Entries from September 2009
“Ordering the book for subscriptions of stocks” deals with opening and closing the corporate books on the sale of shares to shareholders, typically at the time of incorporation.
This statement is a corporate formality so that ownership can be established. [ Read More… → ]
Tags: Incorporation Questions · September 30th, 2009
No, you cannot restore the legal use of your maiden name through a Separation Agreement, which is merely a contract between two persons.
To change your name in a legal sense, you must petition the court. [ Read More… → ]
Tags: Marital Separation Agreement Questions · September 28th, 2009
The State of California has costly and complex registration requirements for each COUNTY in that state. The registration requires legal document preparation companies to become what the state of California calls “legal document assistants”. [ Read More… → ]
Tags: Legal Document Preparation Questions · September 24th, 2009
Corporations are owned by shareholders. Shares of stock can have “par value” or “no par value” — that is, a predetermined value of one share as set by the issuer at the time of incorporation.
Most corporations and shareholders opt for shares with “no par value”, and they do so for a variety of reasons. [ Read More… → ]
Tags: Incorporation Questions · September 23rd, 2009
If your debts are significant enough that you are planning to file bankruptcy, it may be best to simply inform your creditors that you are filing a bankruptcy petition in the near future and that the calling creditor’s debt will be listed as a part of that filing.
Such a statement typically stops collection calls. [ Read More… → ]
Tags: Bankruptcy Questions · September 18th, 2009
Standard Legal offers completed, “ready-for signature” forms through its legal document preparation services. These forms are created by asking specific questions of its customers through easy-to-follow questionnaires, then taking those highly specific responses and inserting the provided information into the required legal forms. [ Read More… → ]
Tags: General Questions · Legal Document Preparation Questions · September 17th, 2009
While a misspelled middle name would not automatically invalidate the document, Standard Legal strongly suggests that the document be corrected so that no issues might arise in the future. [ Read More… → ]
Tags: Power of Attorney Questions · September 16th, 2009
Student loans are NOT usually discharged in a bankruptcy case. However, in some circumstances, these debts can be discharged if the bankruptcy debtor can show that payment of the debt “will impose an undue hardship on you and your dependents.” [ Read More… → ]
Tags: Bankruptcy Questions · September 11th, 2009
A lease is a contract between the landlord and the tenant, and typically requires little in the way of “legal interpretation”. Simply read the lease agreement carefully to ascertain your rights and the rights of the landlord for nearly any situation that might arise. [ Read More… → ]
Tags: Lease Agreement Questions · September 9th, 2009
Certainly by the nature of the legal topics involved, much of the content is similar between the consumer version of Standard Legal’s self-help legal forms and the Professional Version of the software. But while the content is similar, the price is not.
This significant difference in price is for the granting of a license for the commercial use of our work product. [ Read More… → ]
Tags: General Questions · Software Questions · September 4th, 2009
The “presumption does not arise” is a statement indicating that a debtor’s income is not such that he or she would be disqualified from filing a Chapter 7 Bankruptcy case.
In a Chapter 7 case, the debtor must prepare Form 22A, the “Means Test” form. On that form, the debtor lists his or her gross income. If this annualized gross income is less than the amount of the annual “median income” assigned to individuals for the state in which the debtor lives, the ‘presumption of abuse’ does not arise and it is presumed that the debtor is eligible to file a Chapter 7 bankruptcy case. [ Read More… → ]
Tags: Bankruptcy Questions · September 3rd, 2009
Sometimes, people begin a pro se (do it yourself) Bankruptcy filing with clear intentions. Sometimes, they initiate the process but do not follow it through to completion. Sometimes, those same people find themselves in the exact same financial situation just a few years later and are in even greater need to file for Bankruptcy.
Typically, Bankruptcy law requires an eight year time span before a person can refile for personal Bankruptcy again. But this time restriction is not always set in stone. [ Read More… → ]
Tags: Bankruptcy Questions · September 2nd, 2009
A “deed in lieu of foreclosure” is not a customized or language-specific legal document; it is the phrase given to the process of transferring title to a mortgage holder (by deed) in lieu of the mortgage holder going through with a foreclosure lawsuit. [ Read More… → ]
Tags: Quitclaim and Warranty Deed Questions · September 2nd, 2009