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Help & Faqs

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Help & Faqs
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Some Questions That Customers Often Ask When Working With Us

What happens when a business goes into bankruptcy?

There are two types of corporate bankruptcy proceedings: Chapter 7 and Chapter 11. Under Chapter 7 proceedings, a business’s or individual’s assets are liquidated to pay outstanding debts. Under Chapter 11 proceedings, a corporation’s debts are restructured, and the corporation is allowed to continue in business.

I’ve been arrested. When do I get to make my call?

After being “booked,” you’ll be able to make local phone calls, generally up to three. “Booking” includes your arrest being written into official police records, being fingerprinted and photographed.

Will filing for bankruptcy stop bill collectors from harassing me?

When you file for bankruptcy, an “automatic stay” goes into effect. The automatic stay prohibits virtually all creditors from taking any action to collect, unless the bankruptcy court lifts the stay and lets the creditor proceed with collections.”

Does it matter if an employee’s Internet usage is not always work related?

As for legal rights, current US laws only prohibit employers for intercepting email while it is in transit, not from reading it prior to sending or once it has been received. The law also prohibits the gathering of personal information such as bank account and credit card information. Though legal…

What is community property?

Community property is defined as property owned by a husband and wife residing in a community property state. Because of their marital status, both husband and wife have an undivided one-half interest in the community property. There are nine community property states: Arizona (AZ), California (CA), Idaho (ID), Louisiana (LA),…

What is a mortgage?

A mortgage is a loan from a financial institution to buy property that is then used as collateral for the loan. The three main elements of a mortgage are: amount, the total sum you owe the financial institution, interest rate, which is determined by current market conditions, competition among lenders,…
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