Lost Your Life Savings Because Of A Stockbroker? Call A Securities Arbitration Attorney Today!

In an effort to avoid overcrowding the courts, judges and lawyers alike are recommending arbitration as a viable alternative to mediation or litigation. While any case can enter arbitration, this option is more successful if the case is fairly straightforward and the plaintiff and defendant are willing to talk things out. Instead of judges, arbitration hearings have panels that are typically composed of one-to-three arbitrators who are chosen by both sides.

The Process

The panel peruses the pleadings that were filed by the plaintiff and defendant before the arbitrators listen to any arguments. Documents can be submitted by either side’s attorney, and a testimony can be given. Although the process is quite similar to a traditional trial, it is far less formal. For example, witnesses are not subject to perjury laws and related offenses since they do not have to swear an oath.

What Are The Advantages?

On average, arbitration cases are more expeditious

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What Constitutes Undue Hardship?

When it comes to declaring bankruptcy in order to avoid paying off government student loans, borrowers must prove that continuing to pay a loan would cause undue hardship. In the 11th Circuit, we have what is commonly known as the Brunner Test.

Outside of the Bankruptcy Courts, an individual may also qualify for a discharge of their student loans. The Department of Education has a set of criteria that constitute what undue hardship actually is, and who is eligible for this type of relief.

If you are considering bankruptcy, it is important to speak with an experienced bankruptcy attorney that also has experience with student loan terms. Prior to meeting with your attorney, here are some of the things that you may want to further discuss.

Undue Hardship Definition

According to the Department of Education, here are the criteria for declaring undue hardship in relation to student loans and bankruptcy.

  1. Veterans that have been considered by t
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Chapter 13 An Affordable Plan of Repayment

Bankruptcy Law Chapter 13 is an important feature applicable to all types of bankruptcy filings is the automatic stay. The automatic stay means that the mere request for bankruptcy protection automatically stops and brings to a halt most of the lawsuits, repossessions, foreclosures, evictions, garnishments, attachments, utility shut-offs, and debt collection activity.

Under Chapter 13, the debtor proposes a plan to pay his creditors over a 3- to 5-year period. This written plan details all of the transactions (and their durations) that will occur, and repayment according to the plan must begin within thirty to forty-five days after the case has started. During this period, his creditors cannot attempt to collect on the individual’s previously incurred debt except through the bankruptcy court. In general, the individual gets to keep his property, and his creditors end up with less money than they are owed.

In Chapter 13, the debtor retains ownersh

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Debt Relief Services for the Tax Defaulters

There are many individuals who are facing a tough time paying their bills and are failing to pay their taxes on time. It may be because they have suffered loss in business or have been ignoring to pay the taxes due to any other reason. Failure in tax payment is considered to be a serious offence, which has serious consequences. The defaulters might have to face tax lien, wherein, the government seizes their real estate property, retirement accounts, brokerage, and savings account. If the tax lien is filed, the individual’s credit rating would be affected and he/she will not be able to buy or rent a house, rent an apartment or sign a lease. For such individuals, debt relief services from the specialised firms, is the only ray of hope.

Many companies or individuals file for bankruptcy and it is the only option for them that seems feasible. Now-a-days due to the poor economic scenario bankruptcy has become a common phenomenon. As per the federal laws bankruptcy is designed

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10 Steps to Building a Bankruptcy Practice

Lots of lawyers are trying to build a bankruptcy practice these days. Many make the critical mistake of using outmoded ways of getting the practice off the ground, and end up being an also-ran in their area. Competition is fierce, and lawyers are working smarter – not only harder – to be successful.

10 Steps To Building a Successful Bankruptcy Practice

  1. Join the National Association of Consumer Bankruptcy Attorneys: This is the largest national organization dedicated to the plight of consumer debtors. With well over 4,400 bankruptcy lawyer members, it is the best source of information and continuing education for the new and established practitioner alike. NACBA also runs some very active listservs to help members share information.
  2. Buy the entire National Consumer Law Center library – including the consumer bankruptcy book: NCLC puts out the most comprehensive set of books on bank
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Why Consider A Bankruptcy Alternative, or Non-Bankruptcy Financial Solution?

