Know Your Recourses

Anyone who is considering filing for bankruptcy will benefit greatly from the advice of legal counsel before during and after the action. First of all there is the decision about which type of bankruptcy is best suited to your situation. Bankruptcy is divided into “chapters” that are coded by number. Chapters 7 and 13 are usually reserved for those who are filing as a single individual or as a married couple while chapter 11 is more appropriate to big business and chapter 12 is formulated specifically for farmers.

Your lawyer will explain that with Chapter 7, also know as “straight” bankruptcy, you may have to sell off some of your assets in order to satisfy your debt. Most property will fall under the rule of exemption but that is not a guarantee, so if you aren’t willing to take that risk chapter 13 may be a better choice.

With a chapter 13 bankruptcy debtors are allowed to come up with a payment plan to deal with the debt over a 3-5 year period of time. You must be earning an income in order to be eligible for chapter 13. As long as you can keep up the payments there will be no risk of losing your property.

Filing for bankruptcy is an effort to get out from under the burden of debt that you can no longer afford. Counsel will advise you however, that there will be some debt that will not be allowed under the law. Exceptions include most college loans, and child support or alimony payments, among others. When you first file for bankruptcy you will be required to list all of your debts. Any liability that you fail to include on that record cannot be absolved. If there is a particular exclusion that you wish to contest you can go before a judge and plead your case.

With their years of experience in bankruptcy law Parker Lawyers will be able to advise you about chapters, exemptions, courts and all the workings that are involved in the process. Call 303-841-9525 to set up a meeting.

Know What You’re Getting Into

Financial advisors often recommend investing in property. A piece of real estate can be a solid asset to an investor’s portfolio and as long as the parcel of land or the structure is kept up, an initial investment can realize a sizeable profit. Sometimes the investment comes in the form of a tax lien.

All real property is taxable by state and district jurisdictions in correlation with an assessment of its value. If the owner can’t pay the taxes for whatever reason the powers that be can put a lien against the property, giving them the right to foreclose on the owner. In order to secure their funds sooner the district officials can sell the tax lien certificate to the highest bidder.

People who are unfamiliar with the risks and liabilities that are often associated with buying up tax certificate liens should definitely seek legal counsel before jumping in. Once your name is on the certificate the responsibility for personal injury on the property or any number of unanticipated circumstances may fall to you. One of the ways to avoid liability may be to put the certificate in corporate hands, but this kind of a move can be complex and involve an array of legalities.

Investors should keep in mind that buying the tax lien doesn’t mean that they actually own the property. The owner is given a certain amount of time to come up with the property tax that is due. If he fails to do so then the lien holder can claim ownership.

The best advice your attorney can give you is to know everything there is to know about the property you are considering. You have to do your own research in order to be sure that the property is free of any previous liens and that it is located in a well maintained area where property values are respectable.

Obviously there are a lot of stipulations and reversals that can affect this kind of investment. A legal professional who understands the particulars can inform the first time investor of the advantages as well as the risks that he may encounter. Call Parker Lawyers @ 303-841-9525 to consult with a real estate attorney today.

An Experienced Attorney Knows What You’re Going Through

If you have suffered any kind of injury or loss through the fault of another party your first consideration after seeking any necessary medical attention of course, should be to contact a lawyer who has knowledge of the particulars associated with personal injury law. Not only will you want to be reassured by legal counsel asap, but there may be a statute of limitations that could have an influence on your case.

Depending on the circumstances surrounding your claim you may be entitled to compensation for medical bills, loss of income or property damage. If your injury has inhibited your ability to work for instance, you may not have the sufficient savings to withstand the loss of your wages. The sooner you can file an official petition the sooner you can receive the restitution that your family may need to get by.

If you are involved in a vehicular accident any evidence that you can provide that will support the fact that you were not at fault will be helpful to your attorney. Never leave the scene of an accident without calling the authorities. The law requires an official police report in order to settle liability. If you are able to talk to anyone there who may have witnessed the incident and can back up your account of what happened be sure to get their contact information. If your case winds up in court their testimony could prove invaluable. Any evidence from the scene will hasten an investigation.

It’s also important to consider that there may be long term effects from your injuries. Your immediate needs could be met but the aftermath of your injuries could cause serious secondary problems, both physical and psychological. A complication could arise that may require you to go through a re-training program in order to keep your job. A personal injury lawyer has had experience with these situations and will know how to deal with insurance company agents who are too anxious to settle your claim and be done with you.

The professionals of Parker Lawyers will be in your corner to give you legal advice and guide you through what can be a very trying time. Call the offices in Parker @ 303-841-9525.

How Do You Plead?

“The defendant will enter a plea….” is often part of a sentence found in a report about an upcoming criminal court case. If you are charged with a crime you are obliged to respond to those charges at the time of your arraignment. An arraignment is the first time a defendant will appear in court after his arrest.

In most cases the options are pretty cut and dried. The defendant will either plead guilty, innocent or no contest. But the process doesn’t end there, now the judge must accept the plea and in order to do so he will have to determine its validity.

If the defendant enters a plea of guilty for instance, the judge must be sure that the defendant is mentally competent, meaning that he is aware of what he is doing and the possible consequences of his decision. In order to do that the judge will talk directly to the defendant. He will explain the charges and the magnitude of the penalties that may be imposed and he will advise the defendant of his right to legal counsel and that he may request a jury trial.

The next step is for the judge to determine that the defendant is acting of his own free will. Any evidence of coercion will make the plea inadmissible.

A “plea agreement” can accompany a plea of guilty. It is often used when there are several charges pending. In this scenario, the defendant agrees to plead guilty to one charge in exchange for a dismissal of the others. The judge must agree to the arrangement.

A defendant who has entered an initial plea of guilty can change his mind and withdraw the plea anytime during the court procedures, no questions asked. However, once the judge has accepted the plea the defendant will have to come up with a valid reason to withdraw it.

The average man or woman who has been accused of a crime will feel completely overwhelmed. He or she will need the advice of an accomplished criminal attorney in order to be able to understand just what they are facing. Rely on the experienced firm of Parker Lawyers to represent your best interests. Call the offices @ 303-841-9525.