Bankruptcy law requires all debtors to fully disclose all of their assets, debts, income and expenses. You must also file a list of all of your creditors, including any family members or friends that have borrowed money from you. It is crucial to list all of the parties that you owe money to in your […]
You are probably aware that the primary downside to filing for bankruptcy protection is that it negatively impacts your credit score. However, how long your bankruptcy remains on your credit report depends on whether you file a Chapter 7 or Chapter 13 case. Chapter 7 When you file a Chapter 7, the bankruptcy notation […]
If you are past due on your bills, you are probably being harassed by debt collectors. You are probably aware that the law prohibits collectors from using certain harassing and abusive tactics to collect debts. One of the most common ways that collectors violate the law occurs when they contact a debtor on his or […]
If you are considering filing a Chapter 13 bankruptcy, you will need to submit a plan of repayment for the court to approve. The Chapter 13 plan outlines how your creditors will be paid over a period of three to five years. Once the court has confirmed or approved your plan, you will make monthly […]
When you think of bullying, you probably think of school kids on the playground. However, bullying in the workplace occurs every day. If you are an employer, you cannot ignore it or assume it isn’t occurring because nobody has reported it. You must take action to prevent and eliminate workplace bullying. If an employer fails […]
If you are facing collection lawsuits, filing a Chapter 7 or Chapter 13 bankruptcy can be an effective way to halt the lawsuit from proceeding. However, there are certain types of lawsuits that are not halted by a personal bankruptcy filing. Generally speaking, a suit that is seeking the recovery of money is stopped when […]
The drafters of the bankruptcy laws were wise enough to realize that humans make mistakes. As a result, if you realize after your discharge order has been entered that an error was made in your bankruptcy case, it may be possible to reopen your case to fix the mistake. It should be noted that it […]
Many lawsuits involve a variety of different claims. In fact, most plaintiffs allege anything and everything they can in the hopes that at least one claim will be successful. In the business world, it is common for a plaintiff to allege that fraud occurred when the claim is really a simple breach of contract allegation. […]
There are a variety of different legal entities to choose from when you are starting a business. The limited partnership (LP) is an important entity to consider if you want to have partners, but you want to be protected from liability. The LP is typically used by businesses that want to work with a partner […]
When you file a bankruptcy case, you obtain the benefit of the automatic stay. If you file a Chapter 13 bankruptcy, you are also given the “co-debtor stay.” The automatic stay prevents creditors from taking collection actions against you, while the co-debtor stay prevents collection against your family, friends or others who co-signed loans with […]
