One common collection method is for a creditor to file a lawsuit against you in order to obtain a judgment from the court ordering you to pay a debt. If a creditor files a legal claim against you to collect a debt, you then have an opportunity to respond to the company’s claims. This response … Continue reading What is Excusable Neglect?
When you want to transfer ownership rights in a piece of real property from one party to another, there are different legal instruments to use depending on the situation. There are also many requirements that may exist for a transfer–for example, in most cases, a purchaser wants to make sure that the title is clear. … Continue reading What is a Quit Claim Deed?
Businesses are expected to keep clear accounting records both for tax purposes and in the event a dispute arises regarding payments from clients or customers. Landlords are no exception, as landlords should always keep an organized, updated, and accurate ledger of all rent payments received from tenants. If a dispute occurs over rent that was … Continue reading Should You be Wary of Your Landlord’s Accounting Methods?
You may be tempted to associate bankruptcy with people or businesses that have made irresponsible financial decisions. However, insolvency can occur for a variety of reasons. For example, a family member may become injured or ill and incur hundreds of thousands of dollars in medical bills. This family did not fall into debt through any … Continue reading Atlantic City Averting Bankruptcy