Category: Law Dictionary

Law Dictionary

Do You Risk Losing Your Property If You File for Bankruptcy?

Author 23/09/2021

Filing for bankruptcy can be intimidating. It’s even more stressful when you consider that you could lose some of the property you own because of it. Bankruptcy doesn’t mean you lose your assets. It can help you protect your rights and rebuild your credit. A professional bankruptcy attorney can help you to preserve more of your assets.

You might be concerned about your property being lost in bankruptcy. Learn more about the different types of bankruptcy.

Chapter 13

You can keep all property that you own under Chapter 13 bankruptcy filings, regardless of whether it is exempted from liquidation by your creditors. This will allow you to pay down a portion or all of your debts over time if you agree to a 3- to a 5-year repayment plan. When you finish your repayment plan, you will have all of your remaining dischargeable debts paid off and you can keep the assets you have outlined in your protected items.

Chapter 7

You won’t have to repay any dischargeable debts if you file under Chapter 7. You might need to surrender items that are considered non-exempt in rare cases. Certain exemptions to Chapter 7 bankruptcy allow you to keep funds in retirement accounts, tools for your business, small vehicles, and equity in your home.

Filing for bankruptcy can help you protect your income, assets, and prevent you from being evicted. Your vehicle could be repossessed, and your home could be closed. You could also lose your utilities, garnish your wages, and … Read More

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Law Dictionary

Common Law

Author 15/08/2021

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Welcome to the Law Dictionary of Legal Terminology powered by MegaLexica!

The person who begins the family legislation motion by filing a Notice of Family Claim. Under the old Supreme Court guidelines, the one that started the motion was known as the Plaintiff. During a Supreme Court judge and jury trial, the cost to the jury is the instructions given to the jury by the decide which summarize the case and explain the legislation, enabling the jury to apply the regulation to the information of the case. After all evidence is tendered at a trial, Crown and defence are entitled to make submissions (“argument”) to the Court.

Definition for regulation (3 of

A business owned by one spouse may be a family asset, if the opposite spouse contributed in some way, either directly or indirectly, to it. A direct contribution might be money or labour; an indirect contribution could be taking good care of household and household duties in order that the other spouse could concentrate on the business. Family assets are presumed to be divided between the spouses on an equal basis under the Family Relations Act, however may also be re-apportioned (divided in another way) to realize fairness. There are complex legal issues involved. The cross-examination of a party under oath concerning the matters at concern in the motion conducted, prior to trial.

Arbitration. A mini-trial, which can be held rather than a courtroom trial and conducted by a single individual or a panel of three people who … Read More

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Law Dictionary

Black’s Law Dictionary, eleventh

Author 10/08/2021

law dictionaryA case convention is a much less formal meeting with the judge at the courthouse to find out certain points. A family asset is anything owned by both spouses collectively, or by both spouse individually and ordinarily used for a family function. They are topic to division on the breakdown of the marriage.

Due Process of Law. The proper of all individuals to receive the guarantees and safeguards of the law and the judicial process. It includes such constitutional necessities as sufficient discover, help of counsel. and the rights to stay silent, to a speedy and public trial, to an impartial jury, and to confront and secure witnesses.

Where dying is attributable to negligence, both a survival motion and a wrongful demise motion could also be introduced. Summons.

In jury trials that is called the closing handle to the jury, or simply “the closing.” The term also refers to submissions by counsel on authorized issues that arise in relation to any matter earlier than the courts. A legal document during which a person supplies proof of sure information and events in writing, as if the evidence was given orally beneath oath. Affidavits have to be notarized by a lawyer or notary public who takes the oath or affirmation of the particular person making the affidavit in regards to the fact of its contents.

This is to make sure that one witness isn’t influenced (affected) by what another witness says in courtroom. A formal examination of the information and legislation in … Read More

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