Some leases contain language allowing the option for the landlord to alter certain terms during the lease with proper notice.
The lease document itself must be reviewed carefully for the existence of such language.
If Our House Was Taken In Lieu of Foreclosure, Do We List the Mortgage as an Unsecured Debt in a Bankruptcy Filing?
When a foreclosure occurs because a loan is in default, the foreclosure lawsuit and ultimate sheriff’s sale “strips” the mortgage(s) from the property, either by paying it off in full or part from the sale proceeds (or in the case of second and third mortgages, by paying a percentage or perhaps none at all).
This is done so that any new purchaser of the property can take ownership free and clear without any encumbrances.
If I Did Not Sign a Reaffirmation Agreement on My Car During a Chapter 7 Bankruptcy Filing, Can I Surrender the Vehicle Without Making Further Payments?
Absent a signed reaffirmation agreement, the debt on the vehicle is discharged once a Chapter 7 Bankruptcy is approved by the Court.
Does Any Legal Reason Exist Against Naming My Corporation With My Own Name?
A company name can be any set of words — including a person’s name — so long as that identity is not already registered by another in a particular state.
Is a Power of Attorney Document Drafted in One State Valid in Another if the Maker Has Moved?
A properly drafted, executed and notarized Power of Attorney document, containing the language necessary to appoint an Attorney-in-Fact for the principal, should be recognized in states other than the state where it was prepared and signed originally.
If My Stepmother Willed the House She Shared with My Father to Me, Can My Father Give that House to His New Wife?
A Will is effective immediately upon the death of the Grantor, and must be executed as written at that time.
The Grantor cannot control any property “from beyond the grave.”
If a Partner Owns 25% Share of an LLC and Provides Money for Company Expenses, Is She Reimbursed the Full Amount?
It appears you are confusing an investment in the Limited Liability Company with one member providing money for the expenses of day-to-day operations for the business.
Can an Attorney Send Me a Letter Threatening Multiple Legal Actions if I Don’t Comply with a Demand?
A written statement of potential legal actions to follow should an agreement not be reached is acceptable within a letter from an attorney.
But the ‘threat’ of legal action is not the same as the actualization that the Court will agree with and enforce the threatened stance.
In Lawsuit Against a Sole Member LLC, is the Liability of the LLC Only Equal to the Amount of the Initial Financial Contribution?
No, the Limited Liability Company is liable for all of its own debts, regardless of the amount of capital contribution paid by its Members, even a sole Member.
You may be confusing your thought process with the fact that a Member is not personally liable (in most cases) for the debts of the L.L.C.
May I Pay Back Taxes to the IRS Separately from a Chapter 13 Bankruptcy Plan?
Usually, past due or delinquent taxes are paid through a Chapter 13 Bankruptcy plan.