Browsing Category

Bankruptcy & consumer credit : Law & Legal & Attorney

How to Create By-Laws

Bylaws function as the constitution of an organization. They are typically drafted by founders of corporations, although unincorporated associations use them as well. Even though no state requires corporations to create bylaws and most have no provision for filing them with state authorities, bylaws

How to Calculate PTT

Property Transfer Tax must be paid when property is acquired in the Canadian province of British Columbia. PTT applies whether the property is a gift, bought, exchanged or transferred from a corporation to any of its shareholders. Some transactions, however, may be exempt from PTT, such as when a pr

The Service Members Civil Relief Act

The men and women who serve in the United States military take on an incredible responsibility and place themselves willingly in harm's way. This is a noble gesture, and without the work of these service persons, it is very likely that the quality of life that we have come to expect would simpl

Bankruptcy Lawyer, Friend or Foe?

A bankruptcy lawyer can be quite busy these days but can also be your best friend. We are approaching the three year anniversary of the Wall Street melt down where millions of jobs were lost in Middle

Board of Directors Meeting Vs. Shareholder Meeting

The Board of Directors of a corporation manages the corporation on behalf of that corporation's shareholders. As a result, shareholder meetings differ in a number of ways from Board of Directors meetings.

What Happens to Shareholders of a Chapter 11 Bankruptcy?

A Chapter 11 bankruptcy is designed to permit a business the ability to continue functioning, reorganize its operations and restructure its debt. The primary objective of a Chapter 11 bankruptcy is to provide a business the protection it needs to regain a stable and ultimately profitable financial f

You Can Survive After Bankruptcy

Most bankruptcy lawyers encourage you to think of filing for bankruptcy as a fresh start. Your debts are wiped out but you will need to work hard to rebuild your credit! This is a very difficult time

Foreclosure Prevention Specialist

Are you a home owner that is presently facing a foreclose process? A foreclosure prevention specialist may be the solution to your problem. There are lots of so-called of specialists out there who wil

Tenant Due Diligence Checklist

Tenants need to check the property and the agreement prior to choosing to rent a piece of real estate.houses image by Vitezslav Halamka from Fotolia.comBefore moving into a new home or office, there are a few things you will want to take a look at: Each state has set standards and...

California Corporate License Laws

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...

How to File Bankruptcy Separately

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

What Is a Derivative Action?

When a shareholder brings a lawsuit on behalf of a corporation against a third party, it is called a derivative suit. The shareholder is not bringing the lawsuit individually but in a representative capacity. The real party in interest is always the corporation.

5 Bankruptcy Myths You Need To Know

Bankruptcy, that word which seemingly spells doom and gloom for many, carries a few harsh truths and forces one to make lifestyle changes. But contrary to popular belief, it doesn't signify t

Federal Anti-Hoarding Law

Federal anti-hoarding laws have nothing to do with regulating people who display compulsive junk-collecting habits. Within the United States, these laws take effect under martial law so as to ensure citizens may access food in the occurrence of a catastrophic event.

Can My Car Get Repossessed if the Cosigner Files Bankruptcy?

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

Is the Parent Company Liable When an LLC Is Sued?

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

Battling the Recession with Bankruptcy

The recession has left many citizens at a financial disadvantage, and oftentimes and overwhelming amount of debt. If this is the case, bankruptcy may be your chance for recovery.

How to File Chapter 7 in Georgia

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

How to Pay Bankruptcy Attorney Costs

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