WHAT TO DO AFTER A CAR ACCIDENT...

Day by day the number of vehicles is growing very much. With the negligence of the people, for accident happens every day. There are many reasons of an accident. The main reason is most people don’t follow the traffic rules, over-speeding, Drunk driving, Deadly curves and street racing etc. We need to take a step on this topic. Some people think that what we will do after the accident. I explain the main things which you should do necessarily after the accident. Read these steps and increase your knowledge.

What to Do After a Car Accident

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Here are a few steps to take after any type of motor vehicle accident:

Remain at the scene: Most people ran away from the accident spot, but this is one of the biggest mistakes they made. The important thing that you need to stay at the scene after the accident otherwise if you leave the accident scene without notifying the police, you may face criminal charges as a hit-and-run driver. 

Check for serious injury: Check that everyone is involved in the accident is all right or not. If someone gets an injury then call the ambulance immediately.

Co-operate with the police: After the accident, firstly you should call the police. When the police arrive at the scene, give the proper information to them so that it’s easy for them to solve your case quickly and give a conclusion. 

Police report: Get a police report from the police officer, because that is very necessary for you. With the help of the report, you have evidence regarding the accident. 

Exchange vital information: Provide the other party with your name, phone number, address, and insurance company details. Do not admit fault or provide any more details than necessary. 

Gather evidence: Take photos of the accident scene and any visible injuries. Ask for the contact information and statements of any witnesses. Tell them the facts about your accident, but do not downplay your injuries. Do not give any statements to the other party’s insurance company without consulting a lawyer.

Keep track of medical treatment: Write down the names of your doctors, any treatments you receive and keep the bills or expenses you incur as a result of the accident. 

Contact an attorney: You have two years from the date of your accident to file a claim, but it is best to get our attorney on your side right away after the first-aid if you are not seriously injured. But if you are seriously injured, one person from your family can contact the lawyer.

Hope you understand all the above steps. If you have any type of query then contact us (916) 619-5452 or visit our website Personal Injury Attorney Hanecak.

What is Bankruptcy and its types?

Bankruptcy is a legal proceeding in which a person or a business not in a condition to repay their outstanding debts.  Most commonly in the process of bankruptcy, petition is filed by debtor or on the behalf of creditors, which is very rare. In this petition some of the debtor’s assets are used to repay some portion of outstanding debt. If you want to declare your company bankrupt then you must consult to a Bankruptcy Attorney.

In United States, filing of Bankruptcy comes under various chapters of Bankruptcy Code:

1)      Liquidation of Assets come under Chapter 7

2)      Company or individual reorganization comes     under Chapter 11
  3)      Debt repayment with lower debt covenants or     repayment plans comes under Chapter 13

This process of Bankruptcy filing differs among various states, and it depends on how easily a person or company can complete the process, which leads to higher and lower filing bills.

Chapter 7 Bankruptcy Code

Chapter 7 is one of the most common types of Bankruptcy code, in which an organization or an individual can file petition. In United States, it is also called Liquidation Bankruptcy and is very common in United States. In this petition court appoints a trustee to handle your case. He takes your assets, evaluates, sell them and distribute the money to the creditors who file proper claims. After all this you still have property enough to start a new fresh. Bankruptcy involves the proof of your financial statements that the debtor puts on his bankruptcy statements. One should have to verify your information quickly and efficiently trustee.

Chapter 11 Bankruptcy Code

Chapter 11 Bankruptcy is another type of Bankruptcy Code, which involves the reorganization of one’s business affairs, debts and assets. This form of Bankruptcy is commonly filed by big organizations which will need some time to restructure their debts. This form of bankruptcy helps organizations to get a fresh start. This is a step that organization takes after a detailed analysis and systematic consideration of all other alternatives as this is the most expensive among all options. Time period to complete Chapter 11 Bankruptcy Case may be took either few months or maximum two years. After the completion of Chapter 11 Bankruptcy, the debtor is not allowed to arrange any loan that will commence.

Chapter 13 Bankruptcy Code

In Chapter 13 Bankruptcy, instead of reorganization of business in Chapter 11, it involves the reorganization of bankruptcy. In this petition, debtors can set up a repayment plan that uses their income to gradually eliminate their debts. For this petition a person’s income should exceeds than the limit of Chapter 7. Debtor proposes a plan of installments to repay the loan in three to five years.