Filing bankruptcy requires debtors to give a complete and accurate description of their financial situation. This includes documentation of all sources and amounts of income for the previous three to 12 months, depending on the type of income and specific requests by the court trustee. If you provi

To start a nonprofit in Detroit, you must plan carefully to ensure that your organization meets Michigan and federal laws. Get legal help from a nonprofit lawyer to ensure your organization files its paperwork correctly and structures itself efficiently. The American Bar Association website offers i

Corporations are business entities that are legally separate from the owners of the corporation. When a corporation is properly set up and managed, the owners of the corporation can not be held liable for the activities of the corporation. This means the corporation may be sued but its owners may n

If you're facing the bankruptcy process in the near future, then you're obviously concerned about your immediate financial situation. Getting a job after the bankruptcy process isn&a

Deciding to file bankruptcy should be a last resort, if you can avoid doing so you should. It affects your credit status and it stays there for 10 years, it you can avoid that then you should. Once you file you can't take it back so make sure that you know what you are doing before you start.

Chapter 7 bankruptcy is a specific form of bankruptcy that is referred to as liquidation bankruptcy. Basically, it is a fresh financial start.

Breaking a business marketing contract is an unfortunate event to have occur. It often takes place due to disagreements over invoicing, billing and fees. Unfulfilled tasks and deliverables are also a major cause. Total dissatisfaction with the level of service or quality of work provided can become

Private Limited Companies are a form of incorporated business that is used to reduce exposure to debt by the owners. A private limited company (PLC) is not found often in the United States, but is more likely to be found in the United Kingdom. The most similar type of business in the United States i

It is important that you begin to research the idea of bankruptcy long before you need it. Not only should you understand what rights you have with a bankruptcy but you should also research how much m

Many are not 'poor enough' to take advantage of government sponsored programs like Medi-Cal, for example, while others who do have insurance are under-insured for the medical needs they have. A critic

Filing bankruptcy can be a scary and intimidating experience. When you have the aid of a good bankruptcy attorney, it becomes a much more reasonable experience. For many, the idea of filing bankruptcy is a sign that they have given up.

A Limited Liability Company (LLC) is a popular business structure because its members have limited liability for the debts and transactions of the company. An LLC may include individuals, corporations, other LLCs or foreign entities. LLCs provide management flexibility and the benefit of pass-thr

An Ontario incorporation offers businesses in the province many legal and tax advantages if properly structured. The process of incorporation itself is relatively simple, unless the business seeking incorporation has complicating factors, such as foreign control or shareholder issues.

You can remove a second mortgage on a home by filing for Chapter 13 bankruptcy. Under Chapter 13, you will be required to repay creditors in a three or five year repayment plan, but you can "strip off," or remove, a second mortgage if the first mortgage exceeds the value of the property. Under the U

Florida law allows for a generous homestead exemption in bankruptcy.florida beachs image by Photoeyes from Fotolia.comIf you have more money going out than coming in, you may be deep in debt. It is not uncommon for debtors to take a drastic step to stop the draining of money from their...

Dealing with credit card debt in bankruptcy court.three credit cards image by Aleksandr Ugorenkov from Fotolia.comCredit card debt is dealt with in a bankruptcy case pursuant to the provisions of the U.S. Bankruptcy Code. Consumers seek bankruptcy relief in two different ways. A Chapter 7...

Incorporating a business limits the owners' liability for business obligations. Arizona law treats a corporation as a legal person separate from its shareholders. Corporations can own property and enter into contracts. Using a corporation to own a business can also facilitate raising capital, becau

The Bankruptcy Abuse Prevention and Consumer Protection Act became law in 2005. After decades of lobbying, credit card companies convinced legislators that debtors had been routinely abusing the bankruptcy system by having unsecured debts discharged when they had the means to repay their debts. Pri

In order to accommodate various financial states and debt situations, the United States Bankruptcy Code offers different types of bankruptcy that can be more or less advantageous for families, individuals, or corporations. Although often regarded as the most simple, most basic form of bankruptcy, th