Liquidating charges north carolina

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Therefore, debtors do not have to worry about a creditor getting a judgment in state court and then going to their employers and demanding that their paycheck be garnished for the payment of that debt.

Typical consumer creditors, such as credit cards personal loans, and medical debts, are not allowed to garnish wages. For instance, your wages can be garnished in North Carolina for specific creditors such as the IRS, North Carolina Department of Revenue, and student loans.

Quite the opposite: most of our bankruptcy clients keep all of their possessions and lose only one thing: debt.

The reason for this is the protections afforded debtor under the law of exemptions.

An express agreement is not required to prove the existence of a joint venture.

Rather, intent to create a joint venture can be inferred by the conduct of the parties and the surrounding circumstances.

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Liquidated damages must be specified in the contract up front. Of course, if the entire delay is owner-related, no liquidated damages can be assessed.

They should reflect the reasonable estimate of likely damages that will be incurred if the contractor fails to complete the project timely. Liquidated damage provisions, if carefully and properly drafted, are enforced in North Carolina.

to direct the conduct of the other[s] through a necessary fiduciary relation[ship]” is sufficient for finding the existence of a joint venture.

In North Carolina, joint ventures are similar to partnerships, and they are “governed by substantially the same rules.” Jones v.

Liquidating charges north carolina