Do You Have Some Questions About Bankruptcy? Let’s Find The Answer Here!

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There are a lot of different details and stipulations that come along with filing for bankruptcy. Chances are, you have a lot of questions regarding what is going to happen. These questions should be directed towards your bankruptcy attorney in Pittsburgh for the most accurate answers. Chapter 7 bankruptcy will require you to turn over all of your assets so they can be turned into cash. That cash will be distributed to all of the different lenders that you owe money to. The entire process typically takes about four months for all of the debt to clear. When it comes to your vehicle, you’re probably wondering if you can retain that. The answer is usually pretty clear. Your attorney can help you get clarification.

Your Vehicle and Your Home

When you have filed for chapter 7, your vehicle and your home are safe. The liquidation of your assets will be necessary, but the laws are designed to protect you to some degree. If you’re filing for bankruptcy, chances are you don’t own a large home or expensive vehicle. There isn’t usually enough money in these items that makes it worth it to recoup your losses.

Payments

The payments for your vehicle must be current in order for you to retain your vehicle through this bankruptcy process. Money can still be owed on your vehicle loan, but you will have to continue staying up-to-date on your payments in order to keep your vehicle. If you end up falling behind on this as well, your lender has the option to come after you for late payments. They can also repossess your vehicle if you fall enough behind and they deem it necessary. In order to remain in good standing with your attorney and bank, you’ll want to keep going to your appointments and court dates that have been scheduled for you. Make sure you are providing all of the necessary information that is requested and stay current with your information. A fresh start is possible if you go through this process with the assistance of a trusted attorney.

What Happens When You Jump Bail?

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Most people are at least somewhat familiar with the concept of posting bail. When someone is arrested and charged with a crime, they often have the option of paying a certain amount of money to be released from jail until their court date. As long as they appear in court as scheduled, the money that they paid is returned to them. If they cannot afford to post bail on their own, they might hire a bail bond company to post bail on their behalf for a fee. The bail is returned to the bond company when the defendant appears in court, with the bond company keeping the fee that was paid to them.

In theory, the bail system is a great way to ensure that a defendant fulfills their obligation to appear in court for their trial without having to spend weeks or months in a jail cell. Unfortunately, some defendants still fail to make their court date. This is known as jumping bail, and it can carry some harsh penalties. Not only would the defendant still need to face the initial charges against them, but they will have to face the additional charge of jumping bail.

Defendants who jump bail that they posted themselves will of course not be able to collect the money that they paid, but things can get worse for them if they went through a bail bond service. Most bond services hold onto some of a defendant’s property as collateral when they post bail on their behalf. The understanding is that the collateral will be returned when the bail is paid back. If that cannot happen, the defendant most likely loses their property on top of being charged with jumping bail. The bail bond company can also apprehend the defendant and make them appear in court by hiring the services of a fugitive recovery agent, otherwise known as a bounty hunter.

Whether you are in need of a bail bond service or you know the whereabouts of a fugitive who has jumped bail, you can always find a bail bond company near you. Simply search “bail bond company Allentown PA” to learn more or find a service in your neighborhood.

Fort Walton Beach Real Estate Lawyers

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When doing real estate transactions, many people seek guidance from their agent or broker. However, there are deals that are complicated or risky. When this is the case, it’s only wise to consult a real estate attorney. Many people think it is unnecessary to involve a real estate lawyer in simple cases like a sale of a single-family home, but that is misleading. Whether you are selling your home, a residential investor, or a homeowner facing foreclosure, you can benefit from a real estate attorney.

Not every attorney is worthy of your choice and you need to ask a few questions before you settle on a particular one.

How Long Have They Been Practicing?

