Bankruptcy and Marriage

When two individuals join in a marital contract, it is said that their two lives become one.  Although this is true with the matters of the heart, it is unfortunately also true when it comes to finances. In some cases, a married couple may find themselves entering into complicated territory when bankruptcy is introduced into the equation.

Questions raised by marriage and bankruptcy often include issues about who is liable for which debts, what creditors can reasonably expect to collect, and what happens when bankruptcy is filed before marriage or after divorce.  For many people, it is often unclear what effect bankruptcy will have on their finances when marriage is factored into the equation.

Bankruptcy Filed Before Marriage

If a person files for bankruptcy before marriage, the judgments against the individual typically stay with that person into marriage. The spouse’s assets are usually unaffected, but any applications for joint credit will be affected by the past bankruptcy filing.  Any actions requiring credit together will be affected by the bankruptcy, even though it occurred before the marriage.

Bankruptcy Filed During a Marriage

If a person is married but files for individual bankruptcy, the court will often look at the finances of the person who filed, but also those of the spouse.  A married couple may also file for joint bankruptcy, during which the financial situation and assets of both parties is usually thoroughly reviewed.

Bankruptcy Filed After a Divorce

Divorce proceedings are typically complicated affairs, and such situations can be further complicated by bankruptcy.  When a married couple divorces, joint property is often divided and is considered separate property in the future.  Divorce courts will often determine if the two individuals are still personally liable for joint debts, and if not, the non-filing spouse is typically not required to pay anything.

It is essential that any person who is considering filing for bankruptcy examine their financial situation carefully and consult a legal professional about any questions that may arise. For more information regarding marriage and bankruptcy, visit the website of Boston bankruptcy lawyer Joshua Spirn & Associates.  

Joseph Devine

More Bankruptcy Articles

Selecting a Sign Company Jacksonville FL Trusts

For your Jacksonville business, contacting sign companies in Jacksonville is a good way to get an effective and competitive signage. Getting in touch with several companies is ideal so you can select the one you prefer to work with. Once you have a list of your prospective sign companies, it time to compare their experience, scope of service, speed in delivering products, product quality, and pricing.

 

Compare experience. Years of experience play vital roles in honing the abilities of sign companies. There are companies that are young in the industry, and there are also those known for being seasoned experts. Those that have extensive experience in providing signage services are good candidates for your selection.

 

Compare scope of service. There are sign companies that specialize in making only commercial signs, and there are those that can do such signs as well as vehicle wraps and banners. The advantage of choosing a company that specializes in your preferred signage is that you can expect excellent creation of your desired products. However, if you need multiple signs, why not go for a company that can be a one-stop shop for your signage needs? Such a company can also provide satisfactory outputs.

 

Compare speed in delivering products. sign companies in Jacksonville vary in terms of speed in creating products. There are companies that can rush the process and deliver good outputs, and there those that guarantee excellent products at the cost of additional waiting time. Alternatively, there are companies that can balance quality and speed, enabling clients like you to get top-notch signs quickly and efficiently.

 

Compare product quality. Perhaps the litmus test of a good selection is evaluating product quality. All things held constant, product quality determines the caliber of what a sign company has to offer. Ask for as many product samples as you can get from your prospective companies so you can select one that has a product portfolio that stands out.

 

Compare pricing. Quality products need not be expensive, and going for cheap ones is not the way to go. Find a company that delivers quality products on time and at a reasonable price. You can get the best value for your money if you choose a sign company that places a premium on providing quality but cost-efficient products.

 

Selecting a sign company Jacksonville FL trusts becomes easy when you have an organized way of doing it. Use the previous criteria and take adequate time to carefully evaluate the capability of your prospective companies. Once you find the right one, you can get the quality signage your business needs.

If you have questions, please visit us at www.SignsNMotion.com for complete details and answers.

Trusts in Active Directory create the pathways for authentication to occur. They are used to link Active Directory domains to each other and also link Active…

More Trusts Articles

Donald Trump and Bankruptcy

Historically in the United States, bankruptcy is a term that has carried an extremely negative connotation.  Those who file for bankruptcy protection are seen, mostly by themselves, as failures who could not meet their monthly obligations.  Unfortunately, this is almost always an inaccurate way to think about and approach bankruptcy, as you’ll see below.

Donald Trump

When people think of successful businessmen in the United States, many will either immediately or quickly think of Donald Trump.  He’s long been famous for his aggressive business tactics and his willingness to make the ‘big deal’ that makes a huge splash with the media.  Most of Trump’s success has been within the real estate field, but as anyone who’s been paying attention in recent months understands, the real estate market is in dire straits.

