Employer Fundamentals: Understanding Employment Law
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Employer Fundamentals: Understanding Employment Law

As a business owner, keeping informed about the finer points of employment law is important. If you're getting ready to hire your first employees, you need to be sure that you understand exactly what you can and cannot do. Don't risk getting yourself into legal trouble by asking the wrong question at the interview or making an off-hand comment that's considered legally unacceptable. I created this site to give you the basics of employment law expectations. I hope that the information here helps you to understand what you should and shouldn't do as you're interviewing and hiring your first staff members.


Employer Fundamentals: Understanding Employment Law

4 Reasons You Really Need A Bankruptcy Attorney

Irene Robertson

Filing for bankruptcy is something you definitely want to avoid, if you can, by establishing good credit and keeping your debt to income ratio low. However, if your credit is so bad that it is almost unfixable, filing for bankruptcy may be your best and only option to getting out of debt. However, before you file, you should consider consulting with a bankruptcy attorney. Here are four reasons why you really need one:

  1. You May Not Need to File: First off, you may not even need to file for bankruptcy. When you meet with a bankruptcy attorney for the first time, they can determine whether or not you truly need to file for bankruptcy. If you have other options, those will be disclosed to you and they may be options that you never even considered but would definitely be more helpful in your situation. However, if your bankruptcy attorney decides that filing is best, they will help you determine which type of bankruptcy to file for. For example, the most common are Chapter 13 bankruptcy and Chapter 7 bankruptcy. It's important that you don't file the wrong one.
  2. You May Provide the Wrong Documents: When you file for bankruptcy, you have to provide the right documents that show the reasoning for filing. Your bankruptcy attorney will tell you what exactly these documents are. If you file with the wrong documents or lack of the paper documents, it can slow the process of filing, which just means that you are going to have to wait longer to get out of debt. 
  3. You Don't Understand Property Exemptions: When you file for bankruptcy, you are essentially giving up your right to own your property. The property can be taken from you in order to help pay off your debts. However, there are some exceptions, which fall under property exemptions. You have to know what property qualifies for this and how to file for it. Your bankruptcy can help you do this, which can save you from having to give up a family heirloom or a piece of property that you absolutely need in order to work or help yourself stay out of debt in the future.
  4. You May Not Receive the Proper Certification for Financial Management Courses: When you file for bankruptcy, you have to attend credit counseling, as well as financial management courses. If you take the wrong course, you can fail to provide the proper certification that allows you to continue with the process of bankruptcy. A bankruptcy attorney will know who to refer you to for proper credit counseling and financial management courses. 

When you understand the reasons for the hiring a bankruptcy attorney, like one from Knollmeyer Law Office, you can see how it can both help speed up the process, as well as provide essential protection that you need during this financially straining time in your life.