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http://bucket.wistia.com/medias/kqjyjualxe?embedType=async&videoFoam=true&videoWidth=640 Bankruptcy is a set of legally-defined ways for individuals or businesses to settle debts without full payment, by following rules that govern their assets and financial...

http://bucket.wistia.com/medias/congozc9v2?embedType=async&videoFoam=true&videoWidth=640 Filing for bankruptcy starts with disclosing all financial information. This is done on a form called a 'bankruptcy petition', provided by the US Bankruptcy Court. The...

http://bucket.wistia.com/medias/503ztftr46?embedType=async&videoFoam=true&videoWidth=640 US law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment. Filing bankruptcy is a legal action asking the...

http://bucket.wistia.com/medias/yxhf24po1c?embedType=async&videoFoam=true&videoWidth=640 When a lender releases an existing mortgage for a payoff that is less or 'short' of the total amount due, the transaction is called a 'short sale.' Lenders sometimes...

http://bucket.wistia.com/medias/zniz1vvj7r?embedType=async&videoFoam=true&videoWidth=640 When the legal state of marriage is ended by divorce, legal commitments by the couple - property, debts and more - must be resolved. While laws vary by state, the divorce...

http://bucket.wistia.com/medias/c67ry9oz0e?embedType=async&videoFoam=true&videoWidth=640 If a marriage with children is legally ended by divorce, access, time and legal responsibility for the children - 'custody' - must be decided. Custody arrangements include...

http://bucket.wistia.com/medias/or0x6ufkoq?embedType=async&videoFoam=true&videoWidth=640 In US law, corporations are organizations authorized to act as a legal entity. US law also recognizes another legal status for a company, called a 'limited liability...

http://bucket.wistia.com/medias/k2tmnne39m?embedType=async&videoFoam=true&videoWidth=640 These comparisons to board games might help you understand patents, trademarks and copyright - the main forms of intellectual property. Imagine a game rule that says, you...

http://bucket.wistia.com/medias/77leivhtes?embedType=async&videoFoam=true&videoWidth=640 In US law, corporations are organizations authorized to act as a legal entity. US and state tax laws allow a special 'S Corporation' tax status that changes how corporate...

http://bucket.wistia.com/medias/ryu7nuv55p?embedType=async&videoFoam=true&videoWidth=640 Renting home or business space from an owner comes with legal rights and responsibilities. The landlord can't do 'anything they want', and neither can the tenant. Federal,...