Most Americans are familiar with the three major credit reporting agencies: Experian, Equifax, and TransUnion. Each credit bureau assembles consumer credit transactions into a credit report and calculates a credit score. The credit bureaus also report on civil judgments, repossessions, foreclosures, and bankruptcy. Banks use this information to determine the “credit-worthiness” of applicants and the likelihood that a loan will be repaid.

The credit reporting industry is not limited to three players, Experian, Equifax, and TransUnion are simply the biggest and most recognized. A fourth large credit reporting agency is Innovis, and there are also dozens of smaller companies that collect, analyze and sell information about consumers. Sin

Full Post…

The question of why wait to file for a Chapter 7 or Chapter 13 bankruptcy, when the delay only increases loss, was published as a report entitled Saving Up for Bankruptcy in a law journal in 2010.  This research study by law students Ronald J.

Full Post…

Bed Sores, Pressure Sores and Decubitus Ulcers were again the most common medical errors found in the year 2010 closely followed by foreign objects left inside patients after surgeries says Nursing Home Abuse and Neglect Lawyer Steven Peck.
The Department of Health released its 2010 Medical Error Report on It cited numerous stage three or stage four bed sores after hospital admissions–the most common problem in four of the last five years–and secondly foreign objects left behind in residents after surgeries.

Other common mistakes were falls resulting in deaths or disabilities and surgeries on the wrong body parts.

Medication errors resulting in deaths or disabilities have also been a major problem.

Business owners are often advised to set up a limited liability company (LLC) in order to protect themselves should the business fail and require bankruptcy protection. In most cases, a business owners liability is then limited to the value of the shares they have in the company, not the debts themselves. An LLC is a legal entity and as such stands at arms lengths from the owners. A small business that is formed as a sole proprietorship doesn’t have that same protection – the owner(s) and the business are one. In fact, legally, the business is not a legal entity, therefore it cannot be sued, or file for bankruptcy.

While most business owners who set up LLCs feel they are completely safe from creditor action in Bankruptcy, this is not always the fact. Bus

Full Post…