veryfeeds
Browsing Category

Bankruptcy & consumer credit : Law & Legal & Attorney

City Charter Requirements

In most cases, city governments are formed with the adoption of a charter by their people.city #2 image by krynio from Fotolia.comGenerally speaking, a city charter is a governing document that forms a city or town government. It lays out the basic structure of the government, much as a...

Bankruptcy Options

There are two bankruptcy options for individuals who are overwhelmed by their debt obligations and unable to pay them as agreed. The United States Bankruptcy Courts, a branch of the federal government with locations in all states, allows people to file for debt forgiveness or restructuring depending

When Does the Bank Take Possession of a Home in Bankruptcy?

Filing bankruptcy drastically prolongs the time it takes for a mortgage company to take possession of a home. The length of time it takes depends on what chapter of the code the bankruptcy is filed under, the debtor’s intention in regard to the property and whether the foreclosure process has

Qualifications for Bankruptcy in California

For the most part, the bankruptcy code is uniform across the country. Certain elements depend on local standards, particularly the qualifications for filing. Individuals can file for bankruptcy under Chapter 7 or Chapter 13. Bankruptcy liquidation, which occurs under Chapter 7, has a strict means te

Tips for Finding the Perfect Bankruptcy Attorney

Filing for bankruptcy can be a daunting process, but it doesn't have to be one that you face alone. Trusting the expertise of a bankruptcy attorney can help you navigate legal complications a

How to Repay Personal Debt in Bankruptcy

Facing ever-mounting financial challenges can lead you to the door of bankruptcy court. If you believe that bankruptcy is the most appropriate course for you to take in regard to dealing with your debts, you need to determine what type of bankruptcy makes the most sense for you. Under a Chapter 7 ba

Involuntary Bankruptcy Laws

Learn the rules for involuntary bankruptcybankruptcy 2 image by Sorin Alb from Fotolia.comBankruptcy is the legal admission that the business cannot pay back its debts and must be put through court in order for the creditors to collect money they are owed. Most businesses try to avoid...

Facts About Chapter 13 Bankruptcy

Chapter 13 bankruptcy is the process of reorganizing debts that have been acquired by an individual. It allows the debtor to receive assistance through the court with creating a repayment plan to creditors over a period of time. Debtors must have enough disposable income available to them to be able

How to Open a Panama Corporation

If you establish a corporation under the laws of a U.S. state, the IRS will tax the corporation on its worldwide income unless it qualifies for "S corporation" status (domestic international sales corporations do not qualify). If you establish a corporation under Panamanian law, Panama will tax only

How to Do a Chapter 13 Dismissal

When filing Chapter 13 bankruptcy, you agree to pay the debt owed over a set time period, generally two years to five years as stated by the U.S. Bankruptcy Code. The code also controls the amount of the payments required in the Chapter 13. In some instances, depending on your situation, dismissing

How to Change a Member on a LLC in WI

An LLC (Limited Liability Company) is an entity that allows business owners to suffer limited liability for the business debts or obligations such as lawsuits. The business profits and losses are shared with the owners, as in a normal business partnership. An LLC is created by filing a document with

How to Find Out the Case Number of an Adoption Proceeding

Even in cases where the birth parents are completely willing and cooperative, the red tape involved in adopting a child can make the process agonizing. From hiring a lawyer to filing out paperwork and even, sometimes, appearing in court, successful adoption requires sound legal maneuvering. As is tr

Insolvency Verses Bankruptcy

Many people confuse the terms "bankruptcy" and "insolvency". A person files for bankruptcy when they are insolvent. A person that is insolvent does not necessarily have to file for bankruptcy. The delicate balance between insolvency and bankruptcy can be difficult to understand.

Reasons for a Letter of Intent

A letter of intent defines the terms to a forthcoming agreement.Ryan McVay/Photodisc/Getty ImagesA letter of intent, also known as an LOI, is a short letter outlining a potential agreement between two parties. This letter commonly states the initial terms of an agreement, and it is...

What Is a Statement of Incorporation?

Any new business or organization must go through all the proper channels to establish the entity before doing any business. A statement of incorporation, also known as articles of incorporation, is a required legal document a business or organization must file to register within a state. Although th