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ANAND LAW PC > Blog List with Right Sidebar (Page 4)

REAL PROPERTY VALUATIONS IN CHAPTER 11 AND 13 BANKRUPTCY PROCEEDINGS

[vc_row triangle_shape="no"][vc_column][vc_column_text] Real property valuations are used in Chapter 11 and Chapter 13 bankruptcy proceedings to determine if liens are unsecured or secured, and thus whether or not they can be removed.  Valuations are also used to determine if the debtor (the filing party) falls within the debt eligibility limits—if a lien is fully unsecured, it will go toward the unsecured debt limitation, and if it is fully secured or partially secured, it will go toward the secured debt limitation limit. Property values change constantly, making a critical question, when does the court value the property for the purposes stated above?  Unfortunately,...

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HOW WILL BANKRUPTCY AFFECT MY CREDIT SCORE?

[vc_row triangle_shape="no"][vc_column][vc_column_text]This depends on a variety of factors, including what your score currently is, what chapter you file for, and if you successfully complete your bankruptcy.  While filing for bankruptcy may lower a credit score, it will not necessarily do so. In fact, if you already have a low credit score, filing can actually increase your score, especially after successful completion of a Chapter 13 or Chapter 11 bankruptcy plan in which you pay off some of your debt. Chapter 7 bankruptcy can also, in certain instances, increase a low credit score, after successful discharge.  It is also important to...

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BANKRUPTCY : CHAPTER 13 DEBT ELIGIBILITY LIMITS

[vc_row triangle_shape="no"][vc_column][vc_column_text]As of April 2019, in order to be eligible to file for a Chapter 13 Bankruptcy (for individuals only), you must owe less than $1,257,850 in liquidated, noncontingent secured debts, and less than $419,275 in liquidated, noncontingent unsecured debts.  11 U.S.C. §109(e).  The debt limitations are adjusted every 3 years, with the next adjustment set to occur in 2022.  11 U.S.C. §104(b). Secured debts include home mortgages, judgment liens, and car loans.  Unsecured debts include credit card bills, medical bills, and personal loans (if a personal loan is secured by property, it will count towards the secured debt limitations). It is important to keep in mind that a Chapter...

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Tripped and Fell on a Sidewalk in Los Angeles? Here’s what you need to know.

[vc_row triangle_shape="no"][vc_column width="1/2"][vc_single_image image="2850" img_size="full"][/vc_column][vc_column width="1/2"][vc_column_text]If you were injured after tripping and falling on a public sidewalk, you deserve compensation for your injuries.  As anyone who lives in the City of Los Angeles can attest to, the sidewalks are in a severely bad state. Who is legally responsible for the injuries caused by the accident? The answer is not as clear as one may think, and it varies depending on the circumstances of each specific incident. In some cases, the government (typically the City or County) may be liable for a slip/trip and fall incident. However, homeowners may also be held...

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RECOVERING COMPENSATION FROM THE DEATH OF AN UNBORN CHILD

[vc_row triangle_shape="no"][vc_column][vc_column_text]Sadly, many women who are injured in car crashes, slip/trip and falls, and other accidents experience the heartbreaking death of an unborn child. Usually, if someone is killed as a result of another person’s negligence, the victim’s family may have the right to file a wrongful death claim against the responsible party. But, can families recover compensation for the death of an unborn child?[/vc_column_text][vc_empty_space][vc_column_text] WRONGFUL DEATH CLAIMS [/vc_column_text][vc_empty_space][vc_column_text]In California, the victim’s spouse, children, and in some cases, stepchildren and parents, can file a wrongful death case for the loss of a loved one. To recover compensation in a wrongful death case, the...

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Legal Options When You Slip/Trip and Fall In A Store

[vc_row triangle_shape="no"][vc_column width="1/2"][vc_single_image image="2842" img_size="full" alignment="center"][/vc_column][vc_column width="1/2"][vc_column_text] Often, retailers fail to ensure that there are no safety hazards on their property. Such safety hazards can include liquid spills or broken product fixtures that are not taken care of nor addressed with proper warning signals. As a result, customers can slip/trip and fall and suffer severe injuries such as broken bones, head injuries, or spinal cord damage. What should you know if you are involved in a slip/trip and fall incident? [/vc_column_text][vc_empty_space][vc_column_text] LIABILITY FOR SLIP AND FALL ACCIDENTS [/vc_column_text][vc_empty_space][vc_column_text] The legal concept of premises liability states that property owners must maintain safe conditions on their properties...

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ANAND LAW : COMMERCIAL LEASES

[fusion_builder_container background_color="" background_image="" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_repeat="no-repeat" background_position="left top" video_url="" video_aspect_ratio="16:9" video_webm="" video_mp4="" video_ogv="" video_preview_image="" overlay_color="" video_mute="yes" video_loop="yes" fade="no" border_size="0px" border_color="" border_style="" padding_top="20" padding_bottom="20" padding_left="" padding_right="" hundred_percent="no" equal_height_columns="no" hide_on_mobile="no" menu_anchor="" class="" id=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" spacing="yes" background_image="" background_repeat="no-repeat" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="no" center_content="no" min_height="none" last="no" hover_type="none" link="" border_position="all"][fusion_title margin_top="" margin_bottom="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" size="1" content_align="center" style_type="default" sep_color=""] COMMERCIAL LEASES [/fusion_title][/fusion_builder_column][fusion_builder_column type="3_4" layout="3_4" last="no" spacing="yes" center_content="no" hide_on_mobile="no" background_color="" background_image="" background_repeat="no-repeat" background_position="left top" hover_type="none" link="" border_position="all" border_size="0px" border_color="" border_style="" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="" margin_bottom="" animation_type="" animation_direction="" animation_speed="0.1" animation_offset="" class="" id=""...

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Form 3115 for a Cash to Accrual Method for Small Businesses

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We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

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