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http://bucket.wistia.com/medias/ytpt3s2g38?embedType=async&videoFoam=true&videoWidth=640 In US law, corporations are organizations authorized to act as a legal entity. US law also recognizes another legal status for a company, called a 'limited liability...

http://bucket.wistia.com/medias/dhwvdldf7s?embedType=async&videoFoam=true&videoWidth=640 These comparisons to board games might help you understand patents, trademarks and copyright - the main forms of intellectual property. Imagine a game rule that says, you...

http://bucket.wistia.com/medias/vhlwl69wmb?embedType=async&videoFoam=true&videoWidth=640 If a marriage with children is legally ended by divorce, access, time and legal responsibility for the children - 'custody' - must be decided. Custody arrangements include...

http://bucket.wistia.com/medias/4lsq9auih9?embedType=async&videoFoam=true&videoWidth=640 When a lender releases an existing mortgage for a payoff that is less or 'short' of the total amount due, the transaction is called a 'short sale.' Lenders sometimes...

http://bucket.wistia.com/medias/adfbo8lsns?embedType=async&videoFoam=true&videoWidth=640 When a couple marries, they gain the legal right to do certain things together, such as own property or owe debts. Divorce is the legal termination of marriage; the legal...

http://bucket.wistia.com/medias/r3vstgc4sr?embedType=async&videoFoam=true&videoWidth=640 US law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment. Filing bankruptcy is a legal action asking the...

http://bucket.wistia.com/medias/gezaepizh8?embedType=async&videoFoam=true&videoWidth=640 Filing for bankruptcy starts with disclosing all financial information. This is done on a form called a 'bankruptcy petition', provided by the US Bankruptcy Court. The...

http://bucket.wistia.com/medias/xsbpmofwlq?embedType=async&videoFoam=true&videoWidth=640 When a person or business concludes that meeting their debts is not realistic, they may file for bankruptcy in Federal Bankruptcy court. A bankruptcy filing places an...

http://bucket.wistia.com/medias/a2cu0zr3ko?embedType=async&videoFoam=true&videoWidth=640 Bankruptcy is a set of legally-defined ways for individuals or businesses to settle debts without full payment, by following rules that govern their assets and financial...

http://bucket.wistia.com/medias/u9wdl3fwga?embedType=async&videoFoam=true&videoWidth=640 A will is a written document that defines how your assets will be distributed after you die. Trusts are legal arrangements that involve a separate legal entity to hold and...