Probate- Facilitating Proper Distribution of Estate

Probate is simply the legal procedure utilized to ensure that an individual’s personal property and possessions are properly distributed upon his or her death. In a simple nutshell, the probate process is designed to make certain that debts owed to a deceased individual are properly paid; that someone is in control of distributing the deceased’s …

Placing a Business Under Rehabilitation- Pros and Cons

The Federal Rules of Bankruptcy Procedure, also called the Bankruptcy Process, are a group of federal procedural rules prescribed by the Supreme Court of the United States pursuant to the Rules Enabling Act. They are basically the same as those found in civil processes, with significant differences. They provide for orderly debt collection and distribution …