When it comes to writing a will, a lot of people put it off, for various reasons that all make plenty of sense. Let’s face it, thinking about what will happen when you die is a pretty unpleasant task. A lot of the questions that people ask of Parker estate planning attorneys revolve around writing a will. Why should I have a will? When should I take care of it? Should I update my will? What should a will say? Do I need an estate planning lawyer to write a will? Do I really need a will at all? These are pretty fundamental questions, and some of them have easy answers and some don’t. More importantly, with most of them the answer depends on your personal situation.
Probate Court
In order to understand the role and function of a will, it is important to understand a little bit about probate first. Probate court does quite a few things, but as it affects estate planning, in simple terms, every person who dies goes through some kind of probate process. It’s just the way it is. When someone with no will dies, the probate court decides what to do with any assets that person had, as well has how to handle any outstanding debts. In some cases, this may be relatively simple, but in some cases it can become extremely complicated. If the person who died left behind a well-written will, there is some control over the disposition of assets. The court will determine whether the will itself is legal, and handle any disputes that arise over it. The court will also try to ensure that the debts of the deceased are paid before dispersing assets to family or organizations.
Why Hire a Parker Estate Planning Attorney
In order to be sure that your family is taken care of when you die, it is important to have a valid will that lets the probate court know what your wishes are. The more unusual your wishes are, the more important having a will is. For example, if you wish to leave a large amount of money to some particular charity, or to a person who is not a relative, the probate court will have no way to know that without a will. It is also important to understand what a will CAN’T do, because there are limits. An experienced Parker estate planning attorney can ensure that your will is well-written and valid. He or she can ensure that you understand what life changes necessitate a revision of your will. No one can really make thinking about your death pleasant, but the fact is that, even when healthy, you family is just too important to leave their future up to the discretion of a probate judge.
Call Parker estate planning attorney R Brian Daniel today to discuss your estate planning options. If you don’t have a will, if your life has changed since you last revised your will, or if you simply don’t understand the importance of a will, call Brian today at (303)951-0233. He has helped countless Coloradans to protect their families against the unknown of the future, and to ensure that their families are cared for after their own passing. Brian also has a Dripping Springs, TX Estate Planning Law Office. For more information and a FREE CONSULTATION, contact the Daniel Law Firm today.
American Airlines plans to ask the judge in their federal bankruptcy case for clearance to throw out the union contracts if attempts to reach cost-cutting agreements fail, according to the Denver Post. The lead bankruptcy attorney for the airline has indicated that the airline and union have negotiated in good faith, but union officials have said that they believe the company has intended to ask for the contracts to be thrown out from the start. Federal law allows for the company to throw out the union contracts as long as it first tries in good faith to negotiate with the union for a lower-cost deal, and can show that they need the financial relief. The pilots, flight attendants, and ground workers unions have all been expecting the company, which filed for bankruptcy in November, to ask for relief from the contracts.
Are you a small business owner who is struggling to keep your doors open in a poor economy? Contact a Parker bankruptcy lawyer to discuss your legal options.
The news often reports on bankruptcy actions for celebrities and huge corporations, such as airlines and auto manufacturers, but it is important to understand that bankruptcy can also be a way to keep struggling small businesses operating while they get back on track. There is a belief by many people that bankruptcy automatically indicates that the business is closing; in reality, the goal of a chapter 11 bankruptcy is to provide financial relief by reorganizing debts and other finances in order to make it possible for the business to keep its doors open. The benefit to creditors is that they are more likely to recover some of the money they are owed than if the business closes, and the business obviously benefits by staying afloat.
If your business has been struggling with bills and debt, bankruptcy may be an option to help keep your doors open. Bankruptcy law is extremely complicated, and you need a dedicated Parker bankruptcy lawyer to explain your options, and help you understand and decide whether it may be the best option for you. Brian Daniel is an experienced bankruptcy lawyer who can guide you through the entire process, and help you keep your doors open. For more information and a FREE CONSULTATION contact Brian today at (303)951-0233.
