What Makes it Legal?

If you agree to sell a parcel of land in exchange for a sum of money, you have entered into a legally binding contract that can be upheld in court. However, there are several steps along the way.

First of all you as the owner will make an offer to sell your property to another party under certain stipulations, i.e. a particular amount of money to be paid to you over a specified time period. If the second party accepts your terms then the agreement can be finalized, but if he wants to pay less money than you have asked for, or change the payment arrangement in some way he will present a counter offer. Adjustments and compromises may be made until you both come to what is known as a ”meeting of the minds,” meaning that you have settled on terms that are agreeable to you both. Then the contract can go forward.

In order for a contract to be legal there must be “consideration.” That is, all parties to the agreement have to end up with some form of compensation. Using the same example as above your consideration would be the monetary value that the buyer of your property is paying you. His consideration of course, is the transfer of ownership of the property over to him.

A verbal agreement can be just as binding as a written one, but if it is contested in court facts will be harder to distinguish. Since the terms of the contract have not been written out it will be harder to prove what was actually agreed upon and could become a matter of trying to determine who said what, and if they can be legally held to it. So, if you do enter into a verbal contract be sure to keep a record of all negotiations leading up to the accordance. Having had a witness present during verbal negotiations could be extremely helpful in a legal battle.

If you need help in proving that another party has failed to live up to his end of a legal contract call the offices of the Parker Lawyers firm @ 303-536-3825 for consultation.

Consider All The Ramifications

You may have legitimate financial reasons for filing bankruptcy but before you do you may want to consider some of the more personal aspects that go along with the process.

You should know for instance, that once you do file it will become a matter of public record and if your friends or neighbors are so inclined they can easily get hold of the information. Some people have trouble dealing with the loss of privacy that bankruptcy carries with it. If this is a problem for you on any level you may want to reconsider your options.

If you have become reliant on swiping your credit card to pay for the majority of your purchases filing for personal bankruptcy will probably mean a change in that habit. When card services find out that you are going through bankruptcy your line of credit may be reduced substantially and it could take you a few years to have it fully restored.

We all know how important a credit report has become. It can influence the loan officer who is evaluating your application as well as the executive assistant who is considering you for a position of employment. Bankruptcy will be a part of your credit history for years after the fact.

Although you won’t lose everything you own to bankruptcy and most of your debt will be absolved in one way or another, there are some liabilities that will not go away. If you still owe money on your student loans or if you have failed to pay your taxes for three or more years bankruptcy will not protect you from having to compensate.

You won’t just walk into a bankruptcy court and file your claim. You will have to be prepared to explain how you got yourself into this position in the first place. If there is any reason you might hesitate to do so, seek the advice of your attorney before you proceed.

The bankruptcy attorneys of the Parker Lawyers firm will guide you through the options and help you decide what choices may be most beneficial for your particular case. Call 303-841-9525 to consult with a professional.

Get The Facts From Your Bankruptcy Attorney Before You Make A Mistake

If you’re thinking that you may need to file for bankruptcy and you’re not really familiar with the process you may be surprised to know that you won’t lose everything. Many people try anything they can think of including selling off property or investments, in order to avoid bankruptcy, and they still find themselves unable to get out from under their debt.

The first thing that you should do if you find yourself on the brink of bankruptcy is to consult with an attorney who is familiar with your state’s bankruptcy laws. Don’t jump the gun and relinquish an asset that may be considered exempt under the law.

When you file for bankruptcy you will have to provide detailed information about any and all recent financial transactions that you have made. So if you try to repay the part of your debt that you owe to a family member or personal friend before you file, you will be discovered. This is known as “insider transfer,” and the money can be reclaimed.

Some people figure “ok, I’m going to be bankrupt soon so I’ll splurge now.” Credit card companies for example, keep track of your activity and they will notice any sudden increase in charges or cash advances. If you file for bankruptcy shortly after a significant transaction it can be construed as bankruptcy fraud, a serious crime that could get you in big trouble.

Trust your bankruptcy attorney, he is on your side. But in order to help you to the best of his ability your attorney has to be well informed. Don’t hold back any information that could potentially be used against you as the bankruptcy procedure moves along. Any surprises around the bend could be a deal breaker when it comes to sorting out your exemptions. Don’t let embarrassment get in the way of disclosure, you’re bankruptcy attorney is not there to judge you, he is acting in your best interests.

The offices of the Parker Lawyers firm is located on Pikes Peak Drive in Old Town Parker. Call 303-841-9525 to set up a consultation.

Don’t Make Things Worse

From the time of arrest through to the outcome of a case in court an uninformed defendant can do himself some real harm. That is why it is so important to contact a criminal defense attorney who can guide you through the prosecutorial system.

Even though you may understand that the arresting officer is reading you your rights according to Miranda it doesn’t mean that he will stop asking you questions. Any responses you make can absolutely be used against you.

If you don’t have legal counsel by the time of your arraignment you may make a mistake that you won’t be able to correct. At your arraignment the judge will ask you to enter a pleas of guilty or not guilty. If you think a guilty plea will put an end to things you will be sadly mistaken. Saying that you are guilty of a criminal charge will only take away your right to negotiate.

The defendant has the right to see the evidence that the prosecution has against him. This happens during what is known as a “discovery hearing,” and is best handled by an experienced defense attorney who can determine if the evidence is substantial enough to warrant a trial.

The prosecutor in your case may decide to offer you a plea bargain in which case you admit to committing the offense in exchange for a reduction in the charges against you. These compromises can be complex and it will be in a defendant’s best interests to have the legal representation of an attorney who is used to dealing with all the intricacies that can be involved.

Don’t be foolish enough to think that you can defend yourself in a court of law. There are legalities that go along with a trial that the typical layman will have no knowledge of. Cross examining witnesses, disputing evidence and composing statements are just a few of the responsibilities that fall to the defense. You will need a skilled trial lawyer to present your defense.

Parker Lawyers associates have specific experience in the workings of the Colorado judicial systems. Call 303-841-9525 for consultation.