Imagine finalizing your New Jersey divorce and walking away feeling content with your share of the limited assets you and your spouse held together. A few months later, you spot your ex bragging on social media about the new yacht he bought. Unless he just won the...
Year: 2020
Get the facts about filing for bankruptcy
For most people, the idea of filing for bankruptcy can seem like a financial death sentence. While going through the bankruptcy process is never easy, bankruptcy is for people who want to eliminate substantial debt and get their financial lives back on track – which...
What do you know about rebuilding credit after bankruptcy?
While you realize that bankruptcy is the most favorable option for your financial health, you may still feel uneasy about filing. You want to put it all behind you and rebuild your financial house, and you know working on your credit score is a good place to start. ...
Why should I buy title insurance?
Purchasing a new home represents not only a thoroughly exciting adventure, but also a huge investment. In all likelihood, you will pay more for your home than for any other asset you ever acquire. That is why you need to know that when title passes from your home’s...
What is the automatic stay?
When you file bankruptcy, the court will issue an automatic stay. According to Cornell Law School, this is a hold that goes in place to prevent creditors from trying to collect debts from you. The automatic stay helps to keep your case organized because it stops...
Are LGBT marriages and divorces different than heterosexual ones?
Same-sex marriage has been legal in the U.S. for five years (seven in New Jersey), but many states still have laws on the books that oppose it. That resistance signifies that some people view LGBT marriage as somehow different than heterosexual marriage. Is it? Is...
What are exemptions in bankruptcy?
When you file Chapter 7 bankruptcy, the court will liquidate or sell your assets to repay your debts. While this may seem alarming, the good news is that the law allows you to exempt some of your property, which means you get to keep it and the court cannot take it...
When an ex has little interest in helping to raise kids
Parents who end their marriage face many hardships, but child custody is one of the most contentious issues for many. Sometimes, both parents are determined to win a custody battle and want to play a central role in their child's life. On the other hand, some people...
How does alimony work?
If you would like to receive alimony payments as part of your divorce settlement, then you need to understand that it is a subjective matter where the court has a lot of power to make decisions without legal guidance. NJ.com explains there are no hard rules the court...
What are contingencies in real estate contracts?
You want to feel confident when you negotiate with a seller to buy a house. If you are buying your first home, you might feel apprehensive about entering into any kind of a deal. In the event you discover a problem with the property, you may want to back out. This is...