Law is about experience, the more cases you handle as a lawyer on a particular issue, the more you become well acquainted with handling similar cases. Therefore, it is important to find out how much real-life legal experience the person has. If you need help on a simple matter like a sale agreement, you need to get a lawyer with a minimum of three years’ experience. However, for cases related to real estate development or something complex, you may need to get somebody with eight to fifteen years’ experience. It’s also important to ask about the experts schooling, like whether they went to an accredited law school. You can also check from the ABA’s website, which contains a list of bar association approved law schools. Again, you may not need a very experienced attorney if the issue is not complicated, most of those with a wealth of experience are expensive and may not be necessary.

Would the Lawyer Handle Your Case?

It’s always a good idea to ask an attorney how they wish to approach your case and represent you. This will tell you how knowledgeable they are in matters of real estate law. For a lawyer who is incompetent, you will hear them giving generalizations like, “Don’t worry, I’ll take care of everything” or other ambiguous statements. Take time and get someone whose competence is without question. A seasoned attorney will give you a rough idea of all that is required like properly filling out certain documents.

How Will You be Billed?

A fee schedule provided in advance by the attorney will help avoid surprises in the future.  Some will charge you on an hourly basis, or a per-case basis.  The most important thing is to discuss with the lawyer on the possibilities of reducing the charges to an affordable figure. Do not assume anything, seek information on every detail and avoid verbal agreements.

Who Else Will Work on Your Case?

Some law firms have a tendency of handing off the initial work to a paralegal or junior lawyer. Find out whom you will be dealing with and ensure that you are comfortable with them. You need someone you can have a relationship with, a practitioner who you can interface with as they work on your case.  Therefore, ask the law firm to assign you a real estate attorney with a reputable background. View more for a real estate attorney you can trust.

Real estate matters are quite complicated, and you need a legal expert with experience in the field.

Four Common Myths About Bankruptcy

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Bankruptcy is something that you want to avoid. It is a last resort effort to get out from under debt. While it will erase most of the debt you have to pay back to lenders, there are some extreme consequences such as the inability to borrow money for extended period time and an extreme dip in your credit score.

If you are considering bankruptcy, be sure to contact a bankruptcy law firm in Pittsburgh PA right away. They have the experience and knowledge to help you navigate through the process effectively. While you can do it yourself, the laws are complicated and you could make a mistake, causing even more problems.

While bankruptcy is fairly common, there is a lot of misinformation out there about the process and what it does. Don’t fall for the myths surrounding bankruptcy, talk to a lawyer to get the facts.

Four Common Bankruptcy Myths

1. Your Past Can Reduce the Credit Score Damage – Many filers are under the false impression that their credit score won’t be hit as hard if they have a good payment history on their credit report. This is not true. Having a positive past payment history has very little effect on your credit score once you file for bankruptcy.

2. Your Credit Will Be Destroyed For Almost a Decade – While it will take a big hit, you can still work to build your credit score back up while the public record bankruptcy information is on your credit report. Use the bankruptcy as a fresh start to start making payments on time and you will see a rise in your score.

3. Bad Marks on Your Credit Score Will be Erased – This is not true. You won’t owe the money anymore, but the negative marks on your record will stand for at least 7 years. Their negative effects will be mitigated, though.

4. Your Credit Score is Ruined Forever – The effects of declaring bankruptcy on your credit score are drastic, but they are not permanent. You will see a massive dip in your score immediately, but it will repair over time if you are fiscally responsible.

Tips for Your Estate Plan

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People often do not want to think about creating an estate plan, but it is important for most adults to do so. Below are several important points to consider about an estate plan.

What You Need

At minimum, you probably need a will, a power of attorney and paperwork that can appoint someone who is able to make medical decisions in case you become incapacitated. A will specifies who will get your assets. This may include sentimental items. If you are a parent, you can use the will to appoint a guardian for your minor children. A durable power of attorney appoints someone to manage your finances if you are incapacitated. You might need a trust or other vehicles as well. An estate planning lawyer Hernando County FL may help you decide what other documents might be needed.

