When your small business applies for a bank loan, and it’s approved, the loan agreement will likely contain loan or restrictive covenants. It’s simply a statement between lender and borrower stating that your small business can and can’t do certain things while you’re paying on the loan. If the bank considers your business high risk, [...]
An argument over real estate property and boundary lines can cause a great deal of uncertainty. Perhaps you and your neighbor have different expectations in terms of boundary ownership. A common type of boundary dispute is called technical causes. When you are embroiled in a technical boundary dispute, it means your neighbor’s deed indicates possession [...]
Around the country, families are turning to different forms of debt relief to keep their properties and avoid bankruptcy. In the second quarter of 2018, more than 188,000 people filed for foreclosure. There’s no denying that foreclosure is traumatic for everyone, not to mention the fact that it can lead to a bad credit score. [...]
It’s human nature not to want to plan ahead for things we’d prefer to avoid, like illness or death. Yet, 42% of Americans have a friend or relative the suffer from a terminal illness. There might just be a time when you need someone to step in and take care of your health care decisions. [...]
Isn’t “Results Oriented” A Buzzword? What does it mean to be “results oriented?” On the surface, it sounds like a click bait phrase employed to make a simple idea--focus as a positive quality--into a multi-syllable buzzword. Unfortunately, a lot of so called professional blogs, sites, and social media pages are very “results oriented” when the [...]
What Is Bankruptcy? Bankruptcy is a method--put in place by federal law--for individuals and businesses to discharge their debts. Bankruptcy can be confusing as certain kinds of debts cannot be discharged, while other kinds may only be disposed of subject to special terms and conditions. If a person can prove that they are bankrupt, however, [...]
What Is A Trade Secret? A “trade secret” is a little like McDonald’s “special sauce” or Kentucky Fried Chicken’s “11 secret spices.” For a fast food restaurant, it’s an ingredient or recipe--for a real estate agent, it might be a sales formula or lead-generation system. In the Fortune 500 context, Tesla’s new battery technology or [...]
How Can I Organize My Small Business? If you’re reading this, odds are you own a small business or you’re seriously considering starting one. You’ve probably spent years pulling together your initial funding, drafting a business plan, looking at commercial real-estate, and doing all the other myriad tasks required to get a new venture up, [...]
What Is A Foreclosure? If you’re reading this, odds are you already know what a foreclosure is and how it may affect your life. Nevertheless, a brief review might help explain the issue in a little more detail. Put simply, a foreclosure is the legal process by which a bank or other lender may take [...]
Labor Day marks the end of summer and for many, it is the last care-free summer holiday before fall schedules and school terms take over their lives. Mysterious Holiday: Labor Day Labor Day History and its Heritage Touches Our Working Life Every Day Labor Day is such a mysterious and perhaps misunderstood holiday [...]
