Law about consumer financial problems
An accounting period shows when an account cycle begins and ends. It is an established time frame within which accounting functions are performed, summarized, and analyzed for the calculation of all annual financial information such as income taxes.
Campaign finance law regulates the funding, advertisement, accounting, and procedures involving campaigns and their organized efforts to achieve political goals. Federal elections must abide by numerous types of limitations on contributions and reporting obligations intended to balance between First Amendment rights and providing an open election.
Capital gains refers to profits gained from the sale of capital assets. Almost everything someone owns and uses for personal or investment purposes is a capital asset. This includes a home, personal-use items like household furnishings, vehicles, or intangibles such as stocks or bonds held as investments.
Causa mortis is a Latin term referring to the awareness that death is approaching. In property law, when a party, acting with awareness that their death is approaching, gives something to another party, the resulting gift is known as a gift causa mortis.
A certified check is a type of personal check that guarantees there will be enough funds available for the recipient by the issuing bank. A bank certifies the check and verifies that the account holder’s signature on the check is genuine.
Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan; see Tamir v.
In 1986, Congress enacted chapter 12 of the Bankruptcy Code to allow farmer debtors with regular annual income to achieve debt relief.
In general, insolvent individuals have the choice of either a chapter 7 or chapter 13 bankruptcy, each governed by the United States Bankruptcy Code. Chapter 13 of the Bankruptcy Code is titled "Adjustment of Debts of an Individual with Regular Income" and, if available to the
Chapter 13 of the United States Bankruptcy Code allows individuals with regular income to develop a plan to repay some or all of their debts.
When a debtor becomes insolvent and the bankruptcy proceeding begins, the debtor will either
