Nalcrest, Florida is a retirement community in Polk County. The community's ZIP code is 33856. It is part of the Lakeland–Winter Haven Metropolitan Statistical Area. The community's name is an acronym for National Association of Letter Carriers Retirement, Education, Security and Training, as it was designed by and continues to be operated by the Nalcrest Foundation, Inc. , a branch of the National Association of Letter Carriers, the union representing United States Postal Service city letter carriers. It was the brainchild of William Doherty, the first United States Ambassador to Jamaica and NALC President from 1941–1962. Construction began on the community in July 1962 and the community opened in 1963. Initially, due to HUD regulations, residency was open to both NALC members and others, but when the mortgage was paid in 2002, the HUD restrictions were removed and residency is now limited to NALC retirees in good standing only. The community consists of 253 acres, 153 of which are developed into 500 garden-style apartments. The remaining 100 acres are undeveloped and includes Lake Weohyakapka, a 15 square mile lake around which the community is developed. The apartments are a mix of efficiency and one-bedroom units, and all are on ground level. Units are leased on an annual basis and the rental rate includes water, sewer, trash removal, basic cable TV, interior/exterior maintenance, and use of the community's recreational facilities (but not electricity). Pets are not permitted. In addition to being NALC retirees in good standing, tenants must also be able to care for themselves and for housekeeping chores, as the community is not an assisted living facility and does not have an on-site physician. Prospective tenants must pay first and last month's rent; not unsurprisingly, the only form of payment accepted is a Postal money order. Among the most interesting features of the community is that, despite being a retirement community for postal letter carriers, there is no home mail delivery – residents must pick up their mail at the post office in the Town Center.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Florida

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. § 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...