You are likely familiar with prenuptial agreements in which the parties address property rights and other financial matters before marrying. You may feel it is too late for such an agreement if you’re already married, but there is a similar agreement for wedded...
Union New Jersey Family And Bankruptcy Law Blog
3 money moves to make before filing your bankruptcy papers
Those researching bankruptcy usually hope to find ways to ensure they succeed in their efforts. While it is wise to focus on ensuring success, do not overlook steps to take ahead of filing for bankruptcy. If you make the right money moves now, you have better odds of...
What is Chapter 7 and Chapter 13 bankruptcy?
It's all too easy to build up debt, which is great when raising your credit score. As such, credit card offers often come by the dozen and make quick work of large purchases. However, in an unfortunate accident, someone could become overwhelmed with medical debt. Or,...
4 common misconceptions about the bankruptcy process
Most people are scared of filing for bankruptcy due to widespread misconceptions about how everything works. As a result, many deserving individuals sink deeper into debt or lose their possessions to debt collectors, while some end up facing creditor lawsuits. All...
Two divorce settlement risks female breadwinners face
In the 21st century, it is no longer as uncommon as it once was for a woman to earn more than her male spouse. Research suggests that nearly half of women workers in America earn as much or more than their husbands. The change in the wage gap among heterosexual...
Reasons children may think they caused a divorce
Children often believe that a divorce is their own fault, and this can be very emotionally difficult for them. It is the reason why parents are often advised to reassure their children that both they and their ex still love the child and want to be involved. They also...
Is it okay to keep having sex with your spouse while divorcing?
It often occurs that a married couple will decide to get a divorce but continue having intimate relations with one another. The results of a Research Now poll indicate that nearly 30% of spouses admit to having sex together during and after their divorce. Can spousal...
How does supervised visitation work?
There are numerous outcomes that can arise from child custody cases. Whichever arrangement the courts end up signing off on, the reasoning behind it will be based on the best interests of the child. In some cases, the court may decide that supervised visitation is...
Could the appraisal derail your New Jersey real estate closing?
It can take many weeks, often more than a month, to go from an accepted offer to a successful closing on a piece of real estate. Many people want to celebrate when their real estate agent tells them the seller accepted their offer, but plenty can go wrong before you...
Do you need a prenup if you don’t have many assets?
Prenuptial agreements are no longer seen as something only used by the rich, famous and powerful. However, younger couples or those of any age who may not have what they consider significant assets to protect still too often dismiss the idea First, prenups aren’t just...