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Bankruptcy enables individuals or entities to discharge or repay their debts under the protection of the federal bankruptcy court. There are different types of bankruptcy, including Chapters 7 and 13, each with its rules and implications. Until recently, student loans...
In some senses, life is always getting more expensive. Inflation continues to make it so that money is worth less than it used to be. Costs and prices continue to climb as corporations make record profits. But for those who are going through a divorce, it can feel...
Bankruptcy is a solution many people use to resolve overwhelming debt obligations. There are often a few factors that happen before people file for bankruptcy. Someone unemployed may face lots of medical debt after a sudden injury. Or, overspending may lead to late...
How you choose tell your kids about your divorce can shape how they handle the changes ahead and how they view relationships as they grow older. As a parent, you should try to make the situation as easy as you can for them. Understanding the gravity of this...
If you have exhausted all your resources and still cannot overcome your debt, the prospect of bankruptcy may be occupying your mind. You may wonder how it works or when the best time of the year is to initiate the process. Contrary to common belief, there’s no...
Going through a divorce can result in strong emotions. You may feel guilt for "not making things work"/ "failing," grief because the life you thought would last forever is ending, anger towards yourself or your spouse, perhaps for betraying or abandoning you and fear...
Chapter 7 is one of the most common kinds of bankruptcy – and it can wipe out large amounts of unsecured debt. Or, people can file for Chapter 13 bankruptcy to reorganize their debts and make them easier to pay off over time (with any remaining unsecured debts being...
People may struggle with weighing the pros and cons for weeks before they reach a decision about bankruptcy. In some circumstances, people are eligible for Chapter 7 bankruptcy. Other times, people may choose to file a Chapter 13 bankruptcy to regain control over...
Once you’ve formally filed the paperwork and your divorce is underway, you may think you are free to give love another go. After all, you are no longer romantically involved with your spouse. But is dating before the divorce is final always a prudent idea? Finding...
If you and your child’s other parent have decided to go your separate ways, this turn of events is going to affect your child in ways that will be immediately obvious and in ways that may remain hidden for a potentially long time. Emotional reactions to divorce don’t...