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Bankruptcy & consumer credit : Law & Legal & Attorney

Hints and Tips for Filing Chapter 11 Bankruptcy

Many individuals have been exposed to Chapter 7 and even Chapter 13 bankruptcy, but Chapter 11 bankruptcy can also be a possibility that will be very effective for a few consumers. But how can you hav

Vermont Laws for Chapter 7 Bankruptcy

Vermont requires Chapter 7 candidates to attend a counseling session before and after filing bankruptcy.ragged purse image by Oleg Kulakov from Fotolia.comVermont residents who cannot pay their credit cards, loans, medical bills or other obligations may be eligible to pursue forgiveness...

Bankruptcy & the Effect on the Corporate Shareholder

When a corporation files for bankruptcy, it is never good news for the investor. At the best, the shareholder will receive pennies on the dollar for the shares owned; at the worst, the shareholder will receive nothing and will completely lose the investment.

IRS Form 990 Instructions

IRS Form 990 is the Internal Revenue form used by nonprofit and tax exempt organizations in operation in the United States. It is considered to be an informational return that is filed annually. The form is informational only because nonprofits and other tax exempt organizations do not pay taxes--pr

Can You Declare Bankruptcy Against a Small Claim Case?

You can file bankruptcy to wipe out a small-claims lawsuit. To understand how this works, you need to understand two important aspects of the bankruptcy process, which are the automatic stay and the debt discharge. Because of these protections, bankruptcy wipes out a small-claims case before it happ

Bankruptcy Debt: Know What You Should Know

One of the most common types of personal bankruptcy which is filed in Massachusetts is Chapter 7 where you need to surrender your non exempt property to the bankruptcy trustee and in return he liquida

Why Bankruptcy Credit Counseling From a Legal Professional is Important

The situation belonging to the economic climate has lots of people dealing with difficult decisions concerning their own financial affairs. With all the excessive rates of joblessness as well as hopeless perspective in order to obtain new job opportunities, numerous out of work folks are finding the

How Do I Add Another Owner to My LLC?

As your business grows, making changes to the operating agreement within the articles of incorporation may be necessary. One of these changes may be to add a new owner. Before making any changes, hold a board meeting to determine if the owners of the LLC want to welcome a new owner. To make changes

How to File a Chapter 7 Bankruptcy With a Reverse Mortgage

If you are contemplating filing for bankruptcy and maintain a reverse mortgage, you may be wondering how such a legal action will impact your loan and ownership interest. Understanding how to file a Chapter 7 bankruptcy with a reverse mortgage is crucial before you commence such a process.

How Is Preferred Stock Similar to & Different From Common Stock & Debt?

Preferred and common stock represent investors' ownership rights in a corporation, and they carry various rights to exercise control over the corporation. Corporate debt represents a creditor's loan to the corporation, not an ownership interest, and it carries very few rights beyond priority in repa

What Happens After Bankruptcy Discharge?

IntroductionOnce your bankruptcy case is over, you are legally free of your included debt obligations. However, your ability to get credit will be somewhat harmed for 7 to 10 years by the fact that you had to file bankruptcy. The good news is that you now do not owe any credit card debt,...

Define Bankruptcy Fraud

Approximately 1.4 million petitioners filed for bankruptcy in 2009, according to the IRS. With such a high number of people and businesses seeking protection from overwhelming debt, any proportion of fraudulent bankruptcy can do considerable harm to honest petitioners and the general public alike, d

Types of Construction Service Contracts

Construction contracts are used to evaluate the cost of a construction project. They also allocate resources and risk for specific projects to the parties involved in the contract. There is no all-encompassing list of contract types, because there are many hybrid contracts that are used. If you are

Missouri Chapter 7 Bankruptcy Law

Chapter 7 bankruptcy is administered through state courts under the federal legal system, according to the book "How to File for Chapter 7 Bankruptcy." In Missouri, you can petition for bankruptcy in the Eastern District or Western District depending upon your geographic location. You must meet a nu

Discharge in Chapter 7 Bankruptcy

When a Chapter 7 bankruptcy is completed, the court discharges all debt eligible for elimination. The debtor no longer has a legal obligation to pay the creditors of the discharged debt. If some debt remains after the discharge, the debtor is responsible for paying those creditors.

How to Keep Your Vehicle After a Dismissed Bankruptcy

Most bankruptcies are dismissed from the courts because of an error in the filing, statements or required actions, like credit counseling. When something goes wrong with your bankruptcy and the case is dismissed, all your debts go back to their original status. Creditors, including auto lenders, hav

About Forensic Accounting Firms

Forensic accounting firms are companies that provide certified public accountants (CPAs) that have been specially trained in forensic accounting. They are called in when fraud is suspected, to vet a company that is getting ready to be purchased and to perform employee interviews. More and more, fore

The Biblical Origins of Bankruptcy

It's common knowledge that modern society's most basic laws were first codified in the Ten Commandments. What many people might not realize, however, is that even some of our more co