Who You Need

A will names an executor, and this is the person who pays creditors and taxes, locates assets, distributes them to beneficiaries and takes care of any other paperwork and similar tasks. This person and the person appointed to have financial power of attorney may or may not be the same person, but they will both need to be trustworthy and organized. The person who makes medical decisions needs to be calm and compassionate. If there is a trust, you will need one or more trustees.

Common Errors

Beneficiary designations, which are used for insurance policies and some other assets, are sometimes forgotten as part of the overall estate plan. However, they override a will or a trust, so they need to be consistent with the plan. Estate plans should be reviewed regularly in case other changes are needed as a result of changes in the family, assets or tax law.

An attorney, such as the Law Office of James R. Jones, Jr., PA, may be able to help you create an estate plan and avoid common errors. You might also want to work with family members on the plan.

There Are Several Types of Bail Bonds

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It can be hard to get out of police custody. There are many types of bail bonds that you can use to secure your release. Each bail bond has a different purpose. Here are some of the different bonds that are used the United States.

Citation Release

A citation release means that you were not taken into custody. This is considered the best case scenario if you were stopped by the police. You will be given a citation that includes the date and time of your next court date. All you have to do is show up for court. These citations are given for minor offenses and traffic violations.

Recognizance Release

A recognizance release is the second easiest to secure your release. You are taken into custody for this release. You must promise to appear in court at the specified date and time. There is no bond or bail needed for this release.

Cash Bail

Cash bail is paid in cash. You can pay for this bond by yourself. Correction departments often will not accept cash. They may ask you for a cashier’s check or credit card payment. Most police departments will use a cash bond. It is best to check before you head down to post bail.

Surety Bond

Bail bond companies issue surety bonds. If you are short on funds, a bond agent can help you pay for bail. You only have to pay 10 percent of the bond amount. The bond agent will cover the rest of the cost.

Property Bond

Property bonds are used in some states. These transactions are handled by the court system. You can post any property or real estate holdings as collateral.

Federal Bail Bonds

If you are arrested on a federal charge, you must post bail with a federal bond. This bond is only available through the court. You can pay for them with property or cash.

If you are looking for bail bonds in Allentown, PA, there are a few options for you. An experienced bail bond agent can help you secure your release from police custody.

Have You Found Out About Alimony When Divorce?

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One of the most important and sometimes complicated aspects of a divorce is reaching an agreement regarding alimony. Alimony is a payment that provides financial support to a spouse during a legal separation and divorce. It can be issued on a periodic basis or as a lump sum payment.

The type of alimony that is granted to a spouse depends on the length of the marriage; a spouse’s ability to support themselves; a spouse’s ability to make alimony payments; the physical and mental health of the spouses; the financial needs of each spouse; and other factors that affect their standard of living. By consulting a family law attorney Rockville MD, you can find out what your rights are while going through a divorce.

Pendente Lite Alimony

Once the legal proceedings begin, a court may award temporary support based on the financial needs of the dependent spouse. The amount of alimony depends on the living expenses of the spouse asking for alimony and how much money the other spouse can afford to pay. Usually, the terms of the temporary alimony will remain in place until a finaal agreement regarding the financial terms of the divorce is reached.

Rehabilitative Alimony

This type of alimony is granted for a specific period of time. The dependent spouse could receive payments for a certain number of months or years. The length of time it will take for a spouse to become financially independent will affect the amount of the alimony payments and how long they last. Under these circumstances, a spouse may need alimony while going to school or being trained to acquire a skill set that will help him or her obtain employment.

Indefinite Alimony

When a spouse receives indefinite alimony it means there is no time limit for how long he or she can receive financial support. This type of alimony usually applies to long-term marriages in which only one spouse earned an income and financially supported the household. Indefinite alimony may also be granted if a spouse suffers from a physical or mental impairment that will make it difficult for them to earn an income and support themselves.

When you are going through a divorce, it’s beneficial to have a family law attorney Rockville MD who will assist you throughout the process. Whether the divorce is amicable or contentious, an experienced attorney will protect your rights and look out for your best interests.