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Bankruptcy is a situation, wherein an individual is termed as unable to discharge all the debts. When a person or a company is not able to pay off its creditors, it has an obligation to file a bankruptcy suit. In fact, a bankruptcy suit is a When you work with an attorney, you will have no problem reducing the risks associated with getting your case in front of a judge and jury, or other formal court, when you need to. However, every case is different. It is important to work wi
When you make a decision to lodge a case there are a few points to be considered. First, we need to evaluate the legal position. This shall depend on:1. The applicable law. Which law will be applied in order to resolve the dispute?2. Do the local courts have a jurisdiction over the dispute?3. Is there enough evidence to prove what is claimed? After making a good evaluation and determining there is a good chance of receiving what is claimed, we must evaluate the chances of the judgment being executed and collection of what was awarded. This shall depend on:1. Whether the other party is a natural person or an entity.2. If the other party is a natural person, does he have enough money, assets, property etc, in order to guarantee collection of the claimed amount, in case he refuses to execute the judgment.3. If the other party is an entity, is it a company or an establishment? And if it is a company, then what type of company is it? Is it a personal or capital company? In both evaluations – winning and execution evaluations- there must be a good channel of communication between the plaintiff, which is the client, and his lawyer. Article Tags: Other Party
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