When a market-wide crash occurs as it is right now, no one is exempt from its effects.  That includes Donald Trump, whose real estate company has also fallen on hard times given the dropping values of land and property, the extreme difficulty with obtaining competitive financing and the lack of ability to sell property at a price that presents a profit to the seller.

As a result, Trump’s real estate company recently filed for bankruptcy.  Since it was technically a corporate bankruptcy petition, filed under Chapter 11 of the United States Bankruptcy Code, Trump’s individual assets are not at risk.  However, his company must now be reorganized under the tenets of bankruptcy law and it must meet all the criteria set out by the court in order for the reorganization to be accepted and to ultimately be successful in getting the company back on its feet.

Not the First Time

Additionally, this latest filing for bankruptcy protection is not the first time one of Trump’s development companies has sought bankruptcy protection.  Trump’s company also filed for bankruptcy protection in 1991 during the previous American recession and for many of the same reasons – his company owed too much money and his assets could not be sold to the point where the company could meet its obligations.

Lessons Learned

What anyone should take from this brief bit of history is that anyone can fall into hard times financially and because of circumstances beyond his or her control.  Those who may be struggling should also understand that bankruptcy is not an end, but rather a beginning anew, as Trump has already proven.

If you are facing financial difficulties, do not wait and allow it to get worse – contact the Arizona bankruptcy attorneys at Phillips & Associates today to schedule an initial consultation and take the first step towards getting your finances under control. If you would like to learn more about Arizona bankruptcy laws, please visit http://www.az-bankruptcy.net.

Why is Estate Planning Important?

If you are a relatively young person, you might think that estate planning bears no relevance to you and can be done some time in the future. A responsible person always makes contingency plans for any future eventuality, and that is what an estate plan is. If you have just married or have young children it is all the more important that you are more responsible with your finances so that your spouse, loved ones and minor children are taken care of if you were to meet with an unforeseen accident or death.

 

Estate planning ensures that all your assets: cash, properties, shares, clothes, jewelry, land, retirement, investment and savings are properly disbursed on your death. The goal of the estate planning is to ensure that most of these assets are transferred to your beneficiaries while paying the least amount in taxes. In case you have minor children, the plan will assign legal guardians for them to act on their behalf until they reach their adulthood.  The plan may involve the making of a will and a trust. After establishing your needs, your estate planning attorney would recommend whether you approach a will-based estate plan or a trust-based plan. A will is a legal document that is a decree of your wishes on how you would like your properties to be distributed on your death. Should you want to set up a trust, the properties would be entrusted to an individual or organization that would manage your property on behalf of the beneficiaries. If you require some person to act on your behalf having legal power to handle your affairs when you are unable or unavailable then the document called a “power of attorney” can be drawn up.

 

Over the years, the number of trust-based estate plans has been on the rise as creation of a trust involves fewer administrative expenses and so your lawyer would advise it over a will-based plan. Will based plans generally invite higher administrative costs during probate. Whatever your decision, even a revocable trust would still require you to make a last will and testament to express your last wishes. For all your queries you should visit lawyers who specialize in handling such cases. If you are of sound mental health and above 18 years in age you are eligible to start thinking of making your will and start the process of estate planning. Hannibal MO residents can consult family lawyers who will give you the best counsel.

 

 

When to comes to equal distribution and documentation of properties or assets, always look for appointing professional Estate Planning Hannibal MO  attorney for complete legal procedures.

