Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An S-corporation (S-corp) is one that is owned by its shareholders. All profit or loss passes to the shareholders. These shareholders must report this income, profit or loss, on their individual federal
On one point, the non-expert people seem split on writing a letter to a judge or having others write character witness letters to the judge. Some say definitely do it as it
Criminal conviction has many differing requirements and criteria that must be met before a conviction can be applied to a case. In the past decade, several national, state-wide, even local jurisdictions have
When one files for bankruptcy, that person knows or should know, that the court will be looking at the debtor’s life very closely and the debtor’s bills and payment records even closer.
Short answer is: “Not automatically, but very likely”. There are several reasons for that answer. One reason is that there is now a consortium for sharing “driving under the influence” (DUI) convictions
The very short answer is 10 years, at a minimum. Research came up with Florida retaining the mark on your driving record for 75 years. Tennessee retains it for life. In the
There are a number of factors that have to enter into what will become a somewhat complicated calculation. Some of the readily available factors are: Who is accountable for the situation, accident,
In general, “yes”, a financial institution holding a mortgage can sue for full repayment of the loan amount outstanding on a mortgage where the debtor has defaulted. When a house is foreclosed,
This is a very difficult concept for many people to understand. Several lawyer site profess having trouble getting clients to see the difference between a debt and its lien on an asset.
There is a lot of information on this. US Code 38&5301(a) state that VA Disability is not considered income. Bankruptcy Code (BC) 11 USC 522 (d)(10)(b) states that VA Disability is exempt