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Which Debts are Discharged by a Bankruptcy and Which Are Not?
People seeking relief from debt through bankruptcy do so with the understanding that in doing so their credit card bills will be wiped away, as well as most of their other unsecured debt. But those who don’t spend time doing the research into the ins and outs of the process risk having unrealistic expectations about how they will be impacted, and particularly on what debts they will still have to pay. Some debts are notoriously difficult to discharge through bankruptcy, but others are specifically not eligible for discharge. It is important that anybody considering a bankruptcy filing familiarize themselves with …Read More ➡
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Can Filing for Bankruptcy Prevent a Foreclosure?
If your financial woes have led to you falling behind in paying your mortgage, you may be vulnerable to a foreclosure proceeding. Foreclosure doesn’t happen overnight. The lender that is carrying the debt on your home must notify you that you are at risk of foreclosure in order to provide you with time to make your payments or negotiate a new agreement. It is only when you fail to find a way out of your problem that the lender will finally take the steps needed to sell your home at auction so that they can recover as much of their …Read More ➡
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Signs that You Should Consider a Divorce
All couples become frustrated with one another — and even livid with one another — and when that happens it’s not unusual to let the thought of splitting up creep into your consciousness. These thoughts are generally fleeting and dismissed just as quickly. But if you’ve been finding yourself thinking this more and more frequently and have been holding on to the idea, tossing the pros and cons of divorce in your head, it may be time for you to take action. Beyond the occasional fantasy of life without your spouse, there are a few signs that are indications that …Read More ➡
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How to Make a Divorce Easier on Your Children
Depending upon your situation, your divorce can represent a significant sense of loss and grief or it can signal the start of something better and a chance at happiness. No matter its impact on you and your spouse, it’s essential that you use special care if you have children who will be affected. Depending upon their ages and your situation, your children may not understand what is happening. For older children who have watched the marriage deteriorate, your divorce may come as a relief. But kids who have been unaware of things breaking down may react very poorly to the …Read More ➡
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Is Student Loan Debt Wiped Out by Bankruptcy?
Overwhelming debt has many causes and even more contributing factors, and one of the most common contributing factors in bankruptcies being filed today is the burden of student loan debt. The average amount of student loan debt in America today is $38,390. This is a staggering amount for any one individual to owe, but if you add to that another factor such as a medical emergency or credit card debt, it is not hard to see how things can get out of control. If you are considering filing for bankruptcy and student loan debt represents a significant amount of the …Read More ➡
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When it’s Time to Consider Bankruptcy
People don’t think about bankruptcy until they’re in pretty significant financial trouble, so if you’re at the point where you’re starting to wonder about it or investigate the process, that’s a pretty good sign that it may already be time for you to file. Still, even people who are in dire straits tend to push bankruptcy off until the last minute. They view it as a last resort, and some kind of admission of failure, when, in fact, bankruptcy is a remedy that gives you a fresh start and puts you on the road to a much better life. Most …Read More ➡
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How to Get a Divorce in Pennsylvania
If only life events came with the same type of instruction manuals that our appliances do. If they did then we’d have easy access to answers about raising children, purchasing a home and navigating divorce. Every divorce experience is different and is dependent upon the personalities of the partners, the particular issues that need to be resolved, and the state in which they are seeking a dissolution of their marriage. In the state of Pennsylvania, divorce requires at least one of the spouses to have lived in the state for six months. Beyond that, the state’s divorce process can be exceptionally …Read More ➡
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What is the Difference Between Secured and Unsecured Debt?
If you’ve made the decision to file for bankruptcy, your first step in that direction will be filling out a lot of official paperwork that provides the details of your financial situation. As you can imagine, these forms will ask about your income, your assets, and your debts, and the information you provide will go far beyond simply how much you owe: the bankruptcy court will want to know whether a debt is secured or unsecured, and what the priority levels of unsecured claims are as well. This information is essential in helping to determine how your various debts will …Read More ➡
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What is a Prenup?
A prenup, or prenuptial agreement, is a contract that is drawn up before a couple marries, spelling out the details of how they will divide their assets and what financial obligations they will have to each other if their marriage ends in divorce. Though some people resist the idea of a prenup, considering even the discussion of a potential divorce off-putting and unromantic, a quick conversation with anybody who has been married and gone through a divorce will quickly disabuse them of that idea. Most people jump to the conclusion that a prenuptial agreement is only desirable for one prospective …Read More ➡
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Can You be Charged With Assault While Defending Yourself?
Pennsylvania’s laws define assault as inflicting or attempting to inflict bodily harm on another person. Though that seems fairly straightforward, what happens if you have purposely inflicted harm on somebody else while defending yourself? Though the state of Pennsylvania once had a law known as the Duty to Retreat, which meant that you had to take “reasonable steps” to avoid conflict instead of using force. Those laws were eliminated when it became clear that it put the victim in an untenable situation and unable to defend themselves. Now an individual can use self-defense as justification for inflicting bodily harm, but …Read More ➡
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