If you're thinking about filing for bankruptcy, it can be helpful to learn about the different types of bankruptcy and what the difference is between them. These frequently asked questions and answers will help you understand the difference between chapter 7 and chapter 13 bankruptcy.
What's the difference between chapter 7 and chapter 13 bankruptcy?
Chapter 7 bankruptcy is a form of bankruptcy wherein the debtor asks the court to forgive his or her debts.
As soon as companies learn about pending commercial litigation, they have to take specific steps to protect themselves. Here are some important questions that should be asked any time e-discovery is involved in a business lawsuit so that any important adjustments can be made to normal business processes.
Is There A Legal Hold?
Sometimes, internal counsel will recommend that the company put a legal hold in place on digital processes. The goal is to preserve digital information for a case.
When you discover that your parent has made out a will, and you disagree with how that will is arranged, there are only so many legal approaches you can take to get the will changed in your favor. The probate process is not an easy one, since the majority of most wills are legal and binding. A probate lawyer, like David R Webb Attorney, can help you determine if your parent's will can be fought, and/or if it is worth fighting at all.
Even though you might have done everything right over the years, there is no way to predict when your company is going to lay you off or an injury is going to take you away from your job. Things happen that are out of your control. While it might be stressful seeing all of the bills piling up with no way to pay them, there is an answer and it is simpler than you think.
Bankruptcy can be a great option for a consumer in financial distress because it allows them to start over with a clean slate. However, bankruptcy is a complicated legal process, and making a single error could invalidate the entire process and force you to start over or even lose the ability to file for bankruptcy. If you've filed for bankruptcy or are considering filing for bankruptcy, be sure to avoid these common missteps.