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How Chapter 11 Works
A chapter 11 case begins with the filing of a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements.…
Read MoreHow Chapter 7 Works
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (3) In addition to the petition, the debtor must also file with the court: (1) schedules…
Read MoreDo You Need an Attorney to Buy or Sell a Home?
Buying or selling a home is one of the most significant events in one’s life which involves the law of real property. A real estate attorney is the only professional who is trained to deal with these special issues of practice as there are so many complexities that may arise during the process.
Even if the agents use standard forms, brokerage agreement terms between a real estate agent and a seller and/or a buyer often need a revision. Standard printed forms are certainly convenient, however agents are unable to make judgments on legal questions. An attorney is helpful in explaining these forms, and making adjustments to reflect the buyer’s and/or the seller’s expectations.
Read MoreEB-5 Immigrant Investor Program
Foreign investors and their families have been able to obtain permanent residency in the United States through the 5th Employment-Based Preference (EB-5) visa program established in 1990. EB-5 visas have many advantages: Foreign investors do not need sponsorship from an employer or family member. There are no language, business, or education requirements for applicants. Investors who receive a Green Card through the EB-5 program are permitted to work and live anywhere in the US. Investors who receive a Green Card can travel to and from the United States without a visa. After establishing residency in the United States, investors and their children may be able to pay lower college and university tuition rates than foreign students.
Read MorePrenuptial Agreements for a peace of mind before marriage
Prenuptial agreement is made by a couple before they marry, and it concerns the ownership of their respective assets should the marriage fail. Couples who bring personal or business assets to the marriage can benefit from a prenup. It is not one of the things that come to mind when you are about to marry, but given that…
Read MoreUSCIS Proposed Fee Increases
The Department of Homeland Security (DHS) proposes to adjust certain immigration and naturalization benefit request fees charged by U.S. Citizenship and Immigration Services (USCIS).
Read MoreAttention Future/Current Airbnb Hosts: Why Start as an LLC?
Injured guests, damage to yours or neighboring properties, and unpaid taxes are just one of the few issues that you might deal with as an Airbnb host. Hence, it is pivotal to familiarize yourself with the local laws that govern home rentals, as well as tax consequences involved.
Read More5 Common Child Support Myths in Washington State
Child support is more than just about monthly payments, it is a father’s or mother’s obligation to place the child in the same position she or he would have been had the parents stayed together. There are many child support myths and below are some of them.
Read MoreTop 10 “Must Include” Clauses in a Lease or Rental Agreement
One size does not fit all and most landlords and tenants find themselves in difficult situations. An important clause omitted from the agreement may create a chaos between the parties. Here are the top 10 clauses you need to include in your lease agreement at all times.
Read MoreStop the Foreclosure and Save your Home in a Chapter 13 Bankruptcy
Chapter 13 bankruptcy can be an option if you are facing foreclosure after falling behind on your mortgage payments. It will allow you to pay off the amount owed through a repayment plan, usually within 3-5 years, depending on your income and other circumstances.
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