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In a situation where only one spouse files, the income and expenses of the non-filing spouse are required so that the court, the trustee, and creditors can evaluate the household’s financial position.

Liquidated Damages are a sum which a party to a contract agrees to pay or a deposit he agrees to forfeit, if he breaks some promise. Without the liquidated damages provision, the parties would be forced to argue about each alleged cost the owner incurred because of the delay.

A hallmark of a partnership is the sharing of “any profits, income, expenses, joint business property or hav[ing] authority of any kind over each other.” Wilder v.

One of the most common misconceptions we encounter from prospective bankruptcy clients is the notion that if they file bankruptcy, all their possessions will be taken away.

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The Opinion referenced cases from other jurisdictions reaching the same result in a situation the Court described as "rare." The other issue resolved in the Opinion was whether Tuttle could be liable for a breach of the agreement to purchase the nursing facility even though he had not signed it. The Plaintiff responded that the Tuttle was part of a joint venture, that the contract had been signed by an authorized agent of the joint venture, and that it was therefore binding on Tuttle.

If your debt is primarily consumer related (credit cards, for instance), some additional documentation is required, such as: Married couples may file petitions for bankruptcy jointly or individually.

Married individuals must gather this income information for their spouse regardless of whether they are filing a joint petition, separate individual petitions, or even if only one spouse is filing.

The following stores announced yesterday they would be CLOSING their doors by December!

the Consumer Reporter, suggests not giving gift cards at all this year.




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