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Bankruptcy Petition Preparer
A bankruptcy petition preparer is a person who is not an attorney or an employee of an attorneys who prepares a document for filing in the United States Bankruptcy Court for another person. Bankruptcy petition preparers are authorized in the bankruptcy code under 11 U.S.C. §110, but are limited in the services that they provide direct to the consumer. Prior to 1994, bankruptcy petition preparers generally referred to themselves as "independent paralegals", "legal document preparers". "legal document technicians", "legal scrivener", and other titles. However, the Bankruptcy Reform Act of 1994 prohibited bankruptcy petition preparers from using the word "legal" in any way. Bankruptcy petitioners are generally less expensive than bankruptcy attorneys. However, articles by attorneys often argue that bankruptcy petition preparers are harmful to consumers because of their lack of legal training. Except for Arizona, there is currently no licensing requirements for bankruptcy petition ...
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Bankruptcy Reform Act Of 1994
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their physical labour. Many city-states in ancient Greece limited debt slavery to a period ...
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Money (magazine)
''Money'' is an American brand and a personal finance website owned by Money Group. From its 1972 founding until 2018, it was a monthly magazine published by Time Inc. and subsequently by Meredith Corporation from 2018 to 2019. Its articles cover the gamut of personal finance topics ranging from credit cards, mortgages, insurance, banking, and investing to family finance issues, including paying for college, credit, career, and home improvement. It also publishes an annual list of "America's Best Places to Live". History The first issue of ''Money'' magazine was published in October 1972 by Time Inc. The magazine, along with '' Fortune'', partnered with sister cable network CNN in CNNMoney.com after the discontinuation of the CNNfn business news channel in 2005. In 2014, after Time Inc.'s spin-off from its parent company Time Warner, which also owned CNN, Money launched its website, Money.com. After Meredith Corporation acquired Time Inc. at the beginning of 2018, ''Money' ...
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Social Security Number
In the United States, a Social Security number (SSN) is a nine-digit number issued to United States nationality law, U.S. citizens, Permanent residence (United States), permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as . The number is issued to an individual by the Social Security Administration, an Independent agencies of the United States government, independent agency of the United States government. Although the original purpose for the number was for the Social Security Administration to track individuals, the Social Security number has become a ''de facto'' national identification number for Taxation in the United States, taxation and other purposes. A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card. History Social Security numbers were first issued by the Social Security Administration in November 1936 as part of the New Deal Social Securit ...
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Legal Professions
A lawyer is a person who is qualified to offer advice about the law, draft legal documents, or represent individuals in legal matters. The exact nature of a lawyer's work varies depending on the legal jurisdiction and the legal system, as well as the lawyer's area of practice. In many jurisdictions, the legal profession is divided into various branches — including barristers, solicitors, conveyancers, notaries, canon lawyer — who perform different tasks related to the law. Historically, the role of lawyers can be traced back to ancient civilizations such as Greece and Rome. In modern times, the practice of law includes activities such as representing clients in criminal or civil court, advising on business transactions, protecting intellectual property, and ensuring compliance with laws and regulations. Depending on the country, the education required to become a lawyer can range from completing an undergraduate law degree to undergoing postgraduate education and pro ...
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