According to The Denver Post, Eastman Kodak Co. announced recently that it will stop making digital cameras, pocket video cameras and digital picture frames. The 132 year old company will continue to produce disposable cameras, however. The company went under bankruptcy protection from creditors last month in a case that involves $6.7 billion in debt. The New York-based company has struggled in recent years due to the failure to keep up with Japanese competitors in the shift from film to digital technology. Kodak has a year to develop a restructure plan for the company’s future. The company still has investors and a firm hope for their home photo printers, high-speed commercial inkjet printers, and workflow software and packaging as their main products.
Have you been considering bankruptcy as an option to reorganize your business? Contact a Colorado bankruptcy lawyer to further discuss your legal options.
In the past few years, a large number of companies have filed for bankruptcy in order to reorganize, in hopes of saving their businesses. Many people believe that filing for bankruptcy is what a company does as they go out of business. However, many businesses are very successful at using Chapter 11 bankruptcy as a tool for financial reorganization in order to keep their business going
If your business is struggling and you are considering bankruptcy as an option then you need to contact a dedicated Parker bankruptcy attorney. Whether it is for business or personal finances, filing for bankruptcy may be the best option. Understanding your options and filing for bankruptcy is a difficult and often a confusing process. Let the experience of a professional bankruptcy lawyer help you make your decision less stressful. For more information and a FREE CONSULTATION, contact attorney Brian Daniel at (303)951-0233.
In its ongoing coverage of Tom Martino’s bankruptcy proceedings, the Denver Post reports that an airplane hangar that he owns is going to be sold publicly as part of the liquidation of assets. The Post reports that Mr. Martino has objected to the sale of the hangar, but under his Chapter 7 bankruptcy, the court appointed a trustee, who oversees the asset liquidation. Mr. Martino’s attorney has indicated that he has settled a number of his debts, and believes that the sale of the hangar should not be necessary, but according to Judge Michael Romero, because the proceedings are Chapter 7 bankruptcy and not Chapter 11, the individual does not have control over the liquidation process. Most of the debts involved resulted from real estate deals that did not come out the way he had hoped with the poor economy.
Are you considering bankruptcy counseling in Denver for a fresh financial start? Contact an experienced Denver bankruptcy attorney to discuss all of your options.
Bankruptcy is an extremely complicated area of law. In many cases, bankruptcy may be the best solution to growing financial problems, and a way to get a fresh start, but knowledge is key. Anyone who is considering bankruptcy needs to educate him or herself as much as possible on the alternatives, the process, and what to expect. Keep in mind that, in order to file for bankruptcy, you need to seek a Denver bankruptcy counselor. There are a lot of myths out there about bankruptcy, some of which make it seem like a better option and some make it seem like a worse option than it in fact is. Anyone heading for a legal process as potentially life-changing as bankruptcy should do so with eyes open, and the best possible information about what will happen during the proceedings.
If you are considering bankruptcy as a solution to financial problems, contact an experienced Denver bankruptcy attorney to discuss your options. Brian Daniel has helped a number of families and individuals to get a new start, and get control of their finances. Brian will make sure that you have the information you need to make a decision, and has the skills and knowledge to guide you through the process as smoothly as possible. For more information and a FREE CONSULTATION, contact Brian Daniel today at (303)951-0233.
According to USA Today, the Swedish company Saab Automobile filed for bankruptcy Monday morning after many attempts at salvaging business deals to remain operational. The company had hoped to rely on investors from Russia and China but ultimately those business deals fell through. Negotiations between China and GM, owner of some of Saab’s technology licenses, were unable to satisfy everyone as GM was concerned about and Saab was forced to file for bankruptcy. The company remains hopeful that the company can be sold in its entirety but many experts are predicting the company will be sold in parts. GM, also under bankruptcy protection, has plans to wind down the Swedish company altogether.
Have you been considering bankruptcy as an option to reorganize your business? Contact a Front Range bankruptcy lawyer to further discuss your legal options.
