In this segment, we will discuss how debt in one spouse’s name is generally presumed by the public to be the sole and separate obligation of that spouse and how that presumption is often wrong. In assessing whether a debt obligation in one spouse’s name is truly just the responsibility of that spouse, we first […]
Shocking News Flash: A breakdown of one’s marriage and debt usually go hand in hand. Money issues can lead to separation and separation between married people can lead to substantial debt issues. Debt does not go away when a couple separates; it merely sits in wait, ready to pounce as the next woe to be […]
Common situations I come across with bankruptcy inquiries:“I want to file for bankruptcy but I don’t want to lose my car.”“I have a mortgage that I’m able to pay but I’m struggling. Would I lose my house if I file for bankruptcy?” Filing for bankruptcy relief generally relieves a debtor from substantial personal economic liabilities […]