As Philadelphia bankruptcy lawyers, clients often ask us if a bankruptcy court will look at debts already paid to creditors prior to filing a bankruptcy case. While filing bankruptcy addresses debts that a debtor is no longer able to pay, bankruptcy also looks at payments made to creditors that occur during a specific time period before the bankruptcy filing. In fact, under the bankruptcy preferences law, a bankruptcy trustee can require payments made to creditors shortly before the bankruptcy filing be paid back to the trustee.
Whether your Philadelphia business is a small local start-up or a large corporation, you need to have the right team by your side to ensure your ongoing success. With regard to documentation and compliance, you will benefit from having a skilled and experienced attorney on retainer. If you are operating a business in Philadelphia, here are five excellent reasons why your business would benefit from having a lawyer on retainer:
As a personal injury attorney, I am often asked about the time limit to file a lawsuit after suffering an injury. In legal terms, the law defining the time limit or deadline one must meet to file a legal action or lawsuit is referred to as the “statute of limitations.” Every state has its own statutes of limitations for filing legal actions of all types, including those involving a personal injury.
As a Philadelphia bankruptcy attorney, one of the most common questions I am asked involves Chapter 7 bankruptcy exemptions. While the concept of debt relief through bankruptcy is relatively straightforward, understanding the rules surrounding what property and assets you will be permitted to keep can be complicated.
Though the long-standing tradition is that law firms bill clients by the hour, the legal industry is starting to see a shift by some law firms to value-based pricing for legal services. The value-based pricing model has been widely used in the business world for more than 50 years. In recent years inflation and rising costs for legal services have prompted some attorneys to look to viable alternatives to the traditional time-based billing method.
The holiday season is here and the new year is around the corner. During this time of year our Philadelphia law firm sees a rise in bankruptcy and personal injury cases. Whether from the financial strain and overspending common during the Christmas holiday or the dangerous road conditions and often alcohol-fueled holiday celebrations that lead to accidents, the holiday season and new year are popular times for personal injury and bankruptcy cases.
One unfortunate aspect of working as a Philadelphia bankruptcy lawyer is knowing that a great many business bankruptcies might have been avoided. Sometimes catastrophes happen, or bad luck ruins a good business plan, but often, small and medium-sized business (SMB) owners call a bankruptcy lawyer due to inexperience or costly decisions over time. Sometimes calling a bankruptcy lawyer before the situation is too dire can yield solutions other than bankruptcy.
As a Philadelphia personal injury attorney, I field a wide range of questions from clients dealing with the difficult and painful aftermath of a car accident. Whether injured in a multi-car pile-up commuting into Philadelphia or making a quick trip to the neighborhood market, being involved in a car is stressful and often traumatic.
While every car accident has its own unique set of facts and circumstances, here are five frequently asked questions that arise regarding personal injury.
Nearly everyone filing for Chapter 13 bankruptcy does so with the best of intentions. Everyone wants their Chapter 13 to succeed, particularly if they have chosen Chapter 13 specifically so they can protect certain assets they want to hang onto. However, any Chapter 13 bankruptcy attorney in Philadelphia can attest that sometimes bankruptcies do fail.
If you have suffered bodily harm as the result of an injury or an accident you have a right to be compensated for damages caused by the party responsible for injury or accident. With most personal injury cases, the party responsible for the accident (and their insurance company) will do their best to minimize their cost and settle the case with the lowest damages award possible. Personal injury cases become more complicated where the injured party has a pre-existing injury or condition aggravated or worsened as a result of the accident.