General Article

5 Tips to Make Your Bankruptcy Go Smoothly

There are many reasons why someone might need to file for bankruptcy, such as too much debt or a job loss. But before you file, you should know the basics of what to expect from filing-from the initial meeting with the trustee to gather all your debts in one place. Filing for bankruptcy can be a difficult decision, but if you follow these five tips, your bankruptcy will go smoothly.

bankruptcy

1. Make a List of Your Assets and Liabilities

The first step in filing for bankruptcy is to compile a list of all your assets and liabilities. This will help you understand what property and debts you will be able to keep and what will be liquidated to pay off creditors.

2. Hire a Bankruptcy Attorney

While you are not required to have an attorney, bankruptcy can be a complex process and it is in your best interest to have one. A bankruptcy Maryland lawyer can help you understand the bankruptcy process and make sure that all the paperwork is filed correctly.

3. Attend the Creditors’ Meeting

All bankruptcies must include a meeting with creditors, also called the 341 hearing. This is an opportunity for your creditors to ask you questions about your assets and liabilities and to object to your discharge if they believe you are trying to defraud them.

4. File All the Required Paperwork

After your creditors’ meeting, you will need to file a number of documents with the court, including a list of your debts and assets, a schedule of your income and expenses, and proof that you have completed credit counseling.

5. Complete Your Financial Management Course

All bankruptcies must include a financial management course. This course is designed to help you understand how to manage your finances and avoid debt in the future. The course must be completed before your discharge can be granted.

If you have any questions about the process, be sure to speak with a bankruptcy attorney. They can help you understand your rights and options under bankruptcy laws.… Read More

When You Need a Bail Bondsman

Getting arrested is not only traumatic but expensive. Once you’ve been booked and your fingerprints are taken, a judge decides what amount of bail you must pay in order to get out of jail.

bail

Why Courts Set Bails

Setting a bond is the court’s way of ensuring you don’t flee the area but instead return for your trial. The risk of losing thousands of dollars is sufficient motivation for most people to appear rather than try to run.

Unfortunately, most people don’t have the thousands of dollars required to be released from jail. Without those funds, you could be spending weeks or even months behind bars. As a defendant, you have the right to be released so that you can prepare for your trial so long as you don’t pose a threat to anyone else. That’s why you need to contact Dauphin County bail bonds.

Why You Need a Bail Bondsman

Your bail bondsman posts bail on your behalf. Without bail, you might spend months in jail. The bail bondsman promises the court to make sure you will appear for your trial. If you run, the bondsman will hire a bounty hunter to find you and make you go to court.

Why You Need To Help Pay

Just as you need to make a down payment in order to obtain a loan, you’ll need to pay part of the bail yourself. You’re typically required to pay between 10% to 20% of the total bail. You may need to ask friends or relatives or have a loved one sell an asset to raise this money.

When a family member contacts a bail bondsman on your behalf, that family member should have as much information about you as possible, including all of your pertinent information as well as where you work. The bondsman needs all of this information to be able to locate you and make sure you appear at your trial.

How a Bail Bondsman Can Help

Hiring a Bail Bondsman can help you during this difficult time. A bail bondsman will assist with the legal paperwork and ensure your bail runs smoothly. Your bail bondsman knows all of the technical matters involved and can get you out of jail quickly.

Getting arrested for a crime is bad enough, and you don’t want to compound the problem by spending weeks in jail. A bail bondsman gets you out of jail quickly so you can prepare an adequate defense.… Read More

How to Get a Bail Bond for Family or Friend

When a situation arrives when a family member or a friend is arrested, the chances are that the bail bond set to be released from jail is going to be too high for the individual to pay on their own.  In those cases, obtaining a bail bond is inevitable.

bail bond

Steps to Take

The first step to take after getting arrested and discovering the bail that is set is unaffordable is to contact a Lancaster county bail bonds agent.  Give them the information needed, such as the defendant’s full name, location of the jail, booking and report number, the accused charges, and any other information about their arrest that they can gather.

The next step is filling out the paperwork.  It will need to be filled out to secure the bail bond agent’s services. Next, payment will need to be made to the agent, which is usually a percentage of the bail set by the judge. Some form of collateral will also be required.  Once that is done, the bond dealer will meet at jail and post pail for the defendant to be released.  Depending on the business of the prison, posting bail could be a lengthy process.

What to Do Next?

Once the defendant is released, the most crucial thing is to make sure they show up to court when they are expected to meet their bail conditions.  Keep things positive, so the risk of fleeing is lessened.  Check in regularly, so they do not feel lonely and provide distractions to keep them away from potential bad influences.

