If you're considering bankruptcy or have already made the decision that it's the best alternative for getting out from under overwhelming debt, the next step is determining which type of personal bankruptcy to choose -- Chapter 7 or Chapter 13.
Back-to-school time can be a relief in many ways for parents. However, if you're a separated or divorced parent, this time of year requires some planning and likely extra communication and cooperation with your co-parent. This is especially true if this is the first fall since the break-up. Following are a few things to keep in mind to make things go more smoothly for you and -- most importantly -- to minimize stress on your kids.
Reaching the age of 18 comes with a lot of freedom. You are now considered an adult and free to break out on your own. Many young people begin this part of their life getting their own place to live, buying a car, getting a job or attending a secondary school. During this time, it doesn’t take long for credit card offers to come in the mail. Then soon after that, you may find they are maxed out. It is not unusual for people to reach the age of 25 and encounter high debt.
If you're considering divorce in Colorado and doing some research into the laws and process, you're likely going to come upon some terms that may seem odd or at least new. Family law statutes vary among states, as does the language around divorce and co-parenting.
Your pet is a member of your family — but not in the eyes of Colorado law. Here, pets are legally considered property, meaning they are subject to the property division statute in the event of a divorce.
Medical debt is the leading cause of personal bankruptcy in the U.S. The number of uninsured Americans has dropped significantly since the implementation of the Affordable Care Act (ACA). However, even with health insurance, a serious illness or injury can wipe out a family's savings and put them in serious debt.
If you've waited to marry until you've firmly established your career and bought a home, you aren't alone. Many couples aren't tying the knot until they've had independence and success. Also, for many same-sex couples, marriage wasn't a possibility until the past few years.