In 2019, researchers from the Consumer Bankruptcy Project published an article in the American Journal of Public Health, revealing that they determined that medical expenses were a key factor in 66.5% of all bankruptcies. That number is likely to increase given the growing number of Americans that have been diagnosed with COVID-19.
Filing for bankruptcy is a very personal choice and it’s never an easy decision. Even when drowning in debt, many individuals see filing for bankruptcy as a type of failure. Out of pride, they put off filing, not realizing that this decision can actually make their financial situation much worse. For some, known as long-strugglers, this period of time can ...
Student loan payments can be overwhelming and many borrowers report that they feel unable to “get ahead” financially because of these loans. When bankruptcy is declared, can these loans be discharged, providing relief? We explore this question and how to offer relief to individuals with significant student debt.
Any person or party who files for bankruptcy must attend a 341 creditor’s meeting. This meeting is a time during which the appointed trustee and any creditors who attend can ask questions about the debtor’s financial standing. We'll explore what you should know about these 341 creditor's meetings.
Choosing to divorce is never an easy decision and it can feel even more complicated when children are involved. Frequently, couples choose to prolong the relationship believing that divorce may negatively impact their children. However, there is a plethora of evidence that in many cases, divorce could actually be beneficial for children.
You may have an idea about how you and your spouse will split up child custody, the house, or the family car. What about your the income you share through stocks? Especially in the state of California, it is common for a couple to invest in companies. Read the full story on how you should go about splitting it between ...
A common issue that comes up in California divorce cases is what happens to property owned by one spouse prior to marriage. It is a common misconception that upon marriage, all marriage property becomes...
A restraining order or protective order is an order used by a court to protect a person, business, company, establishment, or entity, and the general public, in a situation involving alleged domestic violence, assault...
Also referred to as “alimony,” spousal support refers to court-ordered payments that a higher-earning spouse must pay to the lower-earning spouse during the divorce process and after divorce is finalized.
Child support is the amount of money a court can order a parent or both parents to pay every month for the expense of raising a child (or children). A judge determines the amount of child support based on...
