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 so popular is because the debtor’s assets are sold to provide access to instant cash for the bankruptcy trustee to pay as much of the debts to the creditors.

Chapter 11 is commonly used by corporate businesses, however in some instances can be used by individuals. This involves the business owner keep control the running of the business but must sell it assets to pays it’s creditors. Once the business has sold their assets it must then reorganize the business to start a fresh. All rights and interest that the owner had with the original business now cease to exist and must form new ones.

Chapter 12 is exclusively for family farmers who are still running their business but are unable to meet their debts with the annual income that is coming in to the business. Family farmers are affectively requesting relief from the courts on the enormous debts that the business normally has.

Chapter 13 provides for individuals that do not meet the means test of Chapter 7, but who are still struggling financially. The individual is normally still working or has some sort of income, which they can use to repay some of their debt. A repayment plan will be drawn up to show how much they will pay on a monthly basis and for how long.

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 individual who wants to reorganize debts
Chapter 12 Bankruptcy – for family farmers and family fisherman
Chapter 13 Bankruptcy – for people who are unable to use chapter 7 and who must reorganize their debt with a repayment plan
Chapter 15 Bankruptcy – for international cases

It can be as easy as filing legal bankruptcy online by using affordable legal document providers. They will arrange to not only complete the forms for you but they will also submit your bankruptcy forms in to the relevant bankruptcy courts.

You will need to gather a number of documents before you can file for bankruptcy the first being your certificate showing you have carried credit counseling in the last 180 days prior to the date of bankruptcy filing. You also need to show your federal tax return as it is not always to possible to get rid of this debt. Lastly your wage slips for the last 60days if you have been working.

As I have said before you are able to file without attorney bankruptcy and this can be done by even using downloadable forms. However you can use bankruptcy attorney experience with out the attorney prices. Click here to find out more Legal Documents @ Lawyer-Free Prices

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 both parties and if you can agree on most things you can wrap it up quite quickly and pain free.

You can also use online legal document providers that will draft the document for you and even file it in to court for you, and some of them have attorney experience.  This way you get the best of both worlds you have documents drafted professionally but at lawyer free prices.

Find out more from our divorce category.

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 it is difficult for someone to successfully invalidate the whole will.

Undue Influence, is when the person making the will has been forced to make a will, which does not convey his or her own free will.

Sound mind, the court only require that the testator knows that he has assets and wishes them to distributed to his/her family members. However, if it can be established that you were not aware of the extent or the nature of the document you were signing then the will is invalid.

Signature forged, speak for itself, someone else claiming to be you signed the will.

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 partners and discuss what your business expectations are and what you hope to achieve. This will not only give you an idea of what each others expectations are but it can reveal any points that there maybe of possible conflict and deal with them before you even form your partnership.

You do not have to spend extortionate amounts of money to have a partnership agreement drawn up. If you and your partners can come together and note down those matters that are important to you and what you have agreed you can have it drafted easily by online legal document drafters at a fraction of the cost.

Well its relatively simple compared to a Corporation, as you do not have to hold formal meeting for the directors and the shareholders or take minutes. However, a partnership relies heavily on what was agreed in the Partnership Agreement. Therefore, the partners may prepare minutes and agree to have regular meetings for the smooth running of their business.

As is required for a Corporation an LLP is not required to report its accounts, which is open to public inspection. This is usually a great relief to the small as it maintains business privacy.

Well it is usual for most people to instruct an attorney when setting up a new business, it can be daunting and a stressful time dealing with the paperwork involved with forming a corporation, hiring an attorney does alleviate this part for you.

However the actual process of incorporation does not require you to hire an attorney.
There is another option you can choose, which is to complete the documents yourself, now you can get them from a variety of sources for example; stationers or corporate service companies. This saves on costly attorney fees at a time when you require your cash flow for your business.

However, there is a half way house, you can get legal documents online which are completed by a company that have attorney experience but at a fraction of the cost.

The way an online legal document company works is they will ask you a series of questions and will contact you by phone to have a consultation with you. To incorporate a business you need to have a clear idea of what terms you want your business to abide by and the parameters of your want the members.

Articles of Incorporation are a set of terms for the business concerning the name, members who will be in charge of the day to day running of the corporation, how many (if any) stocks will be issued and possibly what reason the corporation was formed.

Some of the online legal document business will draft your first Board of Directors minutes and resolutions, which will guide you through your first meeting as a director of a corporation.

Keep the invoice for this expense as it is tax deductible.

In most states, a will is unable to disinherit a spouse. The spouse has the right to claim a share of the estate, which must be done through court. She must file a claim into court and confirm that she is due a share of the estate and the court must then put a hold on the probate of the estate and look to the provisions of the state.

There a few states that are community property states that will not allow a will to disinherit a spouse. The surviving spouse is automatically entitled to half of the assets.

If you are thinking of disinheriting your spouse you must get some legal advise before you put in writing as you want to be sure that these wishes can fulfilled.