Elder Abuse – Protecting Our Senior Citizens

Within the mid-Sixties the federal passed, along with alternative civil rights legislation, the Older Americans Act of 1965, forty two U.S.C. 3001 et seq., specifically addressing the older American. Traditionally, this statute is central in the context of elder law being that it absolutely was the primary to ascertain prohibitions against abuse and neglect of the elderly, among other protections. Since then, elder abuse laws have expanded both on the federal and state levels as seen with the 1987 Older Americans Act Amendments and similar state adopted laws that mirror its provisions.
While the Older Americans Act will not give an all-encompassing definition of an elder, it sets tips for determining elder abuse that is ultimately determined based mostly on the particular facts and circumstances of a given situation. Notwithstanding, Americans aged 65 or older have come to fall at intervals the “elder-demographic.” As such, consistent with a report of the U.S. House of Representatives Committee on Aging, 5 p.c of all Americans of this aged population are victims of elder abuse. Sadly, the same source estimates solely twelve percent of all elder abuse activities are actually reported.
These numbers suggest that elder abuse has become a virus downside in the United States affecting a staggering one-third of all older Americans who belong to a notably growing class of citizens. Abuse takes many forms, however the ultimate result is damage – physical, psychological, emotional, or legal – to the elder person. Often, the victim might have been abused by shut family, friends, or their caregiver; however, there also are instances of self-abuse. In short, one need solely infringe on the rights of an elder person, or willfully and/or neglectfully cause physical, money, or psychological hurt for it to be thought-about abuse. So, the manner and types of elder abuse that exist kind a broad spectrum of varying degrees.
Very serious among the abuses of the elderly are domestic violence, sexual assault, stalking and dating violence, all of that could include physical and/or psychological components, presumably even exploitative ones. Consequently, the most common causes of elder abuse in general are:
1. The abuser has an innate pathological would like to hurt others, particularly elders.
2. The caregiver breaks down underneath the strain of caring for the elder person resulting in abuse, often occurring with Alzheimer’s patients, and typically when there’s solely one caregiver who is without sufficient relief or respite.
3. The caregiver seeks revenge that’s frequently because of a task-reversal behind the caregiver having once been a victim of past abuse.
4. The caregiver might be a substance abuser which influences his/her abusive activity.
5. The caregiver is isolated or feels unappreciated and manifests his/her frustration by abusing the elder person.
6. The caregiver could be underneath the monetary control of the older person causing anger and/or resentment directly or indirectly leading to abuse.
7. Institutional caregivers that lack resources and/or personnel necessary to provide adequate care that leads to negligence or neglect.
The causes are several, and this list isn’t all-inclusive: socioeconomics, race, culture, and alternative emotional factors are also known to have – in some cases- a causal affiliation to abuse.
The legislative response to elder abuse has created some vital progress in abating this national drawback; for instance, the Older Americans Act Amendments need state agencies on aging to determine and establish protective wants and protecting services to assist the elderly. Nevertheless, the state response to the matter has been limited.
One proposal is to mobilize a bigger grass-roots effort to convince the states to enact appropriate legislation also on allocate bigger resources to elder protection with an emphasis on more training of law enforcement and protective services personnel. Given the insufficiency of resources across the country, though, several experts suggest a mix of government based mostly, private, and charitable efforts in an exceedingly joint-alliance to stem what’s one among the foremost vital issues affecting our elderly.

Kitty Cooper been writing articles online for nearly 2 years now. Not only does this author specialize in elder care ,you can also check out his latest website about: Black Electric Fireplace Which reviews and lists the best Electric Corner Fireplaces

Related Elder Law Articles

Photo Supplements For Wills Eye Manual

Wills Eye Manual gives authoritative information about every eye disorder known to modern medicine. The claim does not exaggerate; it simply states a fact.

Now in its fifth edition, the manual provides clinicians with concise, accurate, explicit information about symptoms and signs, diagnosis and treatment, medication and follow-up care for eye problems of all kinds. Specifically designed for quick and easy use in emergency rooms, high-volume clinics, and primary care physicians’ offices, Wills Eye Manual presents information in outline form according to standard clinical procedure. Now color-coded for even easier reference, easily scanned discussions of eye disorders detail symptoms, signs, and etiology; in the fifth edition, each outline also includes differential diagnosis for vague, ambiguous, and unusual presentations. Outlines continue through laboratory testing, work-up, and treatment; and the editors wisely include discussion of sophisticated, state-of-the-art radiography and laser surgery above and beyond explanation of traditional protocols. Wills Eye Manual includes a Pharmacopoeia, an ophthalmologist’s condensed version of the Physicians’ Desk Reference. And the fifth edition adds all-new appendices devoted to recent discoveries, innovative treatments, and controversial issues in ophthalmology.

The fifth edition marked an advance over the four previous editions, adding color coding to the outlines. That advance, however, pales by comparison with the fifth edition’s unprecedented and by far most spectacular addition: In the fifth edition, the editors have included more than two-hundred full-color clinical photographs. Students, clinicians, and reviewers rave about the pictures simply on the basis of their composition and detail. Far more importantly, though, regular users of Wills Eye Manual accord their highest praise to the photographs’ usefulness. No matter how well a written description represents symptoms and distinctive signs of an eye disorder, a picture naturally provides a more accurate, precise, and immediate assessment tool. One ER doc compares the combination of words and pictures to “Mapquest”: “Always better to have both the pictorial map and the turn-by-turn directions than just one or the other. Same principle applies to the words and pictures in the manual,” he says.

