Tag

bankruptcy
Wage Garnishment & Divorce
One of the worst parts about struggling to overcome debt, especially during or after divorce, is wage garnishment. In many instances, creditors who receive judgment against you can have your wages garnished directly from your paycheck. If this is happening to you, then you understand how negatively this impacts your life. Most of us need...
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The means test became part of bankruptcy law in 2005 to help individuals determine their eligibility for bankruptcy, as well as determine which kind of bankruptcy is the best for the situation. Completing the requirements may seem daunting because there are a number of technicalities involved, which is why it is not recommended that you...
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Divorce Mediation
The process of foreclosure happens when you are unable to make the mortgage payments each month and the lending company initiates a process to repossess your home. This usually happens after a few missed or late payments as well as a warning. The entire process usually takes about 8 months from the time you receive...
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With debts at unprecedented levels (especially student loan debt), many divorcing couples are finding themselves splitting up debts rather than assets. Common Debts Common debts that are divvied up in a divorce proceeding include: Student loan debt Credit card debt Home mortgages Car loans In an uncontested divorce matter, both parties come up with a...
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In this economy, bankruptcy and divorce do often come hand in hand.  Many people facing financial difficulties are also dealing with the increased strain that places on their marriage, and sometimes it comes to a breaking point.  The question is then, which step do you take first? Bankruptcy before Divorce If both parties intend to...
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In the current economy, many people have been faced with the reality of bankruptcy. Often, people spent more than they had and are left holding the bill. The bankruptcy process exists to give individuals a fresh start, but what happens when your ex has an ongoing obligation to you? Minnesota Bankruptcy Court The bankruptcy court recognizes...
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