Do I need anything to own a web hosting company in Franklin, TN?

There's nothing that requires you to turn your business into an entity registered with the secretary of state, but failing to do so means you're a...

In a chapter 11 bankruptcy how are claims involving barter or foreign currency handled where the US dollar value is variable?

I agree with Michael. On the petition date, your claim will have a fixed USD value. Fluctuations in the exchange rate aren't going to affect the...

A client of mine filed Chapter 11 and did not name me as a creditor. Client continues to pay monthly. What should I do?

Were you owed money as of the petition date? If not, then you don't have a claim and there wasn't a reason to list you as a creditor. If you were...

Can i build a case against this car dealership? and if i do, how much power do i have in this situation, can money be retrieved?

I suspect the answer is no, although a few more facts are required. If the sales contract and the documentation that accompanied the purchase...

Can I take legal action against investors invovlved in a LLC if the majority owner is going to file bankruptcy or chapter 11?

Until a bankruptcy is filed, there's no automatic stay in place and you're free to pursue a non-debtor through all available legal channels. I...

I agree with Michael. Keep in mind that the lender may want you in bankruptcy because the process requires transparency into your financial life. ...

Chapter 11: Are un-reimbursed expenses treated differently than unpaid services when a client goes bankrupt

If the debtor is in Chapter 11 and a Chapter 11 trustee has not been appointed, then the debtor is considered the trustee. Either way, it's...

If the debt was reduced to a judgment, you're outside the scope of a statute of limitations (which creates a statutory deadline by which a party...

In State of Tenn is an IRA protected from garnishment in the case of a judgement? How long does a judgement last?

Your IRA is safe; Tennessee law exempts this from collection. Your social security benefits are also exempt from collection pursuant to Section...

If you buy a used car from a car lot don't you have a three days to back out of the deal and get your down payment back

Unfortunately, you don't have that right unless it's built into the contract (which is highly doubtful and not commonplace in standard purchase...