commitments sometimes require an individual to spend a good deal of time away from home. In such situations, personal and financial considerations may warrant the establishment of a smaller, secondary home.......[Read More]
How to Claim Bankruptcy

How to Claim Bankruptcy

Claiming bankruptcy is something you shouldn't do unless you absolutely need to. Bankruptcy will stay on your credit report for up to rs and you will find it rather difficult to buy anything based on credit. Claiming bankruptcy will be rather costly, as well. It could cost up to $1700 in court fees ......[Read More]
How to Determine Payment on a Chapter 13 Plan

How to Determine Payment on a Chapter 13 Plan

Contemplating filing for bankruptcy is a complicated process. At the outset you need to determine what type of bankruptcy case makes the most sense for you. A Chapter 7 bankruptcy results in a discharge of most of your debts, eliminating your obligation to certain creditors. Through a Chapter 13 ban......[Read More]
Can I File Bankruptcy Without My Spouse in California in the Process of Modification?

Can I File Bankruptcy Without My Spouse in California in the Process of Modification?

California is a community-property state, which means all debt incurred during the course of a marriage belongs to both parties in the marriage. Thus, if either spouse has financial problems, the other spouse may be liable for them. Couples in serious financial trouble may consider filing bankruptcy......[Read More]
Sales tax and its complications

Sales tax and its complications

Sales tax is related with consumer goods and other services which comes under selling and buying category. It is the major source of revenue for the Government.......[Read More]
Types of Bankruptcy Protection

Types of Bankruptcy Protection

Bankruptcy is a chance to erase all or part of a debt and start anew. According to the HG.org, bankruptcy resolves a hopeless financial situation. It forgives your debts or provides a period of time for financial reorganization. An individual may file for personal bankruptcy and a.........[Read More]
How to Change From a LLC to a Sub S-Corp

How to Change From a LLC to a Sub S-Corp

Once you have made the decision to change your business to a S-Corporation from a Limited Liability Company (LLC), you have completed the hard part. You will be taxed differently as the owner of an S-Corp, and will need to pay yourself a reasonable salary, which can be tricky to figure. There are ......[Read More]
The Economy Is Increasing Demand For A Bankruptcy Attorney

The Economy Is Increasing Demand For A Bankruptcy Attorney

With the extreme downturn in the economy, many more people are filing for bankruptcy. Because of this, the bankruptcy law firms are becoming extremely busy. In some cases, they have more work than they know what to do with.......[Read More]
Japanese Corporation Law

Japanese Corporation Law

The New Company Law abolished the Yugen Gaisha organization type and simplified procedures surrounding corporate establishment in general. This, as well as introducing the LLC and LLP, is intended to encourage the creation of new businesses in Japan.......[Read More]
How to Sell a Vehicle Included in Discharge in a Bankruptcy

How to Sell a Vehicle Included in Discharge in a Bankruptcy

A personal bankruptcy reaches a successful conclusion when the bankruptcy case receives a "discharge" from the bankruptcy court. A discharge means all post-bankruptcy petition debts have been discharged. Depending on which Chapter of personal bankruptcy under the United States Bankruptcy Code you ......[Read More]
Alternatives to Bankruptcy in Canada

Alternatives to Bankruptcy in Canada

The bankruptcy process in Canada can be a lengthy one. It can take at least nine months to be discharged in a bankruptcy case. But there are alternatives for those that carry debt in Canada, including a consumer negotiation option that allows debtors to try and get their creditors to.........[Read More]
Michigan Corporation Law

Michigan Corporation Law

The law governing Michigan corporations is set forth in the Michigan Corporations Act. The Act specifies how a corporation may be formed in Michigan, what rules it must follow during its existence and how a Michigan corporation may be dissolved.......[Read More]
How to Find a Bankruptcy Petition Preparer

How to Find a Bankruptcy Petition Preparer

Electing to pursue a bankruptcy case is a complicated decision. You need to determine what type of bankruptcy is best suited to your financial situation. You must decide whether you should retain an attorney or represent yourself in a bankruptcy case. Indeed, you may elect to engage a bankruptcy pet......[Read More]
What Happens If I Inherit Something After a Discharge for Chapter 7 Bankruptcy?

What Happens If I Inherit Something After a Discharge for Chapter 7 Bankruptcy?

Treatment of an inheritance in a Chapter 7 bankruptcy case depends on when the case was filed and the date you are entitled to receive the inheritance. Even if the discharge was granted, the bankruptcy court must be notified of the inheritance under certain circumstances. Then, it will determine if ......[Read More]
How to Calculate the Value of Assets for a Bankruptcy

How to Calculate the Value of Assets for a Bankruptcy

When you file for bankruptcy you take on the individual responsibility to provide accurate financial numbers to the bankruptcy court. This includes the requirement that you list all of your assets and their estimated fair market value. It is your responsibility to research and estimate fair market v......[Read More]