Divne Pointer is a health writer. To find the best price for the Wills Eye Manual please visit http://willseyemanual.com/

Tips for Finding an Emergency Dentist Chicago Trusts

Perhaps you are looking for an emergency dentist you can trust. Although it may seem difficult, finding such a dentist can be accomplished by becoming an informed patient. Here are some tips to help you become one so you can find a trustworthy dentist just within the Chicago area.

 

Know what emergency dentistry is. Emergency dentistry is a system that seeks to address ailments requiring immediate attention. Some of the ailments it covers are bitten/cut lip or tongue, broken, chipped, or cracked teeth, broken jaws, cuts, or gashes, crooked teeth, knocked out teeth, lost fillings, serious toothache, and wisdom tooth extraction. If you suffer from any of these, it is imperative to contact an emergency dentist immediately.

 

Understand what defines an emergency dentist. An emergency dentist is defined by his/her availability and expertise in enabling patients to get out of painful situations. Since a dental emergency can occur under varying and often unpredictable circumstances, a true emergency dentist can provide the necessary treatment without being constrained. Compared with other dentists, an emergency dentist places utmost regard for patients’ expedient recovery.

 

Look for several emergency dentists and pay attention to their traits. You may be fortunate to contact various dentists, but finding an emergency dentist Chicago trusts involves careful selection. To aid you in the selection process, consider some additional traits of a dependable emergency dentist. One is that such a dentist has an extensive and impressive background, especially in handling emergency cases. S/He does not hesitate to provide references who can attest to his/her capabilities.

 

Another trait of an emergency dentist Chicago trusts is that s/he is an empathic and effective communicator. Such a dentist knows how to handle irate or panicking patients and effectively address their concerns. S/He also understands that the best way to calm patients is to establish a sincere connection with them by making them feel genuinely understood. More importantly, s/he uses plain and concise language to enable patients to understand their respective condition.

 

Expand your selection options. Instead of relying on directories, why not use the Internet to find the emergency dentist Chicago trusts? A lot of good emergency dentists post their contact details and range of services via Web sites, so you can take advantage of the Internet by doing research. You can also ask trusted local dentists for referrals to their colleagues who engage in the practice of emergency dentistry.

If you have questions, please visit us at www.PerfectSmileDentalSpa.com for complete details and answers.

mqdefault

The Problem Of Elder Financial Abuse

Estate planning attorneys for the most part engage in every aspect of elder law, and one of the issues that is raising a lot of eyebrows is that of elder financial abuse. They say that all statistics lie, and any time you try to gather data that involves some potentially embarrassing admissions the numbers are likely to be understated. But to give you a general idea about just how significant this problem is, a 2009 MetLife Mature Market Institute study estimated annual losses due to elder financial abuse at some $ 2.6 billion a year.

To put this issue under the microscope you have to get into some sensitive territory, and the rabbit hole runs deep. But to scratch the surface it is useful to point out the fact that the majority of instances of elder financial abuse are perpetrated by a member of the victim’s family. This is hard to swallow, but a fact nonetheless. Short of this, caregivers and other people who are known to the victim are also common culprits, and there is no way of candy coating the challenge here: who can you trust?

Elders are also abused financially by people and entities that they do not know. Offers of various sorts can be made to them over the phone, in person at their doors, or over the Internet. The appeal of these offers can vary, and it must be said that some victims get themselves into trouble through their own desire to make easy money that they really don’t need.

In addition, many seniors fall victim to the epidemic of identity theft. Identity thieves target people of all ages, but seniors are especially appealing because they usually have very good credit, and many seniors own their homes outright making mortgage scams possible.

Elder financial abuse is something that everyone should be aware of and take very seriously. But the fact is that the vast majority of family members would never do anything to harm their elder relatives. People you don’t know who are proactively soliciting you are something else entirely. Stay vigilant, keep a tight hold on your purse strings, and discuss the matter of elder financial abuse with your attorney the next time you review your estate plan.

Alan L. Augulis is a leading provider of expert estate planning guidance in Warren, NJ. For more information on elder financial abuse and other estate planning services, visit our website.

Columbus Elder Law Lawyers

http://alerstallings.com (614) 798-9800 Elder Law is extremely complex and involves both advanced tax and estate planning preparation coupled with many other…
Video Rating: 5 / 5

Find More Elder Law Articles