The Bankruptcy Law Network has posted an article which gives some good information that you should know prior to filing bankruptcy. When you file any chapter of bankruptcy, you are required to list all debts you may have as well as your assets. Failing to list everything can have very serious consequences, such as being guilty of perjury.

According to Douglas Jacobs, the writer of the article, all of your debts have to be listed, regardless or not if you want the bankruptcy to include a certain credit card or other obligation. Once everything is listed, there’s no law that says you are obligated to pay the debt back, but you can if you want to.

There are two ways to repay someone after you have filed for bankruptcy.

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Unfortunately, business license and permit violations occur all the time — leading to costly penalties, tax problems, and even the closure of your operation.

So if you are starting a company be sure not to overlook federal, state and local licensing requirements for you business or industry.  Here are some tools and resources you can put to work for you to ensure you are compliant from the get-go.

Get the Right License and Permit in One Simple Step with “Permit Me”

Every business has different licensing and permit requirements depending on its location and industry, so it can be difficult to know where to start.

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Our law firm was recently contacted by an individual that was receiving long term disability income payments from Prudential. This disability claimant has been on long term disability for approximately 12 months. His disability is the result of a disabling knee condition. His Prudential long term disability policy defines “disability” for the first 24 months as the inability to perform the substantial and material duties of his occupation. After 24 months the definition of disability changes to the inability to perform the material duties of any gainful occupation. Gainful occupation is an occupation that will pay at least 60% of the claimants pre-disability earnings.

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Indicative Rates Sell Buy GBPEUR 1.2140 1.2169 GBPUSD 1.5455 1.5482 EURUSD 1.2713 1.2734 GBPJPY 129.10 129.34 GBPAUD 1.6861 1.6885 GBPNZD 2.1468 2.1501 GBPCAD 1.6164 1.6193 NZDUSD 0.7185 0.7208 GBPZAR 11.19 11.24 USDZAR 7.2385 7.2703 GBPPLN 4.7800 4.8107 EURJPY 106.09 106.33

Rates are dependent on amount transacted.

Not too long ago, I filled out a survey about my consumer habits. One of the questions, just before the demographic information, asked about my home. I was asked to choose between Rent and Own (and Other). As I checked the box next to Own, it occurred to me that I don’t actually own my home.

If I’m going to get really technical about it, the bank owns my home. I have a mortgage on my home, and since I bought my house with borrowed money, the bank actually has the first right to my home. If I stopped making my mortgage payments, the bank would be well within its rights to have me evicted. Whi

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Most business owners don’t pay much attention to tax matters until it comes time to file. They simply hand over their financial and expense data to their CPA and hope for the best, keeping their fingers crossed that total taxes will not be too high.

However, whether you pay taxes annually or quarterly, you should be proactive in how your manage your tax information. Everyday action can help you save money and help prevent an audit.

Practice Good Recordkeeping

The first step in being proactive on your taxes is keeping accurate and up-to-date records every business day. T

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We are often asked “What do I actually say in my dispute letters to the credit reporting agencies when I have errors on my credit reports?

We realized that we have not given specific enough suggestions on this and so we wrote an article that we hope will be helpful to you if you are like so many Alabama consumers who are facing false information on your credit reports.

Take a look at this article on credit report dispute letters and if you have any questions please pick up the phone and call us at 205-879-2447 or contact us online.