Bankruptcy and your Business: What you need to know!

business bankruptcyMost people associate bankruptcy with bad things, yet the truth is that it can help you reorganize your finances and handle debt. When companies decide to take this step, they file a Chapter 11 bankruptcy. As long as they work with experienced Utah bankruptcy lawyers, this might be the best decision to make.

What is Chapter 11 Bankruptcy?

This type of bankruptcy involves reorganizing a company’s affairs, assets, and debts. It allows a business to keep operating and restructure its responsibilities.

How Does Chapter 11 Bankruptcy Help Reorganize Finances?

To ensure that both creditors and owners get the maximum return, there will be some financial restructuring. This can be downsizing the company’s operations to minimize expenses, renegotiate debts, and in some cases, liquidate some assets to repay creditors. The process is complicated, and since the courts are involved, it is good to have a bankruptcy attorney Taylorsville representing you.

How Does the Type of Business Set up Determine Who is Responsible for The Debts?

Sole proprietorship

In a sole proprietorship type of ownership, you and your business are considered the same entity. That means you are personally responsible for the debt. If the company lacks enough money to cover debts, creditors can come for your personal assets.

Partnership

Here, each partner is responsible for the companies’ debts. If the company lacks enough money to pay debts, creditors can come for your personal assets as one of the owners.

Corporations and Limited Liability Companies

In these types of business arrangements, your personal assets are protected. However, if, by any chance, you may have given up your limited liability protection, then creditors can come for personal assets. Having an Alta Legal team by your side to explain these things will help you with the whole process.

How an Attorney Can Help

Hiring a bankruptcy attorney Taylorsville UT will help you and your business analyze the different aspects of your business and decide what will help you get out of debt. For instance, if downsizing operations to minimize expenses is the ideal solution, then that is what they will help you with. They will also ensure you are not harassed by creditors and help ease the business back to profitability.

 

worker compensation claim formWorkers’ Compensation insurance is necessary for Utah as it helps protect both employers and employees. It offers benefits to employees, and it can cover any work-related injuries. This includes medical costs, lost wages, ongoing care, etc. However, to benefit from this, you have to know what is covered and what is not covered before you approach a West Jordan UT Work Injury Attorney for representation.

What is Not Covered?

What is Covered?

What Happens When a Claim Is Denied?

It is not uncommon for a workers’ compensation claim to be denied. However, that does not mean you cannot fight for what is rightfully yours. You can appeal the decision with the Utah Labor Commission, after which they will give the insurance company and your boss about 30 days to respond. During this period, consult with a good Alta Legal team for assistance.

How Does An Attorney Help?

As mentioned earlier, there are things covered under workers’ comp while some are not. Therefore, the attorney will help analyze your case and inform you whether it is solid. After they have established that, they will help prepare you for the hearing and collect evidence. Getting an attorney is vital. Be sure that the other team will get one as well to fight you. Therefore, get a workers compensation attorney in West Jordan UT, to represent you.

A good attorney will help you get the compensation you deserve to cover the injuries and suffering you have experienced.

real estate propertiesBankruptcy refers to a legal proceeding entailing a business or a person who cannot meet the demand to repay their unsettled debts. Bankruptcies are viewed as negative details on a person’s credit report. This can affect a person’s credibility when it comes to future lending. A bankruptcy report on your filing can make creditors give you less favorable terms and higher interest rates if they decide to offer you a loan.

Can a Person Lose their Property if they File for a Bankruptcy?

According to chapter seven bankruptcy, a person may not necessarily lose their home, particularly if they possess less home equity and have a current mortgage. If a person is in foreclosure, behind their payment, or owns more equity than they can safeguard, they may have a better chance of keeping their property based on chapter 13 bankruptcy. Therefore, it is essential to be more knowledgeable about chapter seven and thirteen bankruptcy when it comes to keeping a home.

How Can You Protect Your Property?

