Bankruptcy & consumer credit : Law & Legal & Attorney
Becoming incorporated in Michigan is a simple process overseen by the Michigan Department of Energy, Labor and Economic Growth (DELEG). To become a Michigan corporation, an organization must place certain information on file with DELEG and meet all reporting requirements.
The California Secretary of State's office handles the licensing of corporations in the state. Incorporators must follow a strict set of rules for the Secretary of State to grant a license. The name and number of directors of a corporation, who may file to incorporate and the cost of a...
There are two types of personal bankruptcy, a Chapter 7 complete liquidation of assets or a Chapter 13 repayment bankruptcy plan. Both types of personal bankruptcy allow married debtors to file jointly or separately. Each type of bankruptcy creates a bankruptcy plan that allows the debtor or debto
Chapter 13 bankruptcy is a chapter of the U.S. Bankruptcy Code that allows an individual with regular income to keep his or her property and pay his or her debts in three to five years. It is also known as the wage earner's plan. The monthly income of the debtor, the person filing for bankruptcy, de
Your cosigner’s bankruptcy doesn't have to result in repossession, but it may, especially if the payments on the car note aren’t current. Most states allow creditors to enter your property and take your vehicle without notice if you default on the loan. Whether a signer’s bankruptc
The Pennsylvania Department of State offers online and local services for businesses wanting to incorporate a business name. While the incorporation process is straightforward, some variations (i.e. license requirements) exist; verify the specific licensing requirements for your industry with the De
Priority is an important concept in bankruptcy proceedings, both Chapter 7 and Chapter 13. In many bankruptcy cases, a creditor with priority will receive full payment on the outstanding debt, while a creditor without priority will receive only partial payment or no payment at all. Many types of deb
Choosing to file for bankruptcy is an enormous decision. Of course, bankruptcy can enable you to have a new lease on your monetary future, but it could also wreck havoc on your credit report. Thus, it
This article will give you some great tips on how to find a bankruptcy attorney for your company or simply for yourself. The reason why it is so important to find a lawyer that is well reputed and competent enough is because the legality involved in filing for bankruptcy is so complicated that you c
A parent company is generally described as the company that owns or controls subsidiaries through the ownership of voting shares. A parent company may also be called a holding company. A limited liability company (LLC) is a business entity permitted by state law. In some respects an LLC is like a pa
In Georgia, debtors who fail to pay off all of their debts are given the option to file for Chapter 7 bankruptcy. Provided the court grants your petition and you can prove that your income does not allow you to make consistent payments, you will be eligible for debt relief. You may want to enlist th
One of the ways many people are forced to use to get out of debt is to file bankruptcy, but to do so successfully you may need to hire you an attorney so you can ensure all your bases are covered. Obviously if you are facing a bankruptcy you are financially strapped for cash, so how do you cover the
When you are shopping at the mall, or looking for some home entertainment systems, you may have freely used your credit card without regard as to how much you have already purchased in total. When this scenario becomes frequent, you may not notice if you have already accumulated a large purchase wit