What happens to your outstanding debts, like utility bills, when you die? In theory, the trustee or executor of the estate will see that the bills are paid before any remaining funds are disbursed to the heirs. If the estate can’t pay the bills, companies simply have...
Trusted Toledo Attorneys Here For You In Difficult Times
Month: July 2017
What happens when you’re busted for shoplifting
Getting caught shoplifting triggers a series of distressing problems. Some are psychological: You feel ashamed. You get mad at yourself. Telling your family is super stressful. You feel you let them down. The store that caught you will likely issue a trespass warning,...
What happens if you make a mistake in bankruptcy court?
Filing for bankruptcy can be complicated, so it’s easy to make a mistake — but some mistakes can be costlier than others. When you first file for bankruptcy, you have to file “schedules,” which are very detailed lists of all your income, expenses, assets and debts....
You can skip probate?
Yes — it is true, for many kinds of assets. The best way to keep a critical asset out of the probate process is not to own it – at least, not all by yourself. We at Mahaffey & Associates LLC encourage clients in the Toledo area to consider the benefits of...
Should your business file Chapter 7 or Chapter 11 bankruptcy?
If business is no longer booming, it may be time to consider bankruptcy — but first you need to take some time to consider your options. First, take a hard look at your business. Ask yourself the following questions about your business in order to determine if it is...
Self-defense is still allowed despite illegal activity
Being engaged in an illegal activity doesn’t negate your right to act in your own self-defense. Being on the losing end of a gun battle doesn’t necessarily mean the survivors won’t get charged with some form of murder if they started the fight. Those are the basic...