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What I Should Know Before Calling a Bankruptcy Attorney

Monday, January 21st, 2013

There are millions of Americans who have a large amount of debt. Many of these individuals are unable to repay their outstanding debt. Many people I speak to each day call me about their financial problems, but have no idea what to expect from a bankruptcy attorney. Most people, by the time they call a lawyer, have at least one pressing problem. Like, for instance, a lawsuit, or a wage deduction summons (garnishment). So you will have that on your mind. You need to gather up any papers you got from the lawsuit. But, don’t stop there. You need to look for your other bills, all of them!

Bankruptcy is a process that involves your whole financial picture. So that means you need to have an idea of which company you pay for each thing you own, or are paying for: Your house- name, amount of mortgage payment each month, and whether that payment includes taxes and/or insurance. Are you up-to-date in the payments on your house? If not, how many months did you miss? Your car(s). Which company do you owe? How much are the payments? And how many months are left (or what is the balance)? Most of the time, people want to keep their house and car(s). Even though you want to keep that thing, you still need to discuss the payments with your attorney. This will be factored into any discussion of a possible bankruptcy case. You also need to have ready: how much you owe the IRS and state taxing authority for income or other kinds of taxes. We also need to discuss this, and many times a bankruptcy filing can help with tax bills. Most of the time, you have to pay them, but bankruptcy can help you get a temporary break or a better payment plan.

Then, you need to remember all of those other pesky bills, like credit cards, and medical bills, that you still owe. Some of the credit cards you may still be paying on each month. Some other ones, you may have forgotten about because you stopped paying a long time ago. Regardless, all are important to tell your attorney about. Even if you want to keep a small account with a department store, or other company, you need to include it, and bring it in. Besides, I’ll run a credit report and all of those bills will show up anyway. If you run a credit report, why do I need to give you any bills? Because, not all bills show up on credit reports. It is up to each creditor to make periodic reports on your payment history. But not all companies do this. For example, most medical bills don’t show up on credit reports. They will show up if you are sued, but, before that, most medical creditors don’t report their bills regularly. So have as many bills as you can find ready to talk about. The purpose of the first call is for you to have an idea of whether the attorney can help you, and, if so, what to bring in so we can review it to see what your options will be. If you are well-prepared for that first call, you’ll be ready to set up a consultation with one of our attorneys.

The Showalter Law Firm, P.A. represents individuals and businesses in Fayetteville and throughout the State of Arkansas in a range of debt relief measures. Whether your situation calls for the filing of a Chapter 7, Chapter 11, Chapter 12, or Chapter 13 bankruptcy, they can help you or your business get out from the burden of overwhelming debt and find a fresh start financially. For details about their work with each of these filings, visit the bankruptcy overview.

A Guide to Corporate Law

Wednesday, October 17th, 2012

Corporate law mainly regulates the formation and operations of business organizations, companies, corporate houses and other commercial practices.The stipulations of corporate law provide that a company has a separate legal identity. A company has its own legal right and legal liabilities that are separate from its members. You may file a legal suit against a company. However, it is not compulsory that the litigation will extend to its owner and shareholders.

Corporate Law: A Good Career Option

A lawyer who specializes in corporate law helps corporate houses with legal processes and corporate dispute resolutions. Further, he helps them in asserting their legal rights and to know their legal liabilities. The industrial boom in India has made corporate law a lucrative career option.

In case you are planning to specialize in corporate law, there are several employment opportunities to consider such as joining a corporate law firm. However, before joining a legal firm, it is essential to confirm about its level of expertise, market reputation, location and size.

Another option that you choose is to commence independent legal practice. Owners of small business enterprises prefer to hire an independent corporate lawyer instead of hiring expensive services of big corporate law firms. Also, you may start your practice by working under an experienced corporate lawyer.

You can also consider joining the legal department of a corporate organization. Several leading corporate organizations hire corporate lawyers for their own legal departments. These firms have there own legal departments to undertake their legal formalities and legal procedures.

However, to pursue a successful career as a corporate lawyer; you should be well versed with company laws, trademark laws, copyright laws, tax and securities laws, and government rules and regulations.

The Law firm Galtung Dysvik MNA is specializing in serving the complete needs of their corporate clients. In addition to providing general business legal services, they focus heavily on offering their clients advice with regard to business development and strategy. In all their consulting they’ll put your companies profitability as their main focus. In addition to Norwegian tax law and corporate law they give advices regarding employment law, real estate law and IT law.

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