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Chapter 7 Bankruptcy Exemptions
Chapter 7 bankruptcy is liquidation bankruptcy. This means the bankruptcy trustee will take control of your assets and sell them off to give the money to your creditors. However, this doesn’t mean you’ll be left out on the street with nothing. There are federal and state exemptions that allow you to keep certain property after […]
Zone of Insolvency: How To Conduct Business When Bankruptcy Is a Looming Possibility
Corporate boards of directors always have complicated business decisions to make. Those decisions become much more complex when the company approaches a “zone of insolvency.” The fiduciary duties of corporate officers and directors change when the company starts running out of money. Even for small businesses facing financial trouble, any creditors may file derivative claims […]
Chapter 13 Bankruptcy Rules
A Chapter 13 bankruptcy is a personal bankruptcy that allows you to repay debts with a structured payment plan. This type of bankruptcy is useful for people who don’t meet the income requirement for filing a Chapter 7 bankruptcy. As is the case with any bankruptcy, there are precise rules that apply to Chapter 13 […]
Juvenile Delinquency
Adolescents are more prone to peer pressure. Evidence-based criminology research shows that children’s brains are not fully developed intellectually or emotionally, meaning they may not appreciate the consequences of their actions. Our juvenile justice system was set up to treat children differently than adults in the criminal system. Juvenile courts are supposed to be rehabilitative, […]
Domestic Violence Criminal Charges
Domestic violence is generally characterized as violent conduct toward a current or former intimate partner, spouse, household member, family member, or child. While domestic abuse is usually a pattern of aggressive and abusive conduct toward another, domestic violence charges can stem from one single incident. Domestic abuse charges have serious criminal and collateral consequences beyond […]
Who Can File Chapter 7 Bankruptcy?
If you’re drowning in credit card debt and struggling to see a way out, Chapter 7 bankruptcy may offer you a path to financial relief. However, it’s crucial to understand the eligibility requirements before pursuing this option. This article will address who can file for Chapter 7 bankruptcy. Consider speaking to an attorney in your area for […]
How To Teach Your Kids About Debt
Teaching children about debt and financial literacy is vital to set your kids up for future success. But it’s not always easy. Providing young adults with the right financial knowledge can keep them out of excessive debt and set them up for a healthy economic life. Often, attorneys can be great resources to consult when […]
How To File for Bankruptcy and Keep Your Car
Cars take us to work, school, stores, and so many other important places. But if you’re considering bankruptcy, you might be worried about losing your car during the bankruptcy process. Bankruptcy law allows cars to be taken and sold under certain circumstances. But bankruptcy rules also include options that make it possible for most people […]
What Happens if a Trustee Misappropriates Funds?
You entrusted someone to care for the property you put in your trust. That person, called a trustee, has a duty to act in the best interest of the trust’s beneficiaries. But what happens when that trustee steals from the trust, violating the trust you put in them? Beneficiaries of a trust can take legal […]
Guidelines for a Letter of Intent for a Special Needs Trust
You finished your child’s special needs trust. So you feel confident that they will be financially secure after you die. But are you sure the person who will care for your child has the information they need? A letter of intent ensures your child’s caregiver knows how to care for them when you’re gone. This […]
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