Nobody wants to find himself or herself in the position of facing harsh financial realities. Mounting debts and obligations, a growing sense of stress and anxiety about what to do, and being unable to meet all of the demands you’re facing. If you’re in the position of wanting or needing to file bankruptcy, then before you do so, you should also consider a bankruptcy alternative or non-bankruptcy resolution.

First, what qualifies as a bankruptcy alternative? There are many different such options available, and all of them are merely tools at your disposal to try to clear up your financial circumstances enough so that you are not backed into a corner, and that you do not have to file bankruptcy.

For instance, with somebody fighting on your behalf such as an experience bankruptcy attorney, you may be able to negotiate and compromise with lenders and creditors. This can get interest rates reduced, total debt owed reduced, monthly payments reduced, and more.

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The Rules and Regulations Pertaining to New York Bankruptcy Law

There are several chapters like chapter 7, 9,11,12,13 of bankruptcy code under the federal law which governs the bankruptcy laws of New York. The various chapters under the bankruptcy law cover various issues and therefore guides as to how to deal with, and decide cases falling under each chapter effectively. Chapter 7 is applicable for debtors who have no assets to repay the debts. Chapter 9 deals with cases of government municipalities. For the owners or shareholders of a company there is chapter 11. Chapter 12 deals with fishermen and farmers. For salaried individuals or families, self employed and wage earners there is Chapter 13.

As fixed under chapter 7 of the New York bankruptcy law, the income of an individual under such cases should be less than the average income. Under this chapter, the cases that are handled are almost made fully exempt from the debt, but some things like student loans, alimony, child support, fraudulently acquired debts have to be paid off. The r

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Business Bankruptcy Attorney – What Can They Offer to My Business?

Financial crises are taking the world by storm. Many businesses have had to declare themselves bankrupt and shut down operations, because they found themselves in an acute liquidity crisis. This serves as a good example for many other businesses, which are still operating, to start preparing for the worst. When preparing for the worst, a business must hire a business bankruptcy attorney before they even require the services of one.

Handling and dealing with a bankruptcy situation is never easy. You have high debts and expenses to pay off and the creditors of the business come pressurizing you for their payment. It’s not something that you can take on your own. You will need professional help, especially when it comes to a matter of thousands of dollars. This professional help comes in the form of a business bankruptcy attorney who will do the most he / she can, to get you out of the crisis while helping you lose the least because of it.

When a business bankruptcy

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The Bankruptcy Filing Numbers Down, Bad News for a Bankruptcy Attorney

Recently, the bankruptcy filing rate came out and it shows that less Americans are filing for bankruptcy to eliminate their debt. According to the bankruptcy filing data, the number of Americans filing bankruptcy dropped from the same period last year ending September 30, 2012. The greatest decrease was those filing Chapter 7 bankruptcy which declined around 15%. The number of Chapter 13 bankruptcy filings also declined 10%. In 2010 the US saw a record number 1.6 million people filing bankruptcy for numerous reasons. In 2011, the decline began dropping the rate to 1.47 million bankruptcies and now it has further declined to 1,261,140. While this sounds like good news for the economy, it seems like bad news for a bankruptcy attorney.

Typically, the majority of people file Chapter 7 bankruptcy over all the other chapters. Because of the bankruptcy code changes back in 2005 and the real estate bubble bursting in 2007, we’ve seen an increase of Chapter 13 bankruptcy filings

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Hiring a Bankruptcy Attorney Can Be Like Building a Football Team

Every fall football season comes into full swing and many armchair quarterbacks sit home and talk about what changes they would make to their favorite team to have a successful season. Dealing with serious financial matters can be very similar. When putting together a football team every member is of utmost importance. Most of the focus is usually on the quarterback who is the center of the team. When it comes to filing bankruptcy one could use the analogy of drafting a football team on how to proceed. Knowing this, just like the quarterback on a football team, one of the most important members would be the bankruptcy attorney. Everyone knows filing for bankruptcy can be one of the most stressful times in anyone’s life. That’s why it’s important to accumulate the proper legal team to have the most successful bankruptcy filing.

Hiring a bankruptcy attorney should be looked at as acquiring an invaluable team member no different than what a sports team would do

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