Once a Will is pending in probate court, there are procedures in place that allow recipients to petition the probate court to review the conduct of the executor appointed to oversee the handling of the estate.
Do I Need to Complete ‘Credit Counseling’ Before I Can File for Bankruptcy?
To successfully file for bankruptcy, debtors must complete both a Credit Counseling Briefing prior to filing and a Debtor Education Course before a discharge is entered. These courses must be approved by the U.S. Trustee, and failure to file certification that these courses have been completed at the appropriate time may mean that your case is dismissed or your discharge denied.
Does a Limit Exist on Interest Rates a Credit Card Company Can Charge Me?
In some states in the country, usury laws are in place that cap or limit the amount of interest that can be charged on certain loans or indebtedness. (Usury is charging a price for credit that exceeds the limits set by law.) For example, the state of Ohio currently limits interest rates to 21% on personal loans made in that state.
However, 26 states have no limit in place on what a bank or credit card company can charge for interest rates on card accounts, according to the American Bankers Association.
Do I Need a Will if I Want My Assets Transferred First to My Spouse Then to My Children?
The common perception is correct that, in most common cases, assets transfer first to the surviving spouse and then in equal percentage to the children if no spouse is surviving.
But there are a number of benefits to creating a Will, especially given the low cost and ease to do so.
Can Standard Legal Provide Complete Sample Documents to Me Prior to Purchase?
The content of the legal forms is the product we sell. Standard Legal — and any other legitimate legal forms software company — cannot provide product to the public prior to purchase simply because there is no way to protect any type of written content in any commonly-used digital format from copy and use after it is provided.
Can I Be Sued to Collect a 12-Year-Old Credit Card Debt?
The “statute of limitations” is a time period set by state law after which one can no longer bring a claim against another person — it is a “time limit” in essence. If your state’s statute of limitations on a contract or an account with the credit card company is, for example, ten years, the attorney attempting to collect the debt can no longer pursue your mother for this debt (or cannot, at least, file a lawsuit against her to collect the money).
How Should an Asset Transferred to a Trust Be Titled?
Typically, the title of an asset should be transferred from the individual owner’s name(s) to the names of the Trustee of the Trust.
Can a Bank Foreclose on My House if I File Chapter 13 Bankruptcy?
Under federal bankruptcy law, once a person files a case, creditors are “stayed” from taking any action to collect on their debt. As long as your Chapter 13 plan is confirmed by the Bankruptcy Court and you make both your Chapter 13 plan payments and your current mortgage payments, the mortgage holder should not be permitted to take any action to foreclose on your home.
Do I List a Recently Completed ‘Short Sale’ of My Home in My Bankruptcy Filing?
Yes! Pro se filers must make the Bankruptcy Court aware of all assets and asset transfers or sales.
Does a Person Facing Foreclosure Help Their Credit Score by Filing Bankruptcy Instead?
Credit scores are not law-related in any way, and as such Standard Legal cannot offer a response.