Bankruptcy Filing

Considering a Bankruptcy Filing? Make This Your Absolute Last Choice

Bankruptcy filingYou have several credit cards maxed out, you have automobile loans outstanding, plus a large mortgage on your home. You’ve been juggling the credit cards by making cash advances on one to make minimum payments on the others. Your auto loans and the mortgage are past due and you’re getting a lot of heat from your creditors. Is it time to consider a bankruptcy filing?

So what do you do? File bankruptcy and walk away? Not so fast. Let’s see what a bankruptcy filing entails. Firstly, don’t even think of going to the local office supply store and buying one of their bankruptcy kits for a “do it yourself” filing. Bankruptcy is a legal proceeding and you will need to hire an experienced attorney. Depending on the “size” of your debts and assets, you will pay him, up front, several thousand dollars as a retainer to begin work.

The bankruptcy laws changed back in 2005, and it makes it more difficult to qualify. You’ll find much more paperwork required, limitations that are tougher, plus you also will be required to attend counseling by a non-profit counseling service that has been approved by the court. Don’t look for a fast resolution either. View full post…

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Why You May Need A Prenuptial Agreement

Some Reasons Why You May Need a Prenuptial Agreement

Why you may need a prenuptial agreementAttorneys that specialize in this type of law say that a prenup can benefit anyone, even those individuals that enter a marriage with very little assets. Is this true? Or are these matrimonial attorneys just looking for more business? Read on and let’s find out.

The first reason is that the couple will more than likely acquire various assets during the marriage, and even though they may be a young couple just beginning their careers, matrimonial law varies from state to state. The temperament and expertise of judges varies as well, and they don’t want some unknown judge deciding who gets what. Lawyers say that no two divorces are alike. This makes sense.

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