bankruptcy

Bankruptcy Limits Increased

by Andy Wilks, FWJ October 8, 2015 Law

As from 1 October 2015 the Insolvency Act 1986 (Amendment) Order 2015 (SI 2015/922 has amended Section 267(4) of the Insolvency Act 1986 such as to increase the bankruptcy level for a creditor’s bankruptcy petition from £750 to £5,000. Accordingly, for undisputed debts less than £5,000 a Statutory Demand will no longer be available to enforce an undisputed debt.  […]

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The Jury Duty Experience

by RyanD December 13, 2013 Business

Jury duty is a part of life that most citizens have to go through. It is a simple way of giving back to the community by serving as a peer to an accused. The selection of jurors is done through a randomized process that draws from the most recent voters list. The jury comes together […]

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Common Misconceptions of Bankruptcy

by RyanD August 29, 2013 Debt Recovery

If you find yourself in a difficult financial position the thought of declaring bankruptcy has probably crossed your mind a few times. It is important to meet with a bankruptcy lawyer to discuss your situation and the possible outcomes if you do file for bankruptcy. There are approximately 1.25 million Americans that declare bankruptcy each […]

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Pro’s and Con’s to Bankruptcy

by ParkmanLawFirm June 20, 2013 Finance

Bankruptcy has the power to wipe away all or most personal and company debt, but it is not without side affects. Bankruptcy will affect your credit score negatively for several years to come. The process is long and complicated but an experienced Birmingham attorney at Parkman & White will help you every step of the […]

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What Property You Could Keep After Bankruptcy

by RyanD April 29, 2013 Law

One of the major concerns people face when declaring bankruptcy is what assets they will be able to keep. While bankruptcy eliminates many problems for debtors giving them a fresh start, it does come at a cost. There are state and federal bankruptcy laws that dictate which property is exempt from creditors and which property […]

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Tips for Making Your Small Business Bankruptcy Proof

by Law Guru April 8, 2013 Business

According to the Small Business Association (SBA), small business bankruptcies increased from 19K in 2006 to 43K in 2008, before the economy crashed. Since small business employs more Americans than any other sector, ways to avoid financial trouble should be of paramount importance in today’s private sector. From general best practice, such as hiring a […]

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Avoid the Legal Mess that is Bankruptcy: Find Cheap Cargo Transportation

by RyanD March 28, 2013 Business

When I first started my business, I fell for a common mistake that many new business owners fall for. I paid way too much for the transportation of my goods to vendors and other outlets. My business almost went under, and I was almost in shambles. All of a sudden I found myself fighting off […]

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Bankruptcy orders and the disqualification of directors

by Criminal Defence Solicitors February 11, 2013 Criminal Law

In this post we’ll take a look at the potential offences that may be committed by a director if they engage in the management of a company when they are under a bankruptcy order. We’ll therefore look at the following elements: When may a director be disqualified from taking part in the management of a […]

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Prevent Bankruptcy From Accumulating Medical Bills

by James Mateta January 6, 2013 Banking and Finance Law

The rising cost of healthcare is making it expensive for regular people to seek out medical services. Even if health insurance has been purchased, many companies will pay for specific services to a certain dollar amount, or about 60 percent of bills, and leave the rest to the patient. Many people may get sick and […]

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Bankruptcy and Divorce

by cummingskelleylaw December 20, 2012 Debt Recovery

(US law and generally) The effect of a bankruptcy filing in the United States on debts owed to an ex-spouse pursuant to a divorce depends upon what chapter of bankruptcy a person files.  Generally speaking, individuals file bankruptcy under either Chapter 7 or Chapter 13 of the Bankruptcy Code.  These two chapters treat divorce debt […]

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Filing for Bankruptcy? You Have Legal Rights!

by RyanD December 3, 2012 Banking and Finance Law

The U.S. Bankruptcy Code provides federal courts with the authority to oversee all bankruptcy cases. To facilitate the process and provide bankruptcy petitioners and creditors with clear guidelines for filing, the Federal Rules of Bankruptcy dictate all the legal rules and contain all official forms. Cases are filed in district courts and overseen by a […]

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Bankruptcy Counseling

by Ingrid Kinsella September 21, 2012 Banking and Finance Law

Over the last several decades, incurring debt and spending more money than you have has become an unfortunate American tradition. People start off putting items on their credit cards and suddenly, a few years down the line they have spent tens or hundreds of thousands of dollars that they cannot pay back. Add car loans, […]

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Considering Bankruptcy? These American Presidents Have Also Filed

by RyanD July 27, 2012 Banking and Finance Law

Credit problems are always a challenge.  At first, you try to get your finances back on track. But that gets more difficult as creditors begin to report late payments and collections. The phone rings from morning until night with collection agents either demanding immediate payment or making you feel guilty about the debt. It’s time […]

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