Avoiding Liens? A debtor may avoid a lien that impairs an exemption to which the debtor is entitled if: the lien is created by a judicial proceeding such as a law suit; Or, if the lien arises in connection with a loan other than a loan to purchase the property to which the lien attaches…
As the festive holiday season draws near, it’s vital for individuals to be aware of how your spending habits during this period might impact any ongoing or future bankruptcy proceedings. Bankruptcy laws in the United States are meticulously crafted not only to provide a second chance for those struggling with overwhelming debt and to help…
The estate tax is imposed on the privilege of transferring property by will, or through an estate without a will or by operation of law. The maximum estate tax rate is 40% after 2012. Only large estates are taxed by the Internal Revenue Service (currently estates having a value at the date of death exceeding…
When dealing with legal matters, it is of utmost importance to grasp the nuanced distinction between lawyers and attorneys. This understanding becomes particularly critical when navigating intricate and multifaceted issues such as Chapter 7, Chapter 11, and Chapter 13 bankruptcies. These types of bankruptcies each represent different approaches to debt relief and financial restructuring under…
Are you drowning in a sea of overwhelming debt, feeling like you’re gasping for air with no shore in sight? Don’t let despair pull you under! There’s a beacon of hope waiting to guide you through these treacherous financial waters – the right attorney can be your lifeline to salvation! When relentless debt collectors circle…
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