- Child SupportCertain items, such as alimony and child support, are exempt with no dollar limit. The types of property not exempt in a bankruptcy include...
- GuardianshipOur team can craft documents such as powers of attorney, directive to physicians, and declarations of guardianship to ensure that you remain in control of your personal and property affairs while you are still alive but unable to make decisions related to your financial and medical welfare.
- Spousal SupportEven in the above circumstances, there are limits to how much money creditors can garnish from your paycheck. Creditors must leave enough money for debtors to pay for necessary living expenses, such as rent or mortgage payments, food, and utility bills. Additionally, if you owe money for taxes, alimony or child support, or student loans, creditors can garnish your wages without getting a court judgment.
- Limited Liability CompaniesChapter 11 bankruptcy involves a reorganization plan of one’s financial affairs, debts, and assets. Generally, Chapter 11 bankruptcy is entered into on a voluntary basis by the debtor. Typically, Chapter 11 petitions are filed by businesses (such as corporations), limited liability companies, and partnerships.
- Personal InjuryRight to payment at the time of the bankruptcy filing—from a tax refund, a lawsuit, inheritance, or some other source—that right to payment is property that must be given to the Chapter 7 trustee unless it is exempt, even though the debtor has not yet received any money. Thus, a debtor may have to turn over a tax refund to the trustee that is received after the bankruptcy is filed, and a debtor may not be entitled to the settlement of a personal injury action that is entered into after the bankruptcy is filed.
- Estate PlanningAn “estate” is comprised of everything an individual owns, including personal property such as cash or special possessions and real property. “Estate planning” is a process by which individuals can make comprehensive arrangements for the future management of their property and personal needs.
- WillsOur legal experts are equipped with the skills and strategies necessary to help clients create, implement, or modify their estate plans. Our firm is devoted to working closely with clients to accomplish their specific objectives regarding the disposition of estates and assets or to address special circumstances such as a change in family situations. We prepare wills or revocable trusts with precise and clear language to maximize the clients’ true intent and minimize the potential for misunderstandings or will contests.
- Power of Attorney
- Probate
- BankruptcyAre you facing serious financial difficulty that has resulted in emotional stress to you and your family? Chapter 7 bankruptcy is a beneficial process for many individuals as they seek to resolve their debt issues. It is the liquidation form of bankruptcy in which there is no repayment plan.
- ForeclosureForeclosure is initiated when an individual is delinquent on mortgage payments. The process allows the lender to reclaim the home or property to compensate for the outstanding balance on the mortgage. If you are exploring your various foreclosure defense options and are facing the prospect of losing your home or property, do not hesitate to speak with our Bedford bankruptcy attorneys at your earliest convenience.