Finance Law area
Legal advice on creditors and debtors, financing generally, bankruptcy, budgets, payment obligations, investments, legal help and everyday money issues. This area of law also covers: Insurance law, Securities law and Tax law. Need to talk to a lawyer? Our lawyers from the U.S. and 26 countries are available online 24 hours a day. Click "ASK OUR LAWYERS" above!
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Legal Tip of the Week
By WORLDLawDirect [November 21st, 2013]
The contribution required of persons, groups, or businesses within a governmental jurisdiction for the support of governmental programs. Springtime brings a flood of questions about State taxes. The Internal Revenue Service (IRS) is the U.S. government agency responsible for tax collection and tax law enforcement. The U.S. Small Business Administration (SBA) has compiled a list of State sites and their specific tax rules and guidelines. >> MORE
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Your most common questions answered:
- Will filing for bankruptcy stop bill collectors from harassing me?
- [November 21st 2013]
- When you file for bankruptcy, an "automatic stay" goes into effect. The automatic stay prohibits virtually all creditors from taking any action to collect, unless the bankruptcy court lifts the stay and lets the creditor proceed with collections."
- What happens to my property while I'm in bankruptcy?
- [April 13th 2010]
- Generally, after a debtor files for bankruptcy, a creditor may not attempt to collect the debts outside of the bankruptcy proceedings. Similarly, once a piece of property becomes subject to the bankruptcy proceeding, the debtor may not transfer it. In fact, some transfers, liens, or secured interests that occur prior to the proceedings may also be declared invalid.
- Do I need a lawyer to declare bankruptcy?
- [March 13th 2009]
- A lawyer is not absolutely required, but since bankruptcy is a serious matter that will have an impact on your financial future for years, hiring a lawyer is strongly recommended. You can file for bankruptcy without a lawyer simply by going to the clerk of your local federal bankruptcy court and asking for the appropriate forms.