Bankruptcy offers relief and protection to people who have unsuccessfully exhausted all avenues to get out from under their debt. It is fortunate that these legal options exist, as the non-stop efforts of aggressive debt collectors, repossession attempts, and the...
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Month: April 2018
WHAT HAPPENS TO CHILD SUPPORT OBLIGATIONS IN BANKRUPTCY?
If you are paying for child support and considering filing for bankruptcy you may want to know how a bankruptcy will affect your child support responsibilities. On the other hand, if you are currently receiving child support, and the parent who is paying files...
WHAT YOU NEED TO KNOW ABOUT FILING BANKRUPTCY DURING OR AFTER DIVORCE
Filing Bankruptcy During a Divorce If one party files for bankruptcy while a divorce case is pending, it can complicate matters. Your filing can cause delays in the divorce proceedings, which typically frustrates your spouse and causes emotions to run high during an...
The Consequences of Foreclosure
Purchasing a home is one of the most exciting times in a person's life. While it is a major financial investment, it represents much more than that for the security, stability, and future of homeowners and their families. Unfortunately, life is not free of hurdles or...
5 BENEFITS OF FILING BANKRUPTCY WITH YOUR SPOUSE BEFORE DIVORCE
If you and your spouse can be amicable and work together on a joint bankruptcy filing, it can be beneficial for both of you. There are many benefits for a married couple who are contemplating both divorce and bankruptcy to file a joint bankruptcy prior to filing for...
5 FACTORS TO CONSIDER IN DECIDING WHETHER TO FILE BANKRUPTCY BEFORE DIVORCE
Bankruptcy and divorce are two of life's most upsetting challenges and are often intertwined. Financial stress may be a factor in the decision to get divorced. Divorce itself may cause financial stress. We are often asked by people headed for both bankruptcy and...
Do Married Couples Have to File for Bankruptcy Together?
It is a common misconception that if one spouse files for bankruptcy, the other must also file. This is not correct. One spouse is permitted to file without the other. However, in most cases the income of both spouse's incomes is counted toward eligibility for a...
When Does it Make Sense to Hand Over Your Deed?
When a homeowner falls behind on their mortgage payments, it is very likely that foreclosure proceedings will soon follow. Struggling to make payments and facing foreclosure is all incredibly stressful and emotionally draining. However, you do have legal rights, and...
Why Would a Court Deny Bankruptcy Discharge?
No matter what you have read online, the decision to pursue bankruptcy proceedings is a deeply personal one and is not a one-size fit all solution for everyone. In fact, bankruptcy proceedings can be complicated and may not turn out the way you hope. This is why it is...