Do I Need a Business Attorney?

In today’s complex world of business, having an attorney look out for your company’s best interests could prove worthwhile. A lack of knowledge concerning business laws and policies may leave you and your company vulnerable to significant liabilities. Consulting with a business attorney can help you avoid potential legal problems, stay up to date on case law changes, and review and/or prepare legal contracts, among other things. Whether you are considering a partnership, forming a limited liability company (LLC), or establishing a corporation, you may find Real World Law, PC very beneficial. Real World Law can save you time, energy, …

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Are you eligible for Chapter 13 Bankruptcy?

What is Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is often referred to as a bankruptcy repayment plan. This type of bankruptcy enables wage earning individuals to propose a three to five year plan to repay their creditors. After the repayment plan commences, creditors are forbidden from pursuing other collection efforts against debtors. Chapter 13 is similar to a loan consolidation plan in that one payment is made to the bankruptcy trustee each month, and that payment is then distributed to the creditors. One advantage of Chapter 13 bankruptcy is that it allows individuals to restructure their secured debts over the …

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Chapter 7 Bankruptcy

If you are looking to wipe out all of your debt and have a fresh start, Chapter 7 may be the best option for you. Of all the types of bankruptcies Chapter 7 is the most all-encompassing, because it covers not only individuals, but also corporations, partnerships and sole proprietorships. It is also the most expedient bankruptcy process of them all. How Does Chapter 7 Work? Chapter 7 proceedings commence upon the filing of a petition. A bankruptcy trustee is then appointed by court to gather and liquidate all of the debtor’s non-exempt property, the proceeds of which are used …

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