When you own land and you find minerals or other naturally occurring substances of value, you may be curious about your options when it comes to mining these substances and selling them. While you may assume that anything you find on your land is your property, this may not actually be the case.
When it comes to bankruptcy, you want to make sure your right to payment will put you in line to receive payment from the trustee, if your claim is secured. If intellectual property was used as collateral to secure a debt owed to you, you want to make sure you follow the proper rules to be able to collect the money owed to you and recapture the collateral. Let’s look at the intersection of commercial and bankruptcy law to see how the process works.
When an estate goes through the process of probate, a personal representative is needed in order to manage the transfer of assets. Probate can be a very complex procedure and it can take many months. Therefore, the personal representative needs to be a trusted person who can manage all the details.