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...
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Month: September 2023
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What is a hardship discharge in Chapter 13 bankruptcy?
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...
Can a prenuptial agreement be invalid?
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...