Have you been hesitant to file for bankruptcy because you don’t think you have the money to pay an attorney since you can’t pay your bills? Let’s talk about your situation and whether filing for bankruptcy may be more affordable than you realized.
For many children, the idea of having to say in court which parent they want to live with can be a frightening and painful experience. If there’s any way to keep your child from speaking out, we’ll do everything we can to create a solid case without them.
Before entering into a Chapter 7 bankruptcy, filers must meet the requirements of the Chapter 7 “Means Test.” This is necessary to make sure that only those that are genuinely qualified for Chapter 7 are allowed to use it, and to keep those in better financial health from exploiting it.
It’s important to remember that being unable to meet all your financial obligations doesn’t make you a bad person or lazy. Sometimes, life circumstances can put us into circumstances where there just isn’t enough money to pay all the bills.
The Limited Liability Act of 1855 was innovative in regards to bankruptcy and debt. This act put a limit on shareholder liability by limiting the amount that they had to pay in shares. In essence, it stated that if someone invested, say, a thousand dollars in a company that owed millions, that person would likely not see their money (though they would not lose more than they invested).
What is a prenuptial agreement? It is a binding contract between future spouses that spells out the division of assets, and may include other issues, in the event of a divorce. All states recognize properly drafted prenuptial agreements.