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A Credit Counselor Versus a Bankruptcy Attorney


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A Credit Counselor Versus a Bankruptcy Attorney

When I was drowning in debt, I knew that soon enough I would need to file for bankruptcy. I simply didn't make enough to cover the amount of debt I had accumulated. However, I was not sure whether I should work with a credit counselor or a bankruptcy attorney. I did a lot of research on the subject and found that there are pros and cons to working with both a credit counselor and a bankruptcy attorney, and that you also had the option of working with both at the same time. Ultimately, I decided to hire the attorney, but that may not be the best option for everyone. I created this website to help you understand what a credit counselor is and what they do, what a bankruptcy attorney is and what they do and how each can help you if you are drowning in debt.

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Protecting Yourself Against Large Drilling Companies

The oil and gas sector is a multi-billion dollar industry. Consequently, when land owners discover that their property is a prime location for a drill site, it's easy to believe you've hit the jackpot. However, this isn't always the case. The big businesses that operate these drill sites don't always have your best interest in mind. Some landowners regretfully discover that they end with little to no profits from operating a drill site on their property. An oil and gas attorney can help you avoid this type of scenario.

The Terms

One of the main reasons property owners find themselves in a drill partnership that is not profitable is that they didn't understand the terms of their agreement. For instance, there are some drilling organizations that require the land owner to assume a portion of the costs associated with installing the drilling equipment. This balance is often spread out over several years and deducted from each profit check you receive.

Depending on the cost of the equipment, this can take a large chunk out of your earnings. On the other hand, most of these agreements are set up so that the drilling company assumes all costs associated with the installation of the drilling equipment. In addition to installation costs, there are also other hidden fees that could hinder your profits. An oil and gas attorney will be able to help you understand what you're agreeing to before you sign your name on the dotted line.

Your Rights

Many property owners are under the impression that they have limited rights when it comes to the drilling company with which they have partnered. However, this is not the case. It's important to understand that although you are only leasing this land, you are still the property owner. One common issue are drilling companies who don't follow guidelines concerning drill placement.

Prior to drilling, a representative is typically sent out to test your land to determine what areas would be best suited for drilling installation. Based on this information it's up to you determine exactly where you want the drill installed. If the drilling company does not honor your agreement and installs the drill in the wrong area, an attorney can help you and ensure your rights as the property owner are protected.

You don't have to be intimidated by a large and powerful drilling company. An attorney like Roberts Miceli Boileau & Doutt LLP will work on your side to ensure you are protected.