Types of Bankruptcy

Bankruptcy can be categorized into various types keeping in view several factors in mind. For example, on the basis of the parties filing for bankruptcypetition, there are basically two types of bankruptcy – voluntary and involuntary. On the other hand, based on the nature of judgment by the court, the bankruptcy can be categorized in two forms – a reorganization bankruptcy and a liquidation bankruptcy. Let’s go exploring them.

Tips To Find A Good Truck Accident Lawyer

A good truck accident lawyer could mean the difference between winning and losing an injury claim. This is because there is a big difference between accidents involving trucks and those involving ordinary vehicles.

Tread Carefully When Looking For a Truck Accident Attorney!

Think you need a truck accident attorney? Are you confused by the number of lawyers out there? Do you feel overwhelmed because you don’t have any experience in the legal field? Don’t lose heart- while looking for a good auto accident lawyer can seem like a big job, you can tackle it if you have the right information on your side.

Truck Accident Attorney: Go After Truck Drivers At Fault

A truck accident attorney specializes on accident settlement involving trucks. He’s not just an ordinary accident attorney. He has special knowledge on regulations on trucking. And he also understands how truck accidents occur.

Texas Bankruptcy Laws

Texas bankruptcy laws allow the debtor declared as bankrupt to use federal supplemental exemptions along with the state specific exemptions. In addition, you also have the option to substitute the state specific exemptions completely with the federal exemptions set. Texas bankruptcy district courts are located in twenty places under four group regions – Texas Eastern District Court, Texas Northern District Court, Texas Southern District Court, and Texas Western District Court.

Tax Bankruptcy

The various bankruptcy laws have provided two options for tax bankruptcy. The first option is to file bankruptcy under chapter 7 where all the assets of the taxpayer will be liquidated or sold off. The second option is to file bankruptcy under chapter 13 allowing the taxpayers to continue with their business activities while paying off their debts on a specific repayment plan as suggested by the bankruptcy court. Following are some of the important things that you must be aware of regarding the tax bankruptcy before you file for bankruptcy.