A person protects their assets using a bankruptcy exemption. Since every state possesses a list of exemptions, the type of property and equity amount a person can safeguard using exemptions differs widely. Furthermore, only a few states allow a person to uphold their entire home equity when they file for bankruptcy.

How Can A Bankruptcy Lawyer Help?

If you intend to file for West Jordan bankruptcy, it is recommendable to seek help from bankruptcy attorney West Jordan Utah to assist you in the legal process. Due to the complex nature of bankruptcy laws, an attorney can make this process easier, quicker and increase the likelihood of getting the best-desired outcome.

Are you looking for legal help to file bankruptcy? At Alta Legal, our highly experienced and reputable bankruptcy attorney West Jordan offers the best legal aid to our clients. Contact us today for more information.

injured while in a tripAny workers compensation attorney in Taylorsville UT will likely have heard some of the same questions from clients over and over again about their rights under various scenarios, so we have decided to take a look at these questions ourselves and see how we can provide good answers for you.

If injured on a work trip can you claim workers comp?

You may be eligible for workers’ compensation if you are injured while out on a work trip. If the work trip was specifically required by your employer, and you were not doing anything reckless or illegal when you were injured, then a Taylorsville Ut work injury attorney should be able to work that case for you in such a way that you are able to win your claim.

What are the requirements under Utah Law to qualify?

Workers compensation claims can be made in the state of Utah by anyone who is employed within the state and who is willing to put forward proper documentation showing that they were materially injured while they were simply trying to do their job. Alta Legal can help guide anyone who is desiring the option to file a workers compensation claim.

What can I get compensated for under workers comp on the business work trip?

If you are injured while on a business trip in a way that makes it where you cannot continue to perform the normal types of activities that you are supposed to perform at your job, then you could potentially get your worker compensation attorney Utah to help you get the maximum amount of compensation that you are entitled to under Utah law. You don’t have to suffer just because you were on a work trip.

Are their exceptions – like if you have free time and you get injured while site seeing or at an attraction? 

You may not qualify for workers compensation if you were injured while on your own time or while doing something illegal. If you are the one being negligent, then you will suffer as a result. Baring that, you should be just fine.

What are you required to do if you are injured while on your work trip – statute of limitation – let your work know asap…etc..

You definitely need to make sure you inform your job that you have been injured while on the job. Get as much documentation as possible, and certainly get a lawyer to work for you as soon as you possibly can. You want that representation working for you to protect your rights immediately.

work injuryAny workers compensation attorney in Taylorsville UT will likely have heard some of the same questions from clients over and over again about their rights under various scenarios, so we have decided to take a look at these questions ourselves and see how we can provide good answers for you.

If injured on a work trip can you claim workers comp?

You may be eligible for workers’ compensation if you are injured while out on a work trip. If the work trip was specifically required by your employer, and you were not doing anything reckless or illegal when you were injured, then a Taylorsville UT work injury attorney should be able to work that case for you in such a way that you are able to win your claim.

What are the requirements under Utah Law to qualify?

Workers compensation claims can be made in the state of Utah by anyone who is employed within the state and who is willing to put forward proper documentation showing that they were materially injured while they were simply trying to do their job. Alta Legal can help guide anyone who is desiring the option to file a workers compensation claim.

What can I get compensated for under workers comp on the business work trip?

If you are injured while on a business trip in a way that makes it where you cannot continue to perform the normal types of activities that you are supposed to perform at your job, then you could potentially get your worker compensation attorney Utah to help you get the maximum amount of compensation that you are entitled to under Utah law. You don’t have to suffer just because you were on a work trip.

Are their exceptions – like if you have free time and you get injured while site seeing or at an attraction? 

You may not qualify for workers compensation if you were injured while on your own time or while doing something illegal. If you are the one being negligent, then you will suffer as a result. Baring that, you should be just fine.

What are you required to do if you are injured while on your work trip – statute of limitation – let your work know asap…etc..

