Solving Your 21st Century Dilemmas With The Help Of A Lawyer

(2) The issue of bankruptcy.
We live in a society that adores use of leverage. Whether it be for consumerist
reasons, or for business investments, the use of leverage has been a key
component of driving 21 st century economies. Do take into consideration that
without debt, we wouldn’t have finance sectors at all.
Of course, debt has its problems. One may borrow or over-consume borrowed
money, while lacking the ability to pay it back. This is especially a trouble that
afflicts businesses, and is what is described as bankruptcy.
It’s not an easy process where you simply go “Well, I can’t pay back, so excuse
me”. Bankruptcy involves a lot of negotiations on your part with those who lent
you money, in addition to paperwork. These are all aspects which require the aid
of an experienced lawyer.
(3) The issue of estate planning.
Being one of the most important sectors in the US economy (and the one
responsible for the world financial crisis a few years back), planning estate
control, especially for family, is very important.
Ownership of real estate may belong to a business, or to an individual, but what
happens if those legal entities disappear? Who gets the property?
This is another issue, where having a lawyer is important. Proper planning of real
estate control prevents future conflicts after the controlling party passes away or
is dissolved.