Filing for Divorce during a Bankruptcy

Many marriages end because of financial problems. A married couple may find themselves in the position of needing to file bankruptcy but planning to file for divorce as well. This idea may seem to have merit, but divorce and bankruptcy are different legal matters and it can be difficult to file both … [Read more...]

Fair Credit Reporting Act

Established in 1971, the Fair Credit Reporting Act (FCRA) was created to protect the privacy and integrity of credit information and how it is handled. Given that credit information is integral to our contemporary economy, there was a need to establish guidelines that ensure the accuracy of … [Read more...]

Family-Owned Businesses

The outlook for the survival of a family-owned business after the death of an owner is not bright: more than 70% fail when transferred to the next generation. If you have a family business, it is very important that you include in your estate plan strategies for keeping the business alive and viable … [Read more...]

Division of Benefits and Retirement Accounts

Division of assets is one of most complicated aspects of a divorce. It surprises some clients that a retirement account is subject to division by the family court if at least some of it was accrued during the marriage. Because this and other areas of your divorce can be so difficult, it is in your … [Read more...]

How to Finance a Small Business

One of the most challenging aspects of starting a small business is financing. A new business requires initial capital for equipment and supplies, advertising, rental of office or warehouse space, and possibly the hiring of employees. In addition, there are certain fees that need to be paid, the … [Read more...]

Incapacity Planning

It is very important for anyone involved with estate planning to include a provision for a future situation wherein he may be rendered incapacitated. A car accident, serious illness, or fall during a hike can leave even a young person unable to make decisions for himself. Make sure to work with … [Read more...]

Life after Bankruptcy

There are many myths and misconceptions about what life is like after a bankruptcy. Many people who file experience a feeling of failure, and believe that they won’t be able to obtain any credit for years, much less a mortgage. However, many people file bankruptcy every year and bounce back in a … [Read more...]

Property Division and the Family-Owned Business in a Divorce

A family-owned business can be one of the more complicated matters to deal with in a divorce settlement. Since Texas is a community property state, assets acquired in the business during the marriage will need to be divided between the two spouses, or some other arrangement will have to be made. It … [Read more...]

Peterson Law Group is hiring

Peterson Law Group is hiring. We are in need of a full-time receptionist and a part-time marketing coordinator in our Bryan/College Station office.  Applicants should be: Able to work in a fast-paced environment without losing your mind Punctual and reliable Comfortable with … [Read more...]

Sales and Leasebacks

A sale and leaseback is an arrangement made between two parties for one to purchase a property and immediately lease it back to the seller. Such transactions are commonly used with commercial real estate, though they have even involved countries. For instance, the United States entered into a … [Read more...]