Archive for the ‘Bankruptcy Attorney’ Category

Bribing Prosecutors and Police

Bankruptcy Attorney

The poll results are diverse. Half of respondents said corruption is a big issue. In Australia and New Zealand, only 16 percent of lawyers who claim corruption is an important issue. In Africa, Latin America, and Eastern Europe, 70 percent of lawyers corruption is an important issue.
One third of the 624 lawyers who were respondents said there were international lawyers-related corruption. The lawyers often have to bribe prosecutors and police officers.
The poll also indicates that corruption is very widespread and involve various professions and also corporate. Nearly 30 percent of respondents said they had lost business because of the corrupt law firm.
Meanwhile, less than 40 percent of respondents said that fighting corruption is a priority in their law firms and only 43 percent who said their associations provide some guidance on how to overcome the problem of corruption.
Other information from the poll is only about 60 percent of respondents are aware of the existence of international rules designed to combat corruption, such as Antipenyuapan OECD Convention and the UN Convention Against Corruption.

Corruption confuse Performance of Lawyers

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More than one-fifth of lawyers who work in 95 jurisdictions throughout the world recognizes has been interrupted because of endemic corruption. In fact, there are those who act as agents in transactions involving corruption.
This was revealed in a poll conducted by the International Bar Association, in cooperation with the Organisation for Economic Cooperation and Development (OEDC). The poll results presented at the association’s annual meeting in Vancouver, Canada, on Monday (4 / 10). The poll conducted between June 15 and July 5.
The report states, polls can not represent the situation in the countries surveyed because the sample size small. In Pakistan and Guatelama, for example, there is only one of five lawyers who are willing to answer questions. In China, only six out of 10 lawyers to answer questions.

Supporting Basic Needs After Bankruptcy

The bankruptcy law is created to solve conflict between creditors and debtors in debt problems. The debt problem starts when debtor has difficulties in repayment of the debts. The solution should be fair between the two parties. The creditor should be able to recover the debt at the most possible amount, and the debtor should be supported to continue living in minimal basic needs. How the law of bankruptcy supports the two parties fairly especially for debtors?

The debtors is protected with exemption items or assets in bankruptcy. It means that the bankruptcy process will use the debtors’ assets to pay off the loans, but will allow certain assets for the debtors for survival. Here is the sample of the exempted assets: home ownership of $ 53,375 for single owner and $106,750 for multiple owner, motor vehicle of $5,350, household goods at $ 4,275, Jewelry of $1,075, Liquid assets of $ 5,350, tools of trade of $1,600, wildcard of $5,350 and unmatured life insurance of $4,275. Beside those assets, the retirement benefit is also exempted. This list will have update from time to time based on the newest regulations, you should contact bankruptcy lawyers in Greenville sc for the latest list of exempted assets.

The advantage of bankruptcy such as debt wipe put or debt consolidation should not be given to someone who intentionally abuse the law for personal interest. The law has been amended to protect creditors from this practice. The chapter 7 bankruptcy, for example, is now only eligible for people who pass the Mean Test to confirm the financial hardship. This is a test to current monthly income of the debtor. Bankruptcy attorney in Greenville sc will be the best support for you to prepare the required document for this test.