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I would also say that being laid off is an excellent time to reevaluate things, so people should really take advantage of it. It's amazing how you can really enjoy life while spending less money, for example. Or how you may find out that your job really was making you miserable but you didn't have enough distance to see that before. Someone told me once that you need to decide what kind of life you want and then find a job that gives you that kind of life. So often we find a job we want and then force our lives to work with it (especially if you went to law school right out of undergrad and really had no idea what you wanted out of life to begin with)... a little time away from work might show some people that they'd be much better suited to doing something completely different. Watch here for more info Bankruptcy Lawyer in Arlington TX
Effective as of January 1, 2011, the language prescribed for all notices of default recorded pursuant to Section 2924 et seq. of the California Civil Code has changed. Despite the fact that this change became effective as of the beginning of this year, some foreclosure trustees are still using old forms that do not comply with current California law. Accordingly, lenders should be diligent in reviewing their foreclosure notices to ensure compliance with current requirements. You Can watch here for more info Bankruptcy Lawyer in Augusta GA
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The House Judiciary Committee recently held a hearing to consider an amendment to the venue provisions of the Bankruptcy Code proposed by the Committee’s Chairman that would require corporations to file voluntary chapter 11 petitions in the district where they maintain their principal place of business or have their principal assets. Under the current bankruptcy venue provisions of the U.S. Code, a debtor corporation can file its bankruptcy case in the state where it is incorporated, where it has its principal assets, or where it is headquartered. A corporation can also file a chapter 11 Bankruptcy Lawyer in Aurora IL case in a venue where its corporate affiliate’s case is already pending. Utilizing these rules, many large chapter 11 cases are commenced in Delaware and New York, despite the fact that the corporate debtor has little ties to those states. For example, Enron – a Texas-based company – filed a bankruptcy for a small New York subsidiary in the Southern District of New York. Shortly thereafter, Enron commenced the bankruptcy case for the main company, and used the venue provisions to bootstrap this case with its New York case, which allowed it to heard along with the subsidiary's case in New York. A more recent example is the Fremont, CA-based Solyndra LLC, which filed a voluntary chapter 11 petition in Delaware, the state of its incorporation.
Everyone knows that you can’t discharge income taxes in bankruptcy. Right? No, not right at all. This misconception about bankruptcy law illustrates just why you shouldn’t substitute cocktail party gossip for the advice of a good lawyer. Especially when the question involves discharging income taxes in a consumer bankruptcy case. Generally, income taxes are discharged in...