Not all bankruptcy laws are created equal. While the United States Bankruptcy code is a federal law, the federal government grants each of the 50 states the ability to deviate from the code with its own set of laws. Therefore, bankruptcy laws vary from state to state on a limited basis. Specific, these laws revolved around the issues of exempt assets in bankruptcy proceedings.
Latest Bankruptcy News
Image via Wikipedia The following are recent bankruptcy articles from around the blogosphere to help keep ...
Running a Bankruptcy Law Firm – 7 Tasks a Bankruptcy Lawyer Can Outsource Right Now
Outsourcing and the use of virtual bankruptcy assistants is a hot topic these days, as bankruptcy lawyers looking to manage their practices more efficiently struggle with maintaining profitability in the face of the burdensome requirements of the Bankruptcy Code.
9 Reasons Every Solo Professional Needs a Virtual Assistant
The following is a very insightful article from Vickie Perry Barker of Full Service Support. In case you have not heard, the virtual assistance industry is exploding, growing by leaps and bounds. Virtual assistants (VAs) are partnering with solo attorneys, solo entrepreneurs, and small business owners to assist with virtual paralegal, administrative, internet ...
Bankruptcy Dismissal and Your Options
If you think it is easy to declare bankruptcy, you may have to think again. Filing bankruptcy is not as easy as it used to be. With the new bankruptcy laws it is not so easy for individuals to ...
Explaining a Bankruptcy Discharge
When a person files for bankruptcy, he or she is attempting to be released from certain debts owed to creditors. If a debtor is granted a discharge he or she is no longer personally liable for or legally required to pay the discharged debts. This mean that creditors are prohibited from taking any further ...
Working With a Virtual Legal Assistant – Effective Communication Tactics
Legal process outsourcing can be a huge help for your practice, especially if you are neck-deep in clients and foundering. Even just one Virtual Assistant or VA doing work for you can turn the tide. Assistants are great because you can leave the tedious tasks like filling out forms and compiling documents to them, ...
Small Business Lender Files For Bankruptcy
CIT Group, a nation's leading lender to small businesses, has filed for Chapter 11 bankruptcy protection. The bankruptcy was expected, since the company was struggling for months to avoid it, and came very close to declaring Chapter 11 bankruptcy in July 2009 after the Treasury rejected the CIT's request for additional bailout money, but ...
Virtual Assistants For Bankruptcy Lawyers – 7 Signs to Know If Outsourcing is Right For You
To have a virtual bankruptcy assistant for you or your firm depending on several factors. Over the past few years outsourcing work has gained a lot of ground and popularity because of the efficiency that comes with it. Although outsourcing is not for everyone and there are many dangerous pitfalls involved with outsourcing negotiations, depending ...
Removing Judgment Liens in Bankruptcy
A major source of confusion among people who file for bankruptcy is whether debts on which there is a judgment or lien can be removed (discharged) in a bankruptcy case. Whether a debt is dischargeable or not depends on the type ...