Chapter 7 bankruptcy, under consumer bankruptcy law, is when a debtor agrees to liquidate assets. In exchange for surrendering assets, rights are conferred to the applicant. These include an automatic stay on the actions of creditors. What's covered under the...
Closing on a house in Pennsylvania isn't as simple as signing a document and obtaining the home's title. You will have to pay the closing costs in guaranteed funds to finalize the purchase. Promissory note and deed of trust If you are receiving financing to buy the...
Residents of Stroudsburg and other areas of Pennsylvania may want to learn more about the closing of a real estate purchase. It is the process that transfers ownership of a property after there has been a contract. According to real estate experts, awareness of these...
As summer approaches in Pennsylvania people will be out and about. That means vehicle trips. Being on the road always has its risks, but there are certain times of the year when specific dangers arise. For the summer, it is important to be aware of them to try and...
While motorcycles only make up about 3% of all registered vehicles, they accounted for 14% of all traffic fatalities in 2017. The main cause of these accidents was found to be that the vehicle drivers were unable to see the motorcycle drivers until it was too late. As...
Some Pennsylvania residents may believe that a loved one's will is invalid or was made inappropriately. When this happens, a person can challenge the validity of the will, which will affect the probate process. However, there are only specific people who are allowed...
Pennsylvania citizens who file for Chapter 7 bankruptcy will undergo the process of having to sell some of their assets. While it's a common misconception that you'll have to sell all of your assets, that's actually not the case. State and federal laws help to...
If you're about to buy land in Pennsylvania, it's understandable to have some questions. Considering the cost of land, it's imperative to make sure you're making a smart purchase. Fortunately, doing this becomes easier after learning a few important factors to think...
Cellphone use could cause distractions and an accident. Upon making this statement to Pennsylvania workers, they may immediately think of car collisions. While phone use might lead to a car wreck, someone lost in texting or a conversation might cause an accident at...
Inheritance tax rates in Pennsylvania vary depending on the type of beneficiary. The tax collected on an inheritance is 4.5% for those who are direct descendants and anyone who is considered to be a lineal heir. Siblings must pay 12% in taxes. Other types of heirs...