In about half of the US states, they still accept “holographic” wills which is a handwritten will that is created and signed by only the testator. You are not required to have the will witnessed, the state only requires basic criteria’s to be met.  But it is important to know that once it comes to probate the courts tend to scrutinize the legitimacy of the will and can interpret the will in their own way if they have ambiguous meaning in the will.

The above is an extreme example, however you do need some advise if you have a lot of assets that you wish to transfer to various loved ones creating trusts etc. You can use a lawyer to do this, who can charge a high fee for dealing with all the matters and advising you on what you are proposing to carry out.

However, if you know what you want to do there is no reason why you cant make comprehensive notes of your assets and how you want each item transferred, you can then have this put into a legal will.

In most states a will must be signed in front of two witnesses and dated. If you can have your will signed in front of a notary public this will speed up probate as the courts are more likely to trust the wills validity.

Unless you have some complex legal issue that must be dealt with in the will then there is no reason why you can’t do the will yourself or you can try online document companies that will draft the will for you and save you the headache.

It is important that you have some guidance, as a will is a document, which you want to get right, as you cannot argue your intentions of the will later.

An LLP has a further advantage over an LLC, in respect of taxes. You will not be subjected to double taxation, in which your business is taxed and then you are also taxed for the profits you take out of the business, in effect being taxed twice. Instead, in a Limited Liability Partnership the profits and losses are passed through to the individual partners who then file there own tax return forms.

However, an LLP still has to file a tax return for the partnership you do not pay any taxes on the profits as this will be dealt with by the individual tax returns.

You can disinherit your children from your will without getting in to, too much complex legal issue.

The way it can be done is by expressly stating in your will that you want to disinherit them. Some people have usually set up some sort of trust fund for their children and therefore do not want to give anything on their death.

There are circumstances when you cannot disinherit your children, when the birth of the child is after the will was drafted. The courts will look to this, as a mistake and that you did not intentionally want to leave out that child.

This type of problem usually occurs where the parent has drafted a will and then has subsequently forgotten to revise the will.

Some states are more stringent on who you can disinherit out of your will if you are the head of the family you are prohibited from drafting a will that excludes either the surviving spouse or a child who is a minor.

If a person dies without a will this is called “Intestate”. The state laws then come into play, which governs what happens to your estate. No body else has control over your property, only the court can distribute your assets.

The court establishes your family and then distributes your estate, usually to your spouse, children, parents, siblings and so on.

Most people have certain items that they want to pass over to certain relatives, friends and charities. That is why it is important to have a will drafted.

You must remember that if you do not make a plan for what you want to happen to your estate the court will do what the state laws provides which may not be what you want. The courts will also make decisions about the care of your children.

Probate under these circumstances becomes incredibly difficult for the family as the court do take their time in dealing with the probate sale, which can span over the course of two – three years. Where the deceased was the only source of income settling the estate becomes a financial burden on the family.

If a will is something you are not comfortable dealing with yourself but do not want to pay the heavy lawyer fees try online legal document.

A Limited Liability Partnership or LLP can be used by most businesses but is commonly used if you are an accountant, architects or lawyer as these types of businesses were not allowed to form Corporations due to the fact that the shareholders have a say in the business which is not ideal in professions that need to be personally licensed. A LLP remains within the control of partners and they are responsible for every aspect of the business.

Also if you want to limit your losses of your business to just your investments you can use an LLP, in the past certain professionals were personally liable for any losses of the business and there was no way of shielding themselves from creditors, when the Uniform Partnership Act came into force it was welcomed by businesses that wanted to protect their personal belongings from the what happened in their business and limit what they lost to their investments.

You need to look to your individual state legislation as to whether your business can be set up as a Limited Liability Partnership, as most some states only allow professional, for example accountants and lawyers/attorneys, to become a Limited Liability Partnership.

Well this can be done in several ways and they tend to be quite stress free.

If you have not had your divorce finalized yet you can request the court to grant an order to revert back to your former or maiden name. This is all you need to show that your name has changed. The court order will allow you to change your name at all the government agencies that require your accurate information.

Even where your divorce has been finalized some states allow you to submit an amendment to your divorce order. This will allow you to change your name through your divorce court order.

You can also change your name through usage, you can prove your name change by showing your old passport or birth certificate with your divorce order this will prove that you propose to revert back to your maiden name. Legally Change Your Name
by clicking here now.

There are significant amount of companies out there that are reputable legal document drafters. Filing for bankruptcy is quite a complex area of law and therefore you should try not to approach the field by yourself if you do not have experience. You can certainly instruct a company to prepare your bankruptcy document for you and then you can choose to either submit them yourself or get the company that drafted the documents to serve them for you.

Check the validity of the company by their experience, if a company has their own lawyer or attorney, you can be a little more at ease as to the accuracy of the documents. There are some companies that will give free bankruptcy evaluations, this will help you to the have a better idea as to what bankruptcy you are going to file for and also ask them to provide you with some testimonials by email. Also they will advise you on your states requirements for preparing the documents and filing.

Check on the reliability of the company and you will not have any problems with the validity of legal documents prepared online for bankruptcy. Many attorneys use these companies to draft legal document for them, as they are quite efficient and this saves them time to carry out other matters.

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