Business bankruptcy rates are continuing to rise as the financial crisis continues on its course world wide. In Colorado alone almost 32,800 cases were filed in 2010 according to the American Bankruptcy Institute. Knowing that you have options when deciding your next financial move is important and filing for bankruptcy is an option that should be considered.
If your business is struggling to make ends meet and you are considering bankruptcy as an option then you need to contact a dedicated Colorado bankruptcy attorney. Filing for bankruptcy, whether for a business or as an individual, may be the best option considering many are able to bounce back from a processed bankruptcy claim. Understanding your options and filing for bankruptcy is a difficult and often a confusing process. Let the experience of a dedicated bankruptcy lawyer Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.
Business owners are faced with difficult decisions on a daily basis that could make or break their company’s financial stability. And with the economy the way it is today, it is becoming ever more common that local businesses are filing for bankruptcy. The local station of 9 News has reported that Black Mountain Recycling, located just outside of Grand Junction, Colorado, has filed for chapter 11 bankruptcy last month. The company disposes waste-water that is leftover from oil and gas companies. The bankruptcy claim has listed Black Mountain Recycling as having an income of more than $615,000. Unfortunately, the company has accumulated around $2.4 million in liabilities. Most of this was obtained under previous owners when the company operated under the name of Black Mountain Disposal. Even though this company is located near Grand Junction, companies just like it are experiencing bankruptcy throughout the state of Colorado.
Has your business been affected by the economic downturn and have questions concerning your next step? Contact a Colorado bankruptcy attorney to further discuss your options.
With the economy continuing its downward spiral, it is becoming more and more difficult to maintain your business finances. According to the United States Courts website, filing for bankruptcy has gone up nearly 14 percent in the last year alone. In 2010, the number of cases filed in federal courts was around 1,600,000. Knowing that you have options when deciding your next move is important and filing for bankruptcy is an option that should be considered.
If your business is suffering and you are considering bankruptcy as an option then you need to contact an experienced Parker bankruptcy lawyer. Filing for bankruptcy can be the best option considering many businesses are able to come back from a processed bankruptcy claim. Filing for bankruptcy is a difficult and often a confusing process. Let the experience of bankruptcy attorney Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.
Casa Bonita has been a beloved restaurant amongst Coloradans since it was built in 1974. It is highly recognized within the state and has even been featured on popular television shows. It came as a shock to many when it was announced that the colorful restaurant had recently filed for bankruptcy. According to 9 News, Casa Bonita’s parent company, Star Buffet, had filed for chapter 11 bankruptcy. Chapter 11 bankruptcy is available to every business and permits the reorganization required under the bankruptcy laws of the United States. Chapter 11 bankruptcy also allows the organization to remain in control of its business operations. Because of this, Casa Bonita will remain open to the public and continue normal business operations. Casa Bonita is the only restaurant that Star Buffet owns in Colorado but they own 32 restaurants nationwide.
Has your business been affected by the economic downturn of our society? Contact a Parker chapter 11 bankruptcy attorney to further discuss your options.
With the economy being the way it is today, everyone is more cautious about their business finances. According to the United States Courts website, in 2010 the total number of chapter 11 bankruptcies filed was around 13,700. Of those filed, around 11,000 were businesses filing for chapter 11 bankruptcy. Knowing that you have options when deciding your next move is important and filing for chapter 11 bankruptcy is an option that should be considered.
If your business is suffering and you are considering bankruptcy as an option then you need the dedicated services of a professional Front Range chapter 11 bankruptcy attorney. Bankruptcy seems to be a forbidden topic in our society and is often misunderstood. Filing for bankruptcy does not mean your business is irresponsible, many businesses are able to come back from a processed bankruptcy claim. Filing for bankruptcy is a difficult and often a confusing process. Let the experience of chapter 11 bankruptcy attorney Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.
