Chapter 7 Bankruptcy
What is Chapter Seven bankruptcy? This is also known as the straight bankruptcy or liquidation. This is used when you no longer have the capacity to settle your debts from the income you have.
The is a whole variety of reasons why you are unable to the pay your debts the most common being that you have lost your employment, the business is not doing so well, you have recently had to pay high medical bills etc.
Individuals as well as businesses can use chapter 7 bankruptcy and the reason …

A “power of attorney” is a legal instrument, which grants another person the authority to act as your legal representative, and to make binding legal and financial decisions on your behalf.
Types of Powers of Attorney
There are two types of powers of attorney. A “general” power of attorney is unlimited in scope and duration, and permits the named individual to act as your legal representative in relation to financial matters until such time as it is revoked.
A “specific” power of attorney imposes limits upon the named representative, and may restrict the …