Commercial Law

Everyone knows – at least generally – what it means when a person is “bankrupt.” It means that a person no longer has the money to pay off their debts. But what, exactly, does “bankruptcy” mean, in a legal sense? This article is intended to provide an answer to that question as well as a very brief introduction to the two major forms of bankruptcy that are available to individual consumers: “Chapter 7” and “Chapter 13.”

Auto Lease Termination

The Servicemembers Relief Act allows active duty servicemembers to terminate an automobile lease, without having to pay additional charges, if one of the following situations apply:

This website has been prepared for general information purposes only. The information on this website is not legal advice. Legal advice is dependent upon the specific circumstances of each situation. Also, the law may vary from state-to-state or county-to-county, so that some information in this website may not be correct for your situation. Finally, the information contained on this website is not guaranteed to be up to date. Therefore, the information contained in this website cannot replace the advice of competent legal counsel licensed in your jurisdiction.

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