You definitely need to make sure you inform your job that you have been injured while on the job. Get as much documentation as possible, and certainly get a lawyer to work for you as soon as you possibly can. You want that representation working for you to protect your rights immediately.

 

 

business bankruptcyMost people associate bankruptcy with bad things, yet the truth is that it can help you reorganize your finances and handle debt. When companies decide to take this step, they file a Chapter 11 bankruptcy. As long as they work with experienced Utah bankruptcy lawyers, this might be the best decision to make.

What is Chapter 11 Bankruptcy?

This type of bankruptcy involves reorganizing a company’s affairs, assets, and debts. It allows a business to keep operating and restructure its responsibilities.

How Does Chapter 11 Bankruptcy Help Reorganize Finances?

To ensure that both creditors and owners get the maximum return, there will be some financial restructuring. This can be downsizing the company’s operations to minimize expenses, renegotiate debts, and in some cases, liquidate some assets to repay creditors. The process is complicated, and since the courts are involved, it is good to have a bankruptcy attorney Taylorsville representing you.

How Does the Type of Business Set up Determine Who is Responsible for The Debts?

Sole proprietorship

In a sole proprietorship type of ownership, you and your business are considered the same entity. That means you are personally responsible for the debt. If the company lacks enough money to cover debts, creditors can come for your personal assets.

Partnership

Here, each partner is responsible for the companies’ debts. If the company lacks enough money to pay debts, creditors can come for your personal assets as one of the owners.

Corporations and Limited Liability Companies

In these types of business arrangements, your personal assets are protected. However, if, by any chance, you may have given up your limited liability protection, then creditors can come for personal assets. Having an Alta legal team by your side to explain these things will help you with the whole process.

How an Attorney Can Help

Hiring a bankruptcy attorney Taylorsville UT will help you and your business analyze the different aspects of your business and decide what will help you get out of debt. For instance, if downsizing operations to minimize expenses is the ideal solution, then that is what they will help you with. They will also ensure you are not harassed by creditors and help ease the business back to profitability.

 

 

 

workers compensationWorkers’ Compensation insurance is necessary for Utah as it helps protect both employers and employees. It offers benefits to employees, and it can cover any work-related injuries. This includes medical costs, lost wages, ongoing care, etc. However, to benefit from this, you have to know what is covered and what is not covered before you approach a West Jordan UT Work Injury Attorney for representation.

What is Not Covered?

What is Covered?

What Happens When a Claim Is Denied?

It is not uncommon for a workers’ compensation claim to be denied. However, that does not mean you cannot fight for what is rightfully yours. You can appeal the decision with the Utah Labor Commission, after which they will give the insurance company and your boss about 30 days to respond. During this period, consult with a good Alta Legal team for assistance.

How Does An Attorney Help?

As mentioned earlier, there are things covered under workers’ comp while some are not. Therefore, the attorney will help analyze your case and inform you whether it is solid. After they have established that, they will help prepare you for the hearing and collect evidence. Getting an attorney is vital. Be sure that the other team will get one as well to fight you. Therefore, get a workers compensation attorney in West Jordan UT, to represent you.

A good attorney will help you get the compensation you deserve to cover the injuries and suffering you have experienced.

propertiesBankruptcy refers to a legal proceeding entailing a business or a person who cannot meet the demand to repay their unsettled debts. Bankruptcies are viewed as negative details on a person’s credit report. This can affect a person’s credibility when it comes to future lending. A bankruptcy report on your filing can make creditors give you less favorable terms and higher interest rates if they decide to offer you a loan.

Can a Person Lose their Property if they File for a Bankruptcy?

According to chapter seven bankruptcy, a person may not necessarily lose their home, particularly if they possess less home equity and have a current mortgage. If a person is in foreclosure, behind their payment, or owns more equity than they can safeguard, they may have a better chance of keeping their property based on chapter 13 bankruptcy. Therefore, it is essential to be more knowledgeable about chapter seven and thirteen bankruptcy when it comes to keeping a home.

