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Union New Jersey Family And Bankruptcy Law Blog

How alimony is determined in New Jersey

Alimony, sometimes also called spousal support, can be a contentious issue during divorce so it is useful for divorcing couples to understand. Alimony refers to payments made by one spouse to the other spouse after dissolution. Because alimony is a significant concern, divorcing couples should be familiar with how the family law process handles alimony requests.

Either spouse can request alimony and either spouse can receive alimony. If alimony is granted during divorce, it may be granted in different ways so it is also helpful to be familiar with how alimony is determined and what it will look like for the divorcing spouses. Alimony may be awarded for a period of time or in a lump sum, for example. Also, for marriages and civil unions that have lasted longer than 20 years, alimony will not be granted for longer than the length of the marriage except in exceptional circumstances.

What you need to know about Chapter 7 bankruptcy

When your debt piles up and becomes unbearable, what are your options? You could try to manage it yourself, but as history suggests, that may not be the smartest route. You could take out a personal loan to pay off some or all your creditors and compile your debt into a single monthly payment. You could also file for personal bankruptcy. The options are Chapter 7 or Chapter 13. This blog will cover the details of Chapter 7 bankruptcy.

Help navigating a real estate transaction

For homeowners and other property owners, buying and selling a home or commercial property is one of the most significant transactions they may be a part of. Whether they are purchasing or selling a home or purchasing or selling a business property, home buyers, homeowners and business owners should be familiar with how they can help their transaction go right.

Part of that includes knowing how real estate law tools can help.

Understanding the Fair Debt Collection Practices Act

Most people would not like to deal with phone calls, e-mails or notices from debt collectors, but they're more common than people might realize. Harassment by debt collectors causes intrusion into people's personal lives, breakups families, loss of jobs and even results in personal bankruptcies. However, there are laws that can protect people from such harassment.

The Fair Debt Collection Practices Act is a federal law that regulates debt collection practices. The act protects consumers from abusive, deceptive and unfair practices by third party debt collectors by limiting their behavior and actions. Debt owed primarily for the purposes of personal, family or household expenses are covered under this act. It does not cover debt incurred for business, corporate or agricultural purposes.

Dividing property and debt during divorce in New Jersey

Apart from the custody of children, the division of marital property and debts is one of the biggest disputes that couples confront during divorce. Many people carry the false conviction that, following a divorce, marital assets must be divided equally. Who will keep what after a divorce depends on a number of elements, including the laws of the state in which the couple lives or where the divorce is filed.

If you are considering a divorce in New Jersey, you may want to know how your assets will be distributed after your separation. New Jersey is a common law property state and supports equitable distribution of properties, which means the marital property will be split between separating couples in a manner that is fair, or equitable, but not necessarily equal.

Role of bankruptcy trustee in Chapter 7

One of the basic objectives of bankruptcy is to provide a new start for debtors. If you're planning to file for bankruptcy, then you must understand the whole process. The role of a bankruptcy trustee is one important subject that raises many questions in bankruptcy proceedings.

For every bankruptcy case, a trustee is appointed. Although the duties and powers of the trustees are identical in many matters, they may differ depending on the type of bankruptcy.

Which mortgage is right for you?

A home is the most valuable asset most people will own in their lifetime. However, because a home is one of the biggest purchases people make, it is often not possible for them to buy it up front. In such situations, mortgages make buying a home possible.

A mortgage is a loan taken in return for any kind of security. As a mortgage loan is secured to purchase or construct a home, it is often referred to as a home loan. In a mortgage deal, the borrower enters into an agreement with the lender, so that the property or real estate is surety for the loan. It grants the lender the legal title to the property if the borrower doesn't pay back the loan.

Wendy Williams' husband wanting alimony in divorce

Wendy Williams, a prominent television host, filed for divorce from her husband, Kevin Hunter, putting an end to their marriage of 21 years. Before filing for divorce, the couple was living together in Livingston.

Because New Jersey is a no-fault state, couples looking for a divorce have choices. They can opt for a divorce with fault or a no-fault divorce. In no-fault divorces, neither party has to bear the blame for the failure of the marriage. So, in William's case, despite the fact that Hunter allegedly cheated on her, the talk show host may be ordered to pay her husband spousal support. Prior to their separation, Hunter was an executive producer for Williams' show.

Bankruptcy filing can help get rid of medical debt

Many people in New Jersey may not want to apply for a loan because of the penalties that may arise if they default. Sometimes, a debt obligation is unavoidable, like those that are incurred in a medical emergency. Considering the troublesome nature of medical expenses, the law also protects people from being harmed by the consequences of medical debt.

According to research done by the American Cancer Society, there are more than 137 million people in the United States struggling to pay their healthcare bills. The study further confirms that around 42 percent of Americans who undergo cancer treatment use up their life savings within two years of treatment.

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