Will everyone know I filed for bankruptcy?
Motivational Monday...
Motivational Monday...
Motivational Monday...
Motivational Monday...
Motivational Monday...
If you’re overwhelmed with debt, you may be wondering if it’s worth it to file for bankruptcy. Taking this step could give you a fresh start, but bankruptcy can also have downsides (like affecting your credit score and ability to borrow money). Before you decide, it’s helpful to look at the benefits and the costs. We asked readers across the U.S. about their recent experiences with Chapter 7 bankruptcy. Here’s an overview of what they told us.
NOLO.COM
Chapter 7 Bankruptcy: What Will It Cost and Will It Wipe Out My Debts?
With early voting already underway in some states and November 3 just around the corner, you may be wondering about your obligations as an employer to provide your employees the opportunity to vote. These questions are particularly important in light of the current pandemic and the high political tensions at play during this election. Here are three steps you can take to prepare your business and workforce.
RONKELAW.COM
What You Need to Know about Elections and Your Business
Motivational Monday...
So you’ve done the hard work of establishing an estate plan. Good on you, as they say across the Pond. However, you still have serious work to do to ensure that the strategy you’ve selected will maximize your peace of mind and protect your legacy. Estate plans are living, breathing creations. Your life can and will change due to new births, children getting older and other shifts in the family; changes to your portfolio, career and business; and changes to your health, where you live and your core values. Likewise, external events, such as tax legislation passed in your state or the development of a novel financial instrument, can throw your plan off track or open the door to opportunities.
RONKELAW.COM
Stress Test Your Estate Plan - Ronke Law
Before you file for Chapter 7 bankruptcy, you’ll want to decide if it makes financial sense. You can determine if Chapter 7 bankruptcy is right for you by asking yourself the following questions:
Are you judgment proof—that is, are creditors legally barred from taking your property or income even if you don't file for Chapter 7 bankruptcy?
Will Chapter 7 bankruptcy discharge enough of your debt to make it worth your while?
Will you have to give up property you want to keep?
Depending on your answers to these questions, you might find out that Chapter 7 bankruptcy won't help much or, in the alternative, that it is a good choice for you.
NOLO.COM
Is Chapter 7 Bankruptcy the Right Choice for You?
Princess Diana of Wales was one of the world’s most loved celebrities – and one of the richest. Her tragic death in 1997 was world news. The majority of her estate, reportedly worth $40 million at the time of her death, was divided between Prince William and Prince Harry in her estate plan. However, she also wrote a “letter of wishes” that directed her executors to give a number of personal effects to her godchildren. Those executors, her mother and her sister, went to court and had it ruled unenforceable.
RONKELAW.COM
Wondering Whether You Need to Update Your Estate Plan? - Ronke Law
For most people, the main goal of filing for Chapter 7 bankruptcy is to discharge (wipe out) their debts. Although some debts are "nondischargeable" (they don’t go away in bankruptcy), many people who file for Chapter 7 will be able to discharge most or all of their debts. Credit card debt is one of the most commonly discharged debts, but Chapter 7 will discharge many other types of debt, as well.
NOLO.COM
Which Debts Are Discharged in Chapter 7 Bankruptcy?
Motivational Monday...
Please allow us to be frank. It’s unrealistic to think that a piece of paper you draft, reflecting your life at a certain time, will work when your life has completely changed some years later.
RONKELAW.COM
Wondering Whether You Need to Update Your Estate Plan? - Ronke Law
Although most Chapter 7 bankruptcy filers will be able to get rid of qualifying debt, such as credit card balances, medical bills, and personal loans, some debts are nondischargeable. They aren’t erased in Chapter 7 bankruptcy. Here's what you can expect in Chapter 7 bankruptcy.
NOLO.COM
Nondischargeable Debts in Chapter 7 Bankruptcy
Motivational Monday...
Motivational Monday...
You finally crossed “getting your estate plan done” off your list, and you’ve (rightly) breathed a huge sigh of relief. By tackling this challenge, you’ve not only established protections for your loved ones and legacy, but you’ve also freed up some important “mental space” that had previously been preoccupied.
RONKELAW.COM
Your Estate Planning Binder: Tips for Proper Care and Maintenance | Ronke Law
The bankruptcy means test is often the starting point for anyone who is filing for bankruptcy. It determines if you are eligible for Chapter 7 bankruptcy, and impacts your plan length in Chapter 13 bankruptcy. The means test is a complicated form, and mistakes are common. Read on to find out what some of the most common mistakes debtors make when completing the test.
NOLO.COM
Common Mistakes Made on the Bankruptcy Means Test
Motivational Monday....
It's as easy as clicking below and scheduling a free consultation either over the phone, by video or in person. https://cozycal.com/ronke-law/bankruptcy-first-consultation
Wacky Wednesday...
The limited liability company (LLC) is a popular business structure for new businesses, but what does it really mean to own an LLC? LLCs provide unique opportunities to customize business ownership to fit the particular needs and circumstances of the owners. Here is what you should know about LLC ownership.
RONKELAW.COM
How Does LLC Ownership Work?
Motivational Monday...
It's as easy as clicking below and scheduling a free consultation either over the phone, by video or in person. https://cozycal.com/ronke-law/bankruptcy-first-consultation
