Chapter 7 Bankruptcy Process

Chapter 7 bankruptcy is also known as liquidation or straight bankruptcy because bankruptcy trustees may liquidate some property in order to pay creditors. Through Chapter 7 bankruptcy, some or all of debt is discharged within a four to six month time span. The process is simpler than Chapter 13 bankruptcy which requires a repayment plan after meeting with a credit counselor approved by the United States Trustee’s office. Chapter 7 still requires meeting with a credit agency but the repayment process is left in the hands of the courts.

A bankruptcy trustee will be court-appointed to handle your debt. Their primary purpose is seeing that the creditors are paid the maximum possible amount. Bankruptcy trustees generally are paid more when they are able to supply creditors with more money. The most common method for trustees to repay creditors is through liquidation of the debtor’s assets that are not exempt.

Debts that will survive bankruptcy include child support and alimony payments and student loans. Student loans may be discharged by the court under strict guidelines however the occurrence is rare. Creditors may also object to a debt being discharged if the debt was incurred illegally, for example by fraud or malicious intent.

According to the website of attorneys Gagnon, Peacock & Vereeke, P.C., the filing process for bankruptcy is highly complex and may be confusing to the majority of individuals seeking to file. Bankruptcy is a complicated legal and financial matter that requires extensive knowledge about the options of bankruptcy. If you or someone you know is considering bankruptcy, contact a bankruptcy lawyer in your area to discuss your specific circumstance. They may be able to help find the best course of action to save you money and hardship.

Read more

Mineral Rights: The Difference Between Selling and Leasing

There is so much of the world that remains undiscovered and there are many secrets within the land that have yet to be unearthed. Thanks to the property laws of the United States, a rarity as these rights are not a common occurrence anywhere else in the world, there is a governing power that protects the legitimate owner of the land, thereby enabling him or her to do with the property as they will. This is inclusive of mineral rights.

Your mineral rights fall within a subset of real estate that is arduous and difficult to explain in a facile manner. But there are ways to utilize and monetize these rights in order to make a profit. As an owner of private property that has potential mineral reserves, you have the right to excavate or mine or do as you please with this property. There are buyers and corporations, however, who deal with this complicated industry and might wish to be involved with a patch of property that you own. Often, they make moves to buy your mineral rights for much, much less than what they are actually worth.

With regard to this, you have the options of selling or leasing your mineral rights. Leasing entails a lot of paperwork involving bonus payments and royalty percentages and lease fees.

If you, however, do not wish to dwell in that industry, the option of selling your mineral rights is on the table. One thing you ought to know about how to sell mineral rights is that one of the benefits of a one-time selling deal is that you wash your hands clean of the whole thing after a direct payment is made. You need not worry about the documentations or logistics that the minerals industry is about as the rights are transferred from one party to another. It is determining the proper value of the property in question that can be difficult to pinpoint as some owners can be scammed out of a better deal for their mineral rights if they are not careful with whom they sell to.

That is why it is the most advisable course of action to contact a specialist of the mineral rights industry to determine what your next step should be.

Read more

When Do You Need A Personal Injury Lawyer?

Not all personal injury claims require the help and representation of a personal injury lawyer, especially if the injuries and claim is minor. However, there are some that would call for a lawyer, and you have to be able to know when you need to hire a personal injury lawyer during the different stages of the claims process. Here are some examples of when would be the most decisive time to hire a lawyer for your personal injury claim.

One reason you need to hire a lawyer if along the way of your claim process you have determined that the claim is too big or if the case has become too complicated to handle on your own. There may be a time where the claims process becomes too legally complicated or technical to be self-represented. You may also require the help of a personal injury lawyer if your injuries have been identified as long-term or permanent according to your doctor. Suffering from a long-term or permanent disability due to the injury can increase the value of the claim, and having a lawyer would assist in maximizing your compensation. Additionally, you might feel that you are inadequate or uncomfortable in handling the case on your own, and hiring a lawyer may be the best option for you to be represented in court. This is especially important if the claim reaches arbitration.

Another reason for hiring a lawyer is when you and the insurance company has reached a deadlock and can’t come to an agreement. This can happen to a number of reasons, the two main reasons being: the insurance company denies liability, or they deny the coverage for the accident. An insurance company may initially deny your injury claim in hopes of you either withdrawing the claim or getting frustrated to the point of giving up and dropping the claim. Likewise, they might also deny coverage and point out that the particular accident is not part or covered by their policy. Your lawyer would then demand a copy of their insurance policy to determine the truth of their claims, and because most provisions can have multiple interpretations, courts often favor for those who have been injured.

One more reason for a personal injury lawyer is when there is the need to argue over a specific legal rule. The involvement of a specific rule can greatly affect the outcome of a claim and could even result to it being denied.

Read more

Get An Attorney For The Best Legal Protection

There are many reasons you may need to hire and work with a lawyer. No matter what the reason, there are some helpful tips you can use during your time with a law professional. The advice that follows will help you when you find yourself in need of a lawyer.

When you truly need a lawyer who specializes in a specific field, choose one. While you may have a lawyer who you trust implicitly, they may not know enough to truly handle your case in a manner which leads to a positive outcome. Ask that lawyer for who they might recommend instead.

Work with your lawyer to figure out the best time to get together with them. Some lawyers are hard to reach as soon as they are hired. Making your expectations known from the start will prevent this problem.

Lawyers are advocates for their clients. A lawyer may not say what you want to hear; however, they work for you and want a positive outcome to your case, says http://www.abelinjurylawyers.com. If you’re not comfortable with certain things, tell them so. While your lawyer is looking out for you, they have other cases too.

If you have any doubts about a lawyer you interview, find someone who makes you feel more confident. That is the case with their costs as well. Do not give your lawyer a blank retainer check with your signature on it. The lawyer you choose should be upfront about their fees and the time they will spend on your case.

As you can see, it’s not too hard to find and deal with a lawyer once you have more knowledge. The tips shared here are a good starting off point. Use what you learned and your time with a lawyer can be time well spent in order to win your case.

Read more

See Here For The Very Best Ideas About Personal Injury

So you are going about your day, when all of the sudden you are injured out of the blue. You might find yourself asking why this happened to you and most of all, who will pay for this? The following article will help you get answers to these questions and more about personal injury. For more information, check out the website of the personal injury lawyers at the Able Law Firm.

When choosing a personal injury attorney, ensure that you are choosing a law office which has an entire department dedicated to personal injury. Meanwhile, it is common for law offices to pursue several different types of cases, it is important to choose an attorney who’s well versed in your niche.

Make sure that you gather all of the information you can from anyone that was involved in your injury. This means that you should get the addresses, names and phone numbers of the party that injured you as well as any witnesses that were on the scene. You should also take note of anything that is said during the time of the accident.

It’s not easy to win this type of case. That means you should only use an experienced lawyer. Find someone that has won several cases in this type of law to ensure that your case is properly handled.

Seek medical attention. If you find yourself injured, see a doctor as soon as possible. In addition to being good health advice, you will need the doctor’s diagnosis and paperwork from your visit as evidence. Make sure you document everything, and keep copies for yourself. Failing to get medical attention after an accident or injury can actually reduce the award amount in a personal injury case.

It can be devastating when you are injured and never even saw it coming. This is why it is so important that you get compensated for this unfortunate event happening to you. Hopefully after reading this article, you now feel more confident about what you should do in the event that you suffer a personal injury.

Read more