Whether we face the reality of a financial crisis or not, sometimes there’s no easy way out. Events can conspire to overwhelm you, and in the end, the only option you may have left is to file bankruptcy. Most bankruptcies in the United States are either Chapter 7 or Chapter 13 and deciding which one is right for you depends on your income, assets, debts and other financial issues.
Chapter 7 bankruptcy is a liquidation bankruptcy that wipes out all general unsecured debts such as medical bills and credit cards. To qualify, you must have little or no disposable income,
Chances are, if you are a business owner, sooner or later, you are going to need the services of a good business law attorney. They can be a key member of your executive team if you run a large multi-million dollar company, or they can be a trusted advisor whom you turn to time to time as needed if you’re a smaller mom and pop operation.A well-rounded business attorney can assist a business owner in many ways
There are so many legal issues that come up during the normal course of business. Even if you are sharp and well
For many people, obtaining a loan modification usually involves working with a loan broker to find the best possible financing deal. However, there are instances when it makes sense to retain the services of an experienced loan modification attorney to walk you through the necessary steps while protecting your financial interests.Why you should consider a loan modification
When a lender modifies a mortgage, they are agreeing to change some aspect of the existing loan. This might include lowering the interest rate, forgiving part of the outstanding principal, extending the length of the loan or changing other possible parameters. The
Every business goes through its ups and downs. Most times you can recover, but sometimes you can’t. There can come a time when you can no longer meet your monthly obligations and you have no other way out, so the worst case scenario of filing for bankruptcy is something you must consider.
If you are a business owner, you have three possible bankruptcy options, each with its own set of pros and cons.Chapter 7 bankruptcy
Chapter 7 is considered a liquidation bankruptcy in which some or all of the business assets are sold to satisfy debts. However, a few
Earnest was very close to his grandmother. While he was in high school, he used to spend many of his afternoons going over to her house and share tea and some stories with her. His memories of her from his early childhood are fond, but a bit vague when compared to those many special moments he shared with her in his adolescence. She listened to him vent about the trivialities from his days in high school and offered him invaluable bits of advice as he continued his journey into adulthood. Sadly, during his sophomore year in college, his weekly phone
Life can be hard sometimes and tough to understand. Sometimes, when things seem to be going just right or when even they feel like they can’t get any worse, life has a way of throwing extremely unexpected and unfortunate circumstances into our laps. In one such circumstance, a loving, happy husband was on his way home to his wife and three children. A careless driver went through a red light and ended up crashing into the man’s car. He wound up in the hospital in a coma. What happened during this tragic experience is a vital lesson in how defining
There comes a time in life when we must all face our demise. It is an unfortunate, yet certain aspect of our reality. Many times before you reach the end of your life cycle, you will have to cope with the untimely and sad loss of many people you know, including family. Many times, when a family loses one of its members, the family seeks the counsel of a probate attorney.
A probate attorney helps the executors or administrators of estates with the probate process. This means that they help the people who were either designated by the deceased, the
Bill’s father, Dale, was a simple man. He did not chase the world’s riches, nor did he frivolously spend and leave his descendants with an enormous debt in his wake. He rented out a humble apartment, lived well within his means, and managed to save up a bit, leaving behind a savings account with a balance of about $27,000. There wasn’t much he left behind other than fond memories and a sense of how to navigate the world with a positive outlook.
Several months had passed by, and the notices continued to come in from his father’s rent payments. Bill
What does your bucket list look like? Do you plan on squirrel suit diving across the face of the Pyrenees? How about a triple backflip base jump off of Niagara Falls? How about an in-line skate journey from coast to coast in America? No matter how ambitious the schedule may be and what excitement you plan on deriving from the big plans on your bucket list, many people often make the mistake of overlooking a crucial task that should be at the top of the list: Preparing your will. Don’t be one of those people!
Let’s face it. Accidents sometimes
Have you already protected your family from instability? By that, we mean: Have you drafted your will yet?
It is understandably not something that is at the top of everyone’s to-do list. How often do we want to think about our own mortality and what will happen once we are gone? Not often, we understand. However, the time is never better than now to prevent your family from one day having to face the sometimes lengthy and costly process of formalizing an affidavit of heirship. Sure, we all don’t want to die, but we know we eventually will. What is