There are very few people who don’t feel the effects of the economic downturn over the past few years, but one might think that the owner of a popular pizza franchise would be able to weather the storm. 9News.com reports that, in an attepmt to do just that, PJCOMN Acquisitions, Inc, the owner of 72 Papa John’s Pizza franchises in Colorado and Minnesota, has filed for Chapter 11 bankruptcy. The company, which owns 40 Colorado Papa John’s locations, has had its assets frozen by court order, including an employee payroll account. The employees are hopeful for an order that the company’s Miami-based attorney expects to come at any time allowing the company to pay them. In addition to the bankruptcy filing, PJCOMN is facing litigation from many of their drivers over issues of wages, and has filed suit against Papa John’s International. Papa John’s International has called this suit frivolous.
Bankruptcy proceedings can become extremely complicated; if you are considering bankruptcy, you need the counsel of a Colorado bankruptcy attorney. In the past few years, a large number of companies have filed for bankruptcy in order to reorganize, and in hopes of saving their businesses. Some people may have a perception that filing for bankruptcy is what a company does as they go out of business, but in fact many businesses are successful at using Chapter 11 bankruptcy as a tool for keeping their doors open. In the case of a company that owns a number of locations of a business, bankruptcy can help to at least keep some locations open.
If you are considering bankruptcy for your business, it is crucial that you speak with an experienced Colorado bankruptcy lawyer. Brian Daniel is a bankruptcy lawyer who has worked with many Front Range businesses and individuals, and can help you understand the process as you work through it. For more information, and a FREE CONSULTATION, contact Brian at (303)951-0233. Brian can be there to help your business during these tough times.
Nine months ago, a Colorado based company filed chapter 11 bankruptcy. Local Insight Media Holdings Inc., owner of the Berry Company, filed for bankruptcy, but is hoping to make a comeback by the end of the fourth quarter according to the Business Journal. The company will emerge with more than 90% of their debt paid off and start off the quarter in a great position. The Berry Company has generated tremendous sales since the early 1900’s, and plans to regain both their image and their clients. President and CEO of Local Insight, Scott Brubaker, states that they are now in a better position to succeed and become a strong company again.
Many companies that have filed for bankruptcy emerge from it and come back stronger than ever. They have learned from their mistakes and become aware of the warning signs. According to Forbes, many companies use their bankruptcy to solve their company’s problems and to reorganize their organization into a stronger business. Bankruptcy is not the only option, but Colorado businesses who are struggling should consider it.
If your business has filed for bankruptcy or is considering bankruptcy, then you need a Parker bankruptcy lawyer on your side. Parker bankruptcy lawyer, Brian Daniel, will help you protect your business and determine if bankruptcy is right for you. For more information on bankruptcy please contact our office at 303-951-0233 for your Free Consultation. Let our Parker bankruptcy attorneys help you and your business during this difficult time.
Restaurants Perkins and Maria Callender’s have filed for bankruptcy earlier this month and have begun to close many of their restaurants nationwide. According to the Denver Post, four Perkins restaurants in the Colorado area have closed due to bankruptcy issues, including all three restaurants in Colorado Springs. There are still nine remaining Perkins locations in the Colorado State area. Perkins filed for a Chapter 11 bankruptcy and is hoping that this opportunity will allow them to improve the restaurants they have left. Maria Callender’s has already closed 31 locations across the board and the remaining Colorado locations do not seem to be effected.
The current state of our economy has led to a drastic number of companies filing for bankruptcy. Many companies are using this opportunity to strengthen the places they still have left and rebuild their company’s goals, and bankruptcy offers them a chance to do this. Companies can file one of three types of bankruptcy, a Chapter 7, 11, or 13. It is important for companies to review all of their legal and bankruptcy options before deciding which path to pursue.
If you or a loved one is considering filing for bankruptcy in Denver, Aspen, Colorado Springs, or anywhere in the State of Colorado, then you need a dedicated Colorado bankruptcy attorney to help assist you through this difficult time. For more information and your FREE CONSULTATION contact Brian Daniel at 303-951-0233. Our skilled and experienced Colorado bankruptcy lawyers are ready to help you.
