Divorce can drain funds from the checking account. The attorney needs a retainer. (And likely, so does one of the kids!) You need money to pay consultant...
You may find it easier to divorce your spouse than to divorce your creditors. That’s because no matter what you and your former spouse have agreed to, and even if you have a divorce decree in hand…
How credit card, mortgage, auto & medical debt is split up by spouses in a divorce. Important: the state you live in & if the debt is joint or individual.
A fundamental element for persons filing for Bankruptcy protection requires a Debtor to disclose all outstanding liabilities. So what happens if I have a zero balance on my credit card or I pay the credit
Almost everybody knows by now that bankruptcy may offer you with a fresh financial start. However, settlement seems to be a better option.
A lot of people think bankruptcy means all of your debts are immediately forgiven and you start over with a clean slate. That’s not often the case. Not only are your assets often liquidated, some debts also aren’t even dischargeable in bankruptcy.
My estranged husband has deceased and leaves unpaid loans and credit card debt. My name is not on any of them and I never signed any contracts for any of them. Am I liable for them?
Filing does not mean that all your debts will be relieved.
There’s no cherry-picking your debts in a bankruptcy filing. Your creditors will find out.
What happens to debt after divorce? Lenders might hold you responsible for joint debts like auto loans. See how to protect yourself.
Can I get rid of credit card bills in bankruptcy? - Reed Law Firm, P.A.
Divorce can be a messy and stressful thing in one's life. If you mix in credit cards into the equation, things get even more complicated.
Additional Information: We own a small family business in Needham and it is doing OK, but not good enough to pay off a credit card judgment against me personally. The bank that handles my business …
In bankruptcy, nonexempt assets can be seized by the court and used to pay off your debts. Nonexempt assets are defined by federal and state law.
In Equitable Distribution, we often ask clients about the debts that they accrued during the marriage and the value on the date of separation. This is because the judge is required to classify, ...
Should the bankruptcy code be amended to make it easier for borrowers to seek forgiveness of student loan debt through a bankruptcy filing? Our Examiners are weighing in.
Debts discharged in bankruptcy too often reappear in the hands of debt buyers. Learn how to respond to wrongful collection efforts.
The bills are piling up. Maybe it happened gradually--a missed credit card payment here, a missed car payment there--or maybe ... debt relief
As part of a divorce settlement, a friend of mine forfeited his equity in a home he had jointly owned with his ex, but couldn't wriggle out from under the $100,000 that remained on their home equity line. You see, creditors, like a spouse's divorce lawyer, are pretty old fashioned when it comes to...