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What You Should Consider during the Divorce Settlement Process

Some couples get so tempted to just sign the divorce settlement in a hurry just to get the process over with.  Even when things look good they may not always be fair and for some, they find out after the divorce has been finalized.  When making decisions regarding the settlement there are several areas that [...]

By |2018-11-14T22:30:50-05:00June 11th, 2012|Divorce and Bankruptcy|Comments Off on What You Should Consider during the Divorce Settlement Process

Do I Need a Lawyer to Create a Separation Agreement?

Having an attorney assist you in creating a separation agreement is optional.  Some states may not require a separation agreement be created.  Having legal assistance may depend on your financial situation.  Some couples opt to create an agreement on their own if they can't afford legal services.  Others feel that because of assets and the [...]

By |2018-11-16T18:56:50-05:00May 21st, 2012|Divorce and Bankruptcy|Comments Off on Do I Need a Lawyer to Create a Separation Agreement?

Is There a Way to Protect Assets During Divorce?

It's common to feel as if certain assets are in danger with a pending divorce.  Couples set to end their marriage have several important decisions to make.  Reviewing information regarding assets can determine how they are divided as well as how they can be protected.   Depending on the assets in question, you'll want to review [...]

By |2018-11-16T19:00:44-05:00May 16th, 2012|Divorce and Bankruptcy|Comments Off on Is There a Way to Protect Assets During Divorce?

Divorce: What Happens When I’m Not Happy with the Judge’s Decision?

Divorce can be a challenging time for everyone but the judge often works to make the best decision for all parties involved.  While it's true one may not be happy with what is decided by the judge, the judge may see things in a point of view that sometimes is misunderstood by one or the [...]

By |2018-11-07T23:32:49-05:00April 13th, 2012|Divorce and Bankruptcy|Comments Off on Divorce: What Happens When I’m Not Happy with the Judge’s Decision?

Common Questions about Bankruptcy and Divorce

Questions about Bankruptcy and Divorce Dealing with financial issues during marriage is common but for some couples, money issues contribute to relationships that have gone downhill. With divorce being imminent, a spouse may become curious about what debt is owed, who will be responsible for paying it and what happens if someone isn't able to [...]

By |2017-12-13T00:33:23-05:00February 3rd, 2012|Divorce and Bankruptcy|Comments Off on Common Questions about Bankruptcy and Divorce

Advantages and Disadvantages of a Prenuptial Agreement in Divorce

In the United States a premarital agreement, also known as a prenuptial agreement, is an agreement made between each spouse before marriage. While most property and assets acquired before marriage are protected by such agreement in divorce, it may or may not affect assets acquired during marriage. Prenuptial agreements give respect to property involved as [...]

By |2018-11-14T16:45:15-05:00January 4th, 2012|Divorce and Bankruptcy|Comments Off on Advantages and Disadvantages of a Prenuptial Agreement in Divorce

Choosing to File Bankruptcy during Divorce

Filing Bankruptcy During Divorce There may be concerns surrounding bankruptcy and divorce that should be reviewed before progressing through either process.  Bankruptcy may be considered in or during a divorce when certain situations arise such as a job loss or medical illness.  One may consider bankruptcy if they feel they will be unable to pay [...]

By |2017-12-13T00:33:45-05:00January 3rd, 2012|Divorce and Bankruptcy|Comments Off on Choosing to File Bankruptcy during Divorce

Avoiding The Negative Impact Divorce Can Have On A Bankruptcy Case

Divorce nearly cost a debtor the confirmation of his Chapter 13 bankruptcy case, after he failed to apply for a modification of his plan in a timely fashion. Details of the bankruptcy case: The Debtor and his estranged spouse, Mrs. Carlson, originally filed their joint Chapter 13 bankruptcy petition on December 28, 2005 ("Case No. [...]

By |2018-11-16T21:40:44-05:00September 8th, 2011|Divorce and Bankruptcy|Comments Off on Avoiding The Negative Impact Divorce Can Have On A Bankruptcy Case

How Will My Divorce Decree Impact My Bankruptcy?

Your Divorce Decree and Bankruptcy Divorced debtors considering bankruptcy are often concerned about agreements they made in their divorce decree.  The good news is that if the divorced debtor's financial situation has changed in a way which warrants bankruptcy, they may be able to discharge certain debts. Those debts they are unable to discharge may [...]

By |2017-12-13T00:34:05-05:00August 25th, 2011|Divorce and Bankruptcy|Comments Off on How Will My Divorce Decree Impact My Bankruptcy?

Protecting Your Credit During A Divorce

How to Protect Your Credit During a Divorce Living in Texas, a community property state, married couples are exposed to the liability of debts accumulated by their spouse.  Credit card debt is one of those areas where couples going through a divorce are particularly vulnerable. Below are a few tips on protecting yourself: Once you [...]

By |2017-12-13T00:34:18-05:00December 22nd, 2010|Divorce and Bankruptcy|Comments Off on Protecting Your Credit During A Divorce