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Bankruptcy & consumer credit : Law & Legal & Attorney

How to Dissolve a Medical Practice

Dissolving a medical practice is a complex undertaking. Most medical practitioners would want to go their separate ways amicably, but working out the finer details of the dissolution can be challenging. Ending a medical practice involves appropriate arrangements for patients and their records, the l...More...

What Happens to Pensions in Bankruptcy?

A big concern for many people contemplating filing for bankruptcy is the effect this will have on their retirement accounts and pension funds. In general, all federally qualified retirement accounts and pension funds are protected from creditors in both Chapter 7 and Chapter 13 bankruptcies. However...More...

Bankruptcy and Its Common Causes

Learning the different types of bankruptcy is also a must. Individual consumers may file for a Chapter 7 or a Chapter 13 bankruptcy depending on their means of income and businesses could opt to file ...More...

How to File Exempt Earnings With a Chapter 7

In a Chapter 7 bankruptcy case, a debtor allows his property to be sold in exchange for having his debts discharged. The bankruptcy court will not, however, sell any property that the debtor's state deems necessary for the debtor to continue living life as she is accustomed to. The property remains ...More...

Questions You Need to Ask Before Hiring a Bankruptcy Attorney

It is very clear that it is the entire world that is experiencing the problem of bankruptcy and it's not just you; so don't feel like it's the end of the world because it certainly is not if you hire a bankruptcy attorney. When the dark cloud of bankruptcy is wandering above your head...More...

Advantages and Disadvantages of a C Corporation

A C corporation is a type of business entity or business structure and provides an alternative to sole proprietorship, limited liability companies (LLCs), partnerships and S corps. Many major corporations are c corps, although it is possible for any business to become a C corp if it files......More...

What Is a Pre Packaged Bankruptcy?

A prepackaged bankruptcy plan is negotiated with and approved by a company's shareholders and creditors before it is filed, according to the Securities and Exchange Commission (SEC). This type of bankruptcy will always fall under Chapter 11 of the U.S. Bankruptcy Code....More...

Can a Bank Garnish My Bank Account for Debt After I Filed Bankruptcy?

A creditor may sue a debtor and obtain a permission to garnish his bank account to collect the outstanding debt. This may not leave much money for a debtor to live on. If he is struggling to pay his obligations, he may consider filing bankruptcy. Filing for bankruptcy protection stops bank account g...More...

What Is Discharged Under Chapter 11 Bankruptcy?

When filing for Chapter 11 bankruptcy protection, certain debts may be eligible for discharge. This means that a business owner is no longer required to pay her outstanding debt nor can a creditor attempt to collect it....More...

Working With a Chapter 7 Bankruptcy Attorney

Due to our perilous economic times, a great many people have had to seek out bankruptcy protection. This is not necessarily something new. In prior generations, bankruptcy was not uncommon....More...

Bankruptcy Recovery

Declaring bankruptcy is a very emotional event, having to consider what your future will hold based on your current financial situation. Individuals in this situation may have many questions to ask themselves, including wondering what will happen after bankruptcy and how you step on the road to reco...More...

Chapter 13 Procedures

Learn what happens to your money in a Chapter 13 bankruptcy proceeding.Pennies on the Dollar - one dollar bill with pennies. image by Andy Dean from Fotolia.comChapter 13 bankruptcy is a legal remedy available to debtors who have an income source from which to repay their debts, either in......More...

How to Form a Corporation, LLC, or Partnership in Arizona

When you create a limited liability corporation (LLC) you create an entity that is separate from the owner or owners. Therefore, when someone sues an LLC, the personal assets of the owners are protected. LLCs also have certain tax advantages and give owners credibility and privacy, Forming an LLC is...More...

Can I Stop Making Chapter 13 Payments Because of Hardship?

Even the best-laid plans are not always foolproof, and it’s not unheard of for debtors to enter into a Chapter 13 bankruptcy only to have disaster strike. Suddenly, they might find that they’re no longer able to make the required payments. If something occurs that prevents you from keepi...More...

How to Get a Judgment Against You Removed

There are many ways in which you can have a judgment passed against you including failure to pay child support, dental bills or credit card payments. These judgments against you on your credit report can be potentially detrimental because they will show up on your public record. Anyone who has judg...More...

Filing Bankruptcy With a Lawyer - Help You Deal With Complex System

If you are facing financial problems and you are seriously considering filing for bankruptcy, you should speak to a lawyer. Filing for bankruptcy is a complex and time consuming process that can leave you overwhelmed. Some bankruptcy lawyers deal just with businesses and some deal with only individu...More...

How to Negotiate Your Defaulted Student Loan

The consequences for defaulting on a student loan can be overwhelming. Indeed, if you do not make the payments you promised, the consequences can be harsh. According to the Legal Services Web page, after a time ranging from 180 to 330 days, depending on the type of loan you borrowed and the time ra...More...