Chapter 7 bankruptcy is, in some senses, the cleanest way to eliminate your debt. Filing gives you a chance to wipe out what you owe and start over. That's different than Chapter 13, for instance, where you have to spend years paying off that debt.One thing to keep in...

Month: March 2020
Struggling financially? Bankruptcy is one option to explore
We are living in very uncertain times. Where what seemed sure and certain only a few months ago now appears quite shaky and unsubstantial.Due to the worldwide pandemic COVID-19, many people who thought that they had no financial hardships are now facing a perilous...
COVID-19 isolation will lead to divorce
Many industry experts believe that the isolation imposed because of the COVID-19 pandemic is going to have a drastic impact on families all over the world. When things finally calm down and the strict rules are lifted, they think we're going to see a spike in divorce...
Is your spouse hiding money from you?
When you and your spouse got married, it was "share and share alike." Well, the halcyon days of your relationship are past and you've developed a creeping intuition that your spouse is not being honest with you about money matters -- probably in preparation for a...
Coronavirus should make you consider estate planning
The impact that the coronavirus (COVID-19) has had on the world cannot be denied. People all over the world are in quarantine, travel has been restricted and many major events -- such as all NFL and NHL games or the March Madness tournament -- have been canceled or...
Prince’s estate encounters new complications
When music icon Prince died, people were shocked that the singer and songwriter didn't leave behind a will. His six siblings stood to inherit roughly $100 million. However, the licensing rights on many of his unpublished works could be worth much more.Two of those...
Different marriage expectations can cause issues
If you and your spouse entered into your marriage with different expectations for what that meant, it can lead to some serious issue. In many cases, it can even lead to a divorce.For example, one woman said that her husband had a very old-fashioned idea of what her...
How the SECURE Act changes trust planning
The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect at the beginning of 2020. Among other things, it changes some of the rules on certain kinds of trusts -- which means that you may need to revise your current estate plans.In the...