Professional corporation A professional corporation can be formed to allow licensed professionals to render services in the corporate form. The articles of incorporation are required to contain a heading stating the name of the corporation and that it is a professional corporation. Generally a professional corporation may be incorporated only for the purpose of rendering…
ESTATE TAX Valuation continued: Listed securities: The mean between the day’s highs and lows on the valuation date is used. If the shares are sold ex-dividend, the amount that the estate will receive is used. The valuation of bonds includes the interest to the valuation date. Restrictions to or an impediment to sale can result…
Compassionate Wilkes-Barre, PA bankruptcy Attorney C. Stephen Gurdin Jr. both assists you with your current financial situation, and helps you plan for a better future one, working with you to: Rebuilding Your Credit …Determine if you are eligible for Chapter 7, Chapter 11 or Chapter 13 Bankruptcy Learn what property is exempt Strategize how to…
The automatic stay Upon filing of a bankruptcy certain actions of creditors are automatically stayed from collecting pre-filing claims.. This stay serves two main functions. First, it allows the debtor some breathing space to see if it can reorganize and retain some or all of the assets, continue its business, stop foreclosure, resume mortgage payments….
REAFFIRMING A DEBT Reaffirming a debt means that the debtor agrees to be responsible for a debt that would otherwise be discharged. This procedure most frequently arises when a chapter 7 debtor has a secured vehicle loan. The loan agreement provides that if the debtor files for bankruptcy, that filing is a default and the…
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