A Power of Attorney is a unique document that states certain transactions can be carried out by a designated party on behalf of a loved one. Such documentation may be drawn up when a hospitalization occurs or when a person is unable to complete certain tasks. So if you have Power of Attorney for the [...]
Some debtors wonder if they need to continue making payments on their mortgage when bankruptcy is filed. Whether you file Chapter 13 or Chapter 7 bankruptcy and you have intentions on keeping your home, you still need to continue making payments. You should also continue making homeowner's association payment dues. If you stop making either [...]
When a debtor seeks bankruptcy protection by filing either Chapter 7 or Chapter 13 bankruptcy , it includes debt accumulated prior to their filing. This means debt obligations included in the current petition filed was accumulated before the decision to file. Debt incurred after you file your petition is known as post-petition debt. This debt [...]
Employers dread being sued by their employees and many companies take great steps to prevent such events, but other companies don't even bother to take the smallest strides toward protecting themselves from employee lawsuits. The following tips can help you protect yourself from an employee lawsuit. Establish an Employee Handbook Create an employee handbook with [...]
Not all car accidents need to end up in lawsuits. In fact a very small number of them actually go to court and there may be even more that never get reported to either the police or insurance companies. If you're involved in a car accident it's not automatically assumed that you'll soon be involved [...]
There is no question that many people are struggling with their finances and the thought of filing for bankruptcy can be scary. You are not alone, many people feel the same way in tough times. The truth is if you have the support of a responsible attorney you can be best prepared for the hurdles [...]
Debt Limit For Bankruptcy Debtors considering bankruptcy likely will have different amounts of outstanding debt. The type of debt may also vary with some debtors having more unsecured debt, such as medical bills or credit cards , than others. Some debtors believe that if they owe too much money their bankruptcy case may get denied [...]
Bankruptcy offers different exemption systems for debtors who file. In Chapter 13 bankruptcy exemptions may help determine what payment arrangements are created for your repayment plan. In Chapter 7 bankruptcy they can offer protection of assets from creditors. In most cases, the exemptions you are eligible for will depend on the state you reside in. [...]
Completing Your Chapter 13 Bankruptcy Filing Chapter 13 bankruptcy may help you gain control of your finances. The filing is a collaborative effort including your attorney and/or trustee and the debtor. The process may seem tedious with preparation of documents and final reviews of financial information. While your legal representative tends to important responsibilities pertaining [...]
Credit Cards have been around for decades, and the debt that can come along with them can pose real financial challenges. Here's a look at the state of credit card debt and how it's affecting Americans. Call for a free bankruptcy consultation today