Law Directory  - Bankruptcy

 

Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors.The philosophy behind the law is to allow the debtor to make a fresh start, not to be punished for inability to pay debts. Bankruptcy law allows certain debtors to be discharged of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full. Some bankruptcy proceedings allow a debtor to stay in business and use business income to pay his or her debts.

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Rudikh & Associates, LLC
http://www.rudikhlaw.com

Rudikh & Associates have made a solid commitment to the following areas of practice in order to provide you with the best possible legal representation Bankruptcy Law (Ch.7 and Ch. 13), Personal Injury and Accident Law, Social Security Disability (SSD) and Supplemental Security Income (SSI), Automobile Accidents, Slip and Fall Accidents, and Work Related Accidents.

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Our aim is to provide high quality, independent advice on a variety of loan, finance and legal topics including instant payday loans, 12 month loans and 24 month loans as well other borrowing products.

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St. Louis Car Injury Attorneys
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St. Louis car accidents lawyers since 1998

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Pre-Bankruptcy Planning

As we all know, times are tough. Many people are having problems with their investments and have been inquiring about their options. Unfortunately, however, many clients have tried "go at it alone" and have gotten themselves in even more financial distress. Some clients, which were successful business owners in the community, are on the verge of losing their homes.

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Chapter 11 Bankruptcy: What businesses can file for bankruptcy?

The United States Bankruptcy code that deals with Chapter 11 Business Bankruptcy is one of the most complicated statutes in American history. Not surprisingly, there are few attorneys that handle these types of cases. Often times our business bankruptcy lawyers receive calls from clients in dire financial straits asking whether a Limited Liability Company (LLC) can file for Chapter 11 Bankruptcy here in Arizona.

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Home Loan Modifications, Bankruptcy, and HAMP

The third quarter of 2009 saw a record number of foreclosures across Arizona according to RealtyTrac, an online marketplace for foreclosure properties. For the fifth quarter in a row, Arizona ranked second behind only Nevada with one out of every 55 homes threatened by foreclosure. In the Phoenix area alone, 2009 foreclosures jumped 158% over the 2008 figures.

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