Archive for January, 2012

Personal Injury V.S. Bankruptcy

Tuesday, January 17th, 2012

As it has become common knowledge today the United States is currently in a state known as a recession. Many individuals feel the recession in different aspects. A consumer/citizen feels the impact of a recession in their pocket and has to differentiate what is a need and want when spending. A company might feel the recession in their sales if it is a luxury item, or priced high that individuals simply do not need. Basically, people have finally come to terms with the value of a dollar and what all can truly be done with it especially when saved.

However, sometimes your dollars and cents can easily be impacted. Let’s say for example that your walking in a department store looking for a toaster. As you see the aisle marked “Toasters” you then begin to make your way to it only to find yourself on the ground in the next instant thanks to an unmarked puddle of water on the floor. As a result from the fall you just broke your shoulder. This is known as a personal injury, which people can easily fight for the damages sustained from the incident in order to make sure medical bills and lost wages are accounted for.

Yet, does a bankruptcy impact your personal injury claim and case? Usually in a bankruptcy, the stipulation that an individual’s possession are repossessed comes to mind to many. One then can easily jump to the idea that a personal injury lawsuit could end as a result of such occurrence. However, depending on most state laws a personal injury suit can be exempt only up to a certain amount of money, or damages received.

When you file bankruptcy it is highly important that an individual list a personal injury past, or present case taking place as an asset so that they may file for their exemption of such instance occurring in order to make sure that their damages are not completely taken. It is very important to make sure that when fighting for your personal injury case while in bankruptcy to let all parties associated with the case whether it is your lawyer, or another parties lawyer aware of you and your circumstances.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

 

Credit Cards, Necessities and Bankruptcy

Friday, January 13th, 2012

In this day and age money is needed from a small and large scale. For instance, our country is in an economic recession and even our national debt is at a record high. Individuals today are feeling both of these in many various aspects from employment, to income, to even what bills they are paying for and what food is being put on the table. Many individuals are not only fighting for their jobs and staying afloat in the job market, but they are simply trying to make sure they are just on their feet still standing at the end of everyday.

However, sometimes individuals are faced with situations that luck is not on their side that results in their employment termination, or having to take out money in order to pay for something that was unexpected. Credit cards are there in the minds of individuals as a lifeline to help them climb out of a hole with money that they might not have available in their banking account, or income at all.

Necessities have evolved over time to having to pay for electrical bills, buying food for your family, having clothing, and shelter for themselves and family. However, if you are currently in bankruptcy and you charge necessities to a credit card such as clothing, food, and shelter will you be prevented from filing bankruptcy?

The correct answer is no. Within bankruptcy stature, Section 523(a)(2) states basically that individuals can still file bankruptcy if charges were made on necessities that are within the reasonable spending limit of $500 that are not luxury items. Although the government may sometimes be seen as something that is not always on everyone’s side individuals can rely on the care and help that bankruptcy laws state in order to make sure that they are still living with things that they need for themselves and their families.

Bankruptcy is a real action that many individuals today are coming to face. When your facing a potential bankruptcy, individuals are advised to seek legal consul of a dedicated, determined attorney that is there to fight for their rights and needs.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.