By jamestanest | Published June 13, 2017 | Posted in Uncategorized |
Declaring bankruptcy may well be your best course of action to get yourself out from under the burden of heavy debt, but it may not be as simple a process as you may have thought. There are some preliminary requirements that you must fulfill before you can file to receive a discharge. First up is Read More
Read MoreQuitting is something that most of us have done at some point in our lives. But the worst thing that can happen to us is when someone quits on us at a crucial time in our lives. Like when you’re planning to move and everyone that says they would show up quits on you before Read More
Read MoreIf you care about having your last wishes carried out, you must have a valid will. Colorado law states that if you die “intestate,” without a will, whatever you leave behind will be distributed among your closest living relatives. Surviving spouses, and children are first on the list, followed by your parents, grandchildren, and so Read More
Read MoreELIMINATION OF THE DEBT: By filing for Chapter 7 bankruptcy and you owe the HOA, you may be able to eliminate that debt. This is most important if you intend to surrender your home or condo in the bankruptcy, but if you intend to keep your home or condominium, you will have to keep paying Read More
Read MoreEstate planning is never fun. No one likes to dwell on the fact that they won’t be around forever, let alone spend time divvying up all of your belongings in the event of your untimely demise. But creating a will is one of the most loving things you can do for those who will undoubtedly Read More
Read MoreThere are many times that we see injustices being done and wonder if there’s anything we can do to help or take action. But the laws tend to be confusing. How are you supposed to be able to decipher the laws in order to figure out what your rights are concerning that matter? You really Read More
Read MoreThe representatives of Parker Lawyers know the Colorado probate laws, and how they can affect a will. The first step of probate is to validate the will, which will be just a formality for your Aurora Co law firm representative. There will then be an inventory of the assets, and a property appraisal done. The Read More
Read MoreChapter 12 is a specific form of bankruptcy for “family farmers.” Under chapter 12, an applicant is asked to formulate, and present a plan of action that will allow him to pay off his debt within a certain time period – commonly, 3-5 years. Chapter 12 is a very specialized branch of bankruptcy, and it Read More
Read MoreThe circumstances of your business will determine the kind of bankruptcy available to you. If you are a corporation, an LLC, or a partnership, you can file chapter 7, or chapter 11. Be aware though, that a trustee appointed to your case can sue the partners on behalf of the creditors, if assets fall short Read More
Read MoreIn corporate bankruptcy cases, individual stockholders are protected from vulnerability, but if you are the sole owner of a small business, be aware that your personal assets may be vulnerable, as well as your business concerns. If you can foresee a successful turnabout for the future of your business, chapter 11 is your best option, Read More
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