Keep up communication with the bail bond agent and have a strong knowledge of the details of their case and the possible consequences if they are absent from court. It will also be good to provide information about the defendant as they are likely to be found if they flee.

Being a supportive person when a friend or family member is going through this process is the most crucial point.  It could potentially keep them out of jail for good.… Read More

4 Facts About Workers’ Compensation For Businesses

From minor slips to serious falls, it’s an unfortunate reality that many individuals are injured on the job each year. Workers’ compensation is an insurance program created to cover an employee’s lost wages if a person is injured at work.

workers' compensation

Most United States businesses are required to have workers’ compensation insurance to protect their employees. If you need advice about a claim against your business, an Iowa workers compensation attorney will be able to guide you.

1. Workers’ Compensation Insurance Can Save Your Business.

Insurance is a vital (and often legally required) component of your business plan. Without the right workers’ compensation policy, an injured employee could directly sue your company for damages. As a result, you may be required to pay reparations, including medical bills and lost wages, right from your pocket. These financial losses are often devastating, especially for small businesses.

2. The Policies Usually Cover Fatal Accidents.

Insurance plans aren’t limited to injuries such as broken bones or carpal tunnel. Since fatalities can occur in certain workplaces, most workers’ comp policies also include death benefits.

If an employee dies as a result of a work accident, the insurance policy will kick in to help the employee’s family pay for funeral and burial expenses. In addition, some funds can be used to support dependants if the deceased employee was providing financial support.

3. Coverage Is Required in All but Two States.

Each state has specific laws regarding workers’ compensation insurance. Generally, a business is required to have active insurance when the first employee is hired.

Texas and South Dakota are two states where workers’ compensation insurance is never mandated. Other states require coverage only if a company has more than two, three or four employees. Since the requirements vary by state, it’s important to review your local laws to be sure your business is in compliance.

4. Workers’ Comp Can Pay for Employee Lawsuit Costs, Too.

A workers’ compensation policy will often cover more than just the costs incurred by an injured employee. In most states, the policy also covers attorney fees, settlement costs, judgments and court costs associated with the lawsuit.

However, if you conduct business in North Dakota, Wyoming, Washington or Ohio, your workers’ compensation policy won’t include this employer’s liability coverage. Instead, you’ll have to purchase your policy from a state fund. You could also purchase stop gap coverage to insure your business against employee claims.

Workers’ comp is a critical part of your company’s financial wellbeing. It’s important to know your state laws and coverage requirements to be sure your company is protected in the event of a lawsuit.… Read More

3 Things To Include in a Marital Settlement Agreement

Going through a divorce is a trying time full of raw emotion and often the stress of determining how to separate and decide on marital settlement. For most people, filing for divorce means setting up a settlement agreement. If you are separating, you and your ex-spouse may need to include the following in your agreement.

marital settlement

1. The Division of Assets

The first thing a marital settlement agreement Tampa should do is identify and divide both assets and debts. Assets include houses, vehicles, recreational property, businesses, joint bank accounts, investment portfolios, and so on. Debt includes credit card debt, home loans, auto loans, and any other debt that was taken on as a married couple. The agreement should determine who gets which property, how cash and other assets will be divided, and who is responsible for which debts. Keep in mind that assets earned or debts owed by an individual before marriage will remain that individual’s responsibility.

2. A Parenting Plan

If the divorcing couple has children, the divorce or marital settlement needs to include a parenting plan that details custody and visitation arrangements. When creating this plan, it’s important to understand that physical custody is who the children live with while legal custody is who is responsible for medical and educational decisions for the children. Sole custody used to be the most common, but today, more parents are choosing split or shared custody options. A mediator can talk to the couple to determine which option will best meet the children’s needs.

Child support is typically an important part of this parenting plan on the marital settlement as well. Each state has its own guidelines regarding who needs to pay child support and in what amount. If one parent has sole custody, the other is typically responsible for providing some sort of support. Split or shared custody situations may not require support, depending on how the time is split and what the family feels is best.

3. Alimony Agreement

If one spouse earned much more than the other during a marriage and the couple was married for a specified number of years, then the individual who earns less may receive monthly alimony payments based on the fact of continuing the quality of life they were used to during the marriage. Alimony can be anywhere from a few hundred to a few thousand dollars per month, depending on the situation. However, there are guidelines for when alimony payments should stop, such as if the recipient remarries or if the recipient has shown not to make an effort to support them self.

By making a marital settlement, it can avoid the insincere intentions of the prospective partner who turns out to have the intention to pay off the debts of his debtors through the wealth of the marriage. Sweet promises of potential partners before marriage are not necessarily true, and in practice problems often arise after the marriage takes place. The Marriage Agreement can protect you from unhealthy intentions like this, where these … Read More