Bankruptcy laws focus on helping individuals solve and repay their debts after they have suffered heavy losses. In the United States there were bankruptcy laws as early as 1800. However, the first voluntary bankruptcy laws were allowed through the Acts of 1841 and in 1867. These laws along with the Bankruptcy Act in 1898 also called the Nelson Act are what our modern debtor/creditor relation system are based on. It is common to hear that a person in a bad (…)
Banking law is the broad term for laws that govern how banks and other financial institutions conduct business. Banks must comply with a myriad of federal, state and even local regulations. Lawyers perform a wide variety of functions that relate to creating, following and enforcing regulations. Multiple federal agencies oversee banking regulations. A bank or other financial institution might fall under regulations of the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System or the Office of the Comptroller of (…)
A trial isn’t always the end of the case. One or both parties may want to appeal part or all of the trial verdict. In addition, they may want to appeal certain aspects of the lower court’s proceedings that they believe may have led the jury or the court to make the wrong decision. The process of asking a higher court to review a decision made by a lower court or an administrative agency is called an appeal. Attorneys who (…)
Antitrust law is the broad category of federal and state laws that are meant to keep business operating honest and fairly. Antitrust laws regulate the way companies do business. The goal is to level the playing the field in the free market and prevent businesses from having too much power. For the purposes of antitrust law, a trust is a large group of businesses that work together or combine in order to form a monopoly or control the market. Major (…)
Advertising is everywhere. Each and every day we see countless television commercials, magazine ads, billboards, posters, and more – all meant to convince us to buy one product or another. Something many people don’t consider, however, are the laws and regulations that govern the ways in which companies may or may not legally advertise. Attorneys who work in advertising law are behind the scenes, providing guidance through law firms or in-house counsel and making sure that companies play by the (…)
Administrative law is the body of law and legal work that deals with government agencies. Lawmakers create government agencies to carry out laws and administer the functions of government. These agencies create, implement and enforce regulations. All of the work that goes into these activities falls under the category of administrative law. Administrative law is a diverse area of law The term administrative law is a broad term that encompasses many different types of law. A lawyer that practices administrative (…)