Articles in the Legal Documents FAQs Category
Legal Documents FAQs »
Types of Bankruptcy Chapters?
The Federal Bankruptcy Code provides four types of bankruptcy chapters for filing.
Chapter 7 – Provides for your debts to liquidated
Chapter 11 – Provides for a business to reorganize their debts
Chapter 12 – Provides for Family Farmers with Regular Income
Chapter 13 – Provides for Individuals to reorganize their debts
To file any of these bankruptcy chapters you must first look at your personal of business situation. The most commonly used bankruptcy filing is Chapter 7 bankruptcy as this eliminates the majority of the debts.
The reason why chapter 7 is …
Legal Documents FAQs »
How to file for bankruptcy?
Chapter 7 bankruptcy is the easiest out of all the types of bankruptcy to file. It is becoming increasingly popular for people to carry out their own bankruptcy filings by purchasing do-it-yourself bankruptcy kits.
What are the different types of bankruptcy?
There are a number of bankruptcy chapters that can be used for different types of applicants.
Chapter 7 Bankruptcy – for individuals and/or businesses to liquidate all eligible debts
Chapter 9 Bankruptcy – for a municipality bankruptcy
Chapter 11 Bankruptcy – for a business or in some circumstances for an …
Legal Documents FAQs »
Can I sort out my own divorce using online legal documents?
Yes you can, but you do need to look at the your own situation before you embark on going through a divorce by yourself you need to be aware of your whole situation. If you have had a short marriage, without children and little shared assets, it is relatively easy to deal with a divorce online yourself.
It depends mainly on what you and your spouse can agree on and this is called an uncontested divorce. Divorce can be costly on …
Legal Documents FAQs »
Can someone challenge my will in court?
Yes they can try to challenge your will. But it is extremely difficult to challenge it successfully.
As there are only few reasons why a court would hear a challenge for the will, which is usually that the will is not valid due to the fact that the will was created when the testator was not of sound mind or that the signature is forged or under undue influence.
These reasons can be very hard to prove and if you have had guidance in some form …
Legal Documents FAQs »
Do we need to have a written LLP Agreement?
The answer is no. As the state laws usually implies conditions to a business form that is considered a partnership.
However, is this how you and your partner(s) want your Limited Liability Partnership to be run? Most people choose to have a partnership as they have control and flexibility of their own business. How are you possibly able to do that if you are relying on the statute to guide you on your business decisions?
It is wise to have a meeting with your …
