The United States Courts reported 387,721 bankruptcy filings in 2022. One of the most important aspects of this process is liquidating assets. If you file Chapter 7 bankruptcy, you should understand what liquidation is and how it works. Liquidation defined Asset...
If you find yourself struggling to pay your debts, filing for Chapter 13 bankruptcy is a potential solution. This allows you to restructure your debts and create a manageable repayment plan. As long as you follow the repayment schedule, you should successfully emerge...
Prenuptial agreements are legally binding contracts that are supposed to take care of assets, debts and financial expectations in case of separation or divorce. But what if, down the road, one partner questions the very foundation of this legal contract? What are the...
Selling a home or other piece of real estate is often the largest transaction of our lives. These deals can run in the hundreds of thousands and can reach millions. When navigating these transactions, it is important to have a clear understanding of everyone’s...
You may want to modify a child custody order for several reasons. It could be due to changes in circumstances that affect the well-being and best interests of the child or if the current custody arrangement is no longer viable due to a relocation. Either way, there...
Like most, you probably breathed a sigh of relief once you finally settled on bankruptcy as the best option for addressing your debt. You can expect to continue feeling better about your circumstances but don’t drop your guard too low. The bankruptcy court will be...
In recent years, the rise of buy-now/pay-later (BNPL) plans has revolutionized the way consumers make purchases. These payment schemes can be great for emergency purchases (like when you really cannot wait on a new washing machine), and they also offer the allure of...
It can certainly be difficult to talk to your children about an upcoming divorce. They may not understand why it’s happening or they may be unhappy about it. But there will eventually come a point where you need to have this conversation with them as the process moves...
Financial setbacks can happen when you least expect them, and they can happen more than once during your lifetime. If you are caught up in debt, and you have no viable payment plan on the table, you may consider filing for bankruptcy. However, the fact that you have...
Credit cards are often linked to bankruptcy. Part of this is just because Americans use credit cards for numerous purchases. Someone may be declaring bankruptcy primarily because of their medical debt, for instance, but they will still reference whatever outstanding...
