Probate administration applies only to probate assets. Probate assets are those assets owned in the decedent’s sole name at death or owned by the decedent and one or more co-owners and lacked a provision for automatic succession of ownership at death. Examples of assets or property that may be probate assets may include: A bank […]
Probate is a court-supervised process for identifying and gathering the assets of a deceased person (decedent), paying the decedent’s debts, and distributing the decedent’s assets to his or her beneficiaries. In general, the decedent’s assets pay the probate proceeding’s cost, the decedent’s funeral expenses, then the decedent’s outstanding debts. The remainder of the assets is […]
Faillite 101 La faillite est un processus par lequel les consommateurs peuvent éliminer ou rembourser une partie ou la totalité de leurs dettes sous la protection du tribunal fédéral des faillites. Généralement, la faillite prend l’une des deux formes suivantes : la liquidation ou la réorganisation. À court terme, la faillite empêche les créanciers de […]
Bankruptcy 101 Bankruptcy is a process by which consumers can eliminate or repay some, or all, of their debts under the protection of the federal bankruptcy court. Generally, bankruptcy takes one of two forms — liquidation or reorganization. In the short term, bankruptcy prevents continued efforts by creditors to collect debts. In the long term, […]
Faillite en Floride Le dépôt de bilan en Floride n’est pas très différent du dépôt dans un autre État. Le processus de faillite relève de la loi fédérale, et non de la loi de l’État de Floride, et fonctionne en dénouant les contrats entre vous et vos créanciers. Les lois de Floride entrent en jeu […]
