How to Deal with Bankruptcy

It is really frustrating when you are about to lose a business you have been building for years. You pour whole spirit and passion and working hard for years to make it grow bigger but the business competition can be unforgiving that you fall into debt problem you not able pay. Filing for bankruptcy sounds like a failure but still it is a good option to help you out of debt problem and get a chance to start a new.

You can’t just declare that your business gone bankrupt. There’s a legal process to follow before you can be officially and legally declared to be bankrupt here in the state of Florida. Just like any other legal process, it can be long, tough, and overwhelming process. Even florida bankruptcy form is already very complicated to fill. While at the same time, you still need to face so many pressures from the creditors. You need a good legal attorney to represent you through the process for successful result. For that, you are highly recommended to go to Merritt Law Office P.A. This is the law office of Keith Merritt, a legal attorney based in Lakeland FL, who has bankruptcy as one of his areas of expertise.

Among many attorneys in lakeland fl, Martin has a good reputation in bankruptcy cases. He has been representing clients, both individual and business, to settle their debt problems through bankruptcy process. With his expertise in bankruptcy law and experience with the Florida court litigation process, he can provide reliable legal assistance to help you achieve your goal from filing bankruptcy. Call the law office and schedule a free consultation with the attorney. He will listen to your situation and will give legal advice on what kind of legal option would be suitable for your situation. You can be sure this attorney will help your bankruptcy case end well.

Legal Issues Covered by Real Estate Law

There are a number of legal issues that can be settled by lawyers who are experts in real estate law. Among these, the following are some of the most popular:

Real estate purchase and sales – lawyers that are experts in this field of law can provide legal services to sellers, buyers, and brokers regarding issues related to the purchase and sale of real estate property. They can help specifically on contract negotiations related to purchases and sales of land, office building, apartment complexes, tax issues, etc.

Litigation – you can also avail services on dispute resolution including litigation, restructuring financial obligations, loan participation, recovery of secured or unsecured assets. Other issues that you can settle with your lawyer are rescission and other fraud/mistake claims.

Commercial leasing – clients who need representations for all types of commercial leasing transactions can also avail such services from a real estate lawyer or firm. Services could cover negotiation and drafting real and personal property leases and other types of leases such as office, industrial, warehouse space, leverage leases, and the like.

Title issues – when it comes to title issues, a lawyer can help you in reviewing a title commitment. He can also give legal advice about considerations you need to take into account before closing a deal. Such considerations could include legal access to public road, document evaluations/issues such as matters visible on the property but not reflected in written documents, easements affecting property, encroachments, current owner identity evaluations, leases, liens and taxes, mineral interests, restrictive covenants, etc.

Easement and license disputes – you can also be helped when it comes to easement issues, including right of way for access, water supply, electricity transmission, drainage or sewerage reticulation, etc. They can also work to settle license issues.

Broker and agent commission disputes – this is one of the most common issues that a person in the real estate ‘arena’ encounters. A lawyer that is expert in this field can help you settle issues such as owner-broker conflicts as well as broker-agents commission disputes.

‘Finding a good lawyer’

With so many real estate law firms in town, it could be difficult for you to find one that provides highly qualified lawyers that can represent you in settling legal issues. However, by employing the right criteria, you can surely find one. Taking the following considerations can help: positive reviews, the number of cases won, testimonials from previous and current clients, the length of time in service.

Real Estate Law – Five Laws Real Estate Investors Need to Know

The idea of investing in real estate has appeal in that it offers a potential supplemental income for the buyer. You may have heard terms like “flipping homes,” where you buy a home at a low price, fix up, and sell for profit; or, you may be interested in buying up property for the purpose of seasonally renting it to part-time residents. However you came to be interested in real estate investments, know that there are a number of laws and regulations, as well as common courtesies, that you should be aware of before you start bidding on contracts.

Let’s take a look at five situations that will require you to understand how real estate law works, and how to proceed during conflicts.

1) Any decision you make regarding a real estate investment must be approved by legal counsel before everything is signed and sealed. If you want to buy a condo, a duplex, or even an entire building, it is wise to have legal representation if you plan to do more with the property than live in it. You will need to be aware of laws regarding tenants and zoning, where applicable.

2) If you are involved in a legal dispute over property, it is important to have all the correct paperwork to support your case. While it would be ideal to have all transactions involving your property run smoothly, inevitably you may run into conflicts with renters. When claims are made with regards to your property, make sure you have written evidence to back up your statements in the event you wind up in court or in a lawyer’s office.

3) To achieve a sound return on investment, consider long term commitments as opposed to shorter turnarounds on property. If you can find an excellent tenant willing to rent your property in the long-term, you may wish to consider offering multi-year leases. Offer prospective tenants a good deal, and it may save you the headache and expense of advertising your property every six months.

4) Make sure you know exactly what comprises the property in which you invest. When possible, have the property inspected and checking for zoning restrictions. You don’t want to be stuck with a building or lot that you can’t use.

5) Understand the mortgage and payment schedules to avoid defaulting. Make sure you know when to make payments and what your rights are with regards to paying for your property.

The more you know about the property you want, and the laws enforced in your area, the better for your real estate investment endeavors.

Real Estate Law and An Attorney to Guide You

Attorneys that specialize in real estate law will document and go over property transactions such as purchases, leases, appraisals and inspections. They may also assist in resolving any insurance and environmental issues. When something happens with a transaction, these lawyers go to court to defend property owners that are involved in lawsuits.

One of the main things a lawyer will do is to draft documents that in adherence with real estate law. They put together purchase contracts, conveyance transactions, financing agreements and leases and rental agreements. It is important to understand that property agents may help their client to fill out these types of paperwork but only a licensed attorney who is experienced with real estate law can draft and revise the documents.

Attorneys that are experienced with various types of property transactions know that it is not uncommon for clients to request that their help to negotiate terms and conditions of various deals. This normally involves working alongside other attorneys, brokers, developers and investors.

There are some lawyers that only deal with reviewing and giving advice on real estate transactions. In this case, the clients will negotiate their own transactions as well as sign the contract and at that point they will request the lawyer look over the deal and give them advice about it. What this entails is that the attorney will look at the legal title issues as well as any environmental issues and any reports, contracts or other documents that are involved in the deal. The reason that clients will turn to a lawyer for this type of advice is that these types of lawyers have the training to notice an issue that their client may not recognize.

Many times real estate deals do not go as planned and when this happens the courts are usually involved in a lawsuit. This is where attorneys and their experience comes into play. The attorney will put together the legal pleadings to file with the judge, file appeals as needed, bargain with the legal counsel on the opposite side to try and work out a settlement deal as well as participate in the necessary hearings and court proceedings.

Most attorneys in this field are trained in mortgage and trust foreclosures. These attorneys are often needed during tough economic times. There are some attorneys that will represent the lender and others that represent the borrower. The ones that represent the lender will help the lender understand the foreclosure process. The ones that represent the borrower will look for mistakes that have been made in the foreclosure process and will also negotiate with the lender to come up with a settlement so that they can stop the foreclosure from going forward.

Real estate attorneys play an important role in handling real estate law. They have many duties and responsibilities when it comes to brokering various deals. It is important to understand that different property attorneys will charge various rates. Some lawyers will have a set price that will cover everything that is needed for your case or they will have a per hour rate that they will charge to work on your case.