Natural State Law, PLLC Blog
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- Bankruptcy
- Chapter 11
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- Chapter 7
- Estate Planning
- Personal
- Powers Of Attorney
- Trusts
Do I Qualify For Chapter 7 Bankruptcy?
Qualification for Chapter 7 – known as the “liquidation” option – requires passing a means test and ensuring that to the greatest extent possible, assets are protected by available exemptions.
The Differences Between Chapter 7 and Chapter 11 Bankruptcy for Businesses
There are key differences between Chapter 7 and Chapter 11 when it comes to business bankruptcy. Chapter 7 is known as a “liquidation” option and Chapter 11 attempts to reorganize the business by stabilizing its debts and operating expenses.
What to Know About Special Needs Trusts
A special needs trust (SNT) can be an invaluable planning instrument to set aside financial resources for the ongoing care of a disabled beneficiary. There are specific rules to follow when setting one up so it can be the most effective, and the help of a knowledgeable estate planning attorney is crucial.
Do I Qualify For Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is often referred to as “the liquidation option” as the filing sells your non-exempt/unprotected assets to pay your creditors. This post outlines who can qualify for Chapter 7 bankruptcy.
How to Build an Effective Financial and Healthcare Powers of Attorney Document
An effective estate plan ensures that your wishes are fulfilled regarding assets and property. A well-written estate plan, which would include a will and healthcare/financial powers of attorney, is worth the time and effort. Everyone can benefit from a plan, no matter how many or how few assets they may have.
Why It’s Important to Hire a Bankruptcy Attorney
Having the right bankruptcy attorney on your side is crucial to the success of your case. Going it alone isn’t a wise option as bankruptcy can be a very complicated process. There are all sorts of advantages to hiring an experienced bankruptcy attorney, and this post highlights a few of those.
