Burial policy is an insurance policy used to cover the costs of funeral or cremation expenses for a person who has died. Burial insurance is paid out directly to the beneficiary who may need the money to cover funeral or cremation expenses,...
money and financial problems
campaign finance law
Overview
Campaign finance law regulates the funding, advertisement, accounting, and procedures involving campaigns; the organized efforts to achieve a political goal. Federal elections must abide by numerous types of limitations on...
capital gains
Capital gains refers to profits gained from the sale of capital assets. Almost everything someone owns and uses for personal or investment purposes is a capital asset. This includes a home, personal-use items like household furnishings,...
causa mortis
Causa mortis is a Latin term referring to the awareness that death is approaching. In property law, when a party, acting with awareness that their death is approaching, gives something to another party, the resulting gift is known as a gift...
Chapter 11 bankruptcy
Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan; see Tamir v. United States Trustee. Accordingly, the central goal of...
Chapter 12 bankruptcy
In 1986, Congress enacted chapter 12 of the Bankruptcy Code to allow farmer debtors with regular annual income to achieve debt relief. Accordingly, chapter 12 bankruptcy provides relief to debtors who qualify as family farmers and family...
Chapter 13 bankruptcy
In general, insolvent individuals have the choice of either a chapter 7 or chapter 13 bankruptcy, each governed by the United States Bankruptcy Code. Chapter 13 of the Bankruptcy Code is titled "Adjustment of Debts of an Individual with...
Chapter 13 plan
Chapter 13 of the United States Bankruptcy Code allows individuals with regular income to develop a plan to repay some or all of their debts. Debtors are required under this chapter to propose a repayment plan to make installment payments...
Chapter 7 bankruptcy
Overview
When a debtor becomes insolvent and the bankruptcy proceeding begins, the debtor will either liquidate its assets or reorganize its debts. The liquidation route is governed by Chapter 7 of the Bankruptcy Code.
In a...
Chapter 9 bankruptcy
Chapter 9 of the U.S. Bankruptcy Code provides a legal remedy for insolvent municipalities to "provide adequate municipal services" to residents (In re City of Detroit). Specifically, the provisions permit municipalities to file for...