How Can You Protect Your Property?

A person protects their assets using a bankruptcy exemption. Since every state possesses a list of exemptions, the type of property and equity amount a person can safeguard using exemptions differs widely. Furthermore, only a few states allow a person to uphold their entire home equity when they file for bankruptcy.

How Can A Bankruptcy Lawyer Help?

If you intend to file for West Jordan bankruptcy, it is recommendable to seek help from bankruptcy attorney West Jordan Utah to assist you in the legal process. Due to the complex nature of bankruptcy laws, an attorney can make this process easier, quicker and increase the likelihood of getting the best-desired outcome.

Are you looking for legal help to file bankruptcy? At Alta Legal, our highly experienced and reputable bankruptcy attorney West Jordan offers the best legal aid to our clients. Contact us today for more information.

 

Employers in Utah are required by law to have worker’s compensation insurance. This policy is designed to cater to medical treatment and provide for lost wages in case their employees get injured.

Worker Compensation Coverage in Utah

workers compensation formIf you are a business owner in Utah and have employees, you should seek worker’s compensation insurance, or you won’t operate legally. This applies to part-time or full-time employees. Worker’s compensation may not cover independent contractors, but they’re eligible for benefits if you hire them regularly and set their hours.

So, if you’re injured while at work and you don’t have health insurance coverage, your employer is supposed to cater to the cost of your medical injuries. If you’re working under a subcontractor and have sustained injuries, the contractor must carry workers compensation coverage.

Situations Where You Don’t Need Workers Compensation

If you’re an independent contractor, your subcontractors/employees aren’t covered by worker’s compensation against the task they’re supposed to perform.

However, if an employee decides to retain the right to control or supervise their work, they’ll receive benefits like traditional employees. If you’re a sole proprietor or in a partnership with no employees, you don’t need to purchase worker’s compensation insurance.

Seeking The Services Of An Attorney For Fair Compensation

If your work-related injury was a result of a third party, seek the help of Alta Legal, workers compensation attorney in West Jordan UT to help you file for a claim. With their help, you’re assured that you’ll receive fair compensation for lost wages, medical expenses and pain and suffering.

Besides the benefits you’ll receive from your employee, a workers compensation attorney West Jordan UT will help you investigate those responsible for your injury and pursue a personal injury case against them.

If you ever suffer work-related injuries and want to receive maximum compensation for your injuries, consider seeking the services of our West Jordan UT Work Injury Attorney.

claim deniedIf you are injured while on the job, or become sick from a workplace cause, you are eligible for workers compensation benefits. These benefits cover your lost wages and medical bills. It also covers disability benefits and death benefits if necessary. If you need to file a workers compensation claim, it is best to hire a workers compensation attorney in Taylorsville UT to help with the process.

Why Or For What Reason Can My Claim Be Denied?

There is no guarantee that your workers compensation claim will be approved. There are a few issues that will result in a denial. These include:

If I’m Denied, What Are the Next Steps?

If your workers compensation claim has been denied, a workers compensation attorney Taylorsville UT can help. Your attorney can file an appeal. The appeal will be heard by the state labor department, a state board of workers compensation or an administrative law judge, and your Taylorsville UT work injury attorney can present medical evidence and other evidence to support your claim.

How Can An Attorney Help You Through the Process?

It is best to hire an attorney before you file your workers compensation claim. An attorney can help gather your medical records and other evidence to ensure your claim will be approved. In addition, an attorney can ensure that the paperwork is filled out properly and it is filed before the deadline.

If you have been injured on the job or are sick from a workplace cause, call Alta Legal. We can review the circumstances of the accident and your medical records to ensure you are eligible for workers compensation insurance. We can also handle all the paperwork and make sure it is filed in a timely manner. When you have our attorneys on your side, there is an excellent chance your workers compensation claim will be approved.

Contact Us Today

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