Not only is divorce emotionally taxing, but it can also be financially taxing. When you go through a divorce, you never know what is going to happen in the outcome. You may be owed alimony, or you may find yourself paying alimony. Regardless of where you stand on the financial spectrum, you need to have a solid approach for negotiating. These tips will help you establish yourself after your divorce.
A Chapter 7 bankruptcy is the type that discharges your debts whereas a Chapter 13 bankruptcy reorganizes your debts and sometimes reduces them. You have to meet certain standards to qualify for both bankruptcies; however, a Chapter 7 bankruptcy has more stringent standards. It is for this reason that many people consider a Chapter 7 bankruptcy first and a Chapter 13 second. However, even if you qualify for a Chapter 7 bankruptcy, it may be more advantageous to file for Chapter 13.
If you're living in an abusive relationship, help is available. You may feel that you have no options available to you, but that's not the case. There are steps you can take to protect yourself from the abuse. Here are four steps you need to take to get away from the abusive relationship.
1. Talk to an Attorney
If your partner is abusing you, it's crucial that you talk to an attorney as soon as possible, especially if you're married.
Bankruptcy filing may be essential if you are struggling to make ends meet and don't see any way to get out of debt anytime soon. There are things you can try before filing for bankruptcy, such as borrowing money until you can get back on your feet or trying to get in touch with your creditors for some leniency, but if these are not an option or aren't going to help you, bankruptcy may be the best option.
If you have decided not to live with your spouse anymore, you can either opt for legal separation or for a divorce. Both options have their pros and cons, but there are key differences between them you need to know. Here are some of the factors most affected by these differences:
By definition, getting a divorce means that your marriage is legally over; that is, you are single as far as the law is concerned.