Most people have a stereotype in mind when they think of someone who files for bankruptcy. They assume the person was a big spender with no self-control or perhaps had a gambling addiction. While credit card and gambling debt are real and common, they are not the biggest sources of bankruptcy.
After a divorce, one of the things you may have to deal with is a post-divorce modification. This modification might be used to help change custody or to ask for a different portion of assets. Each modification is unique, so your attorney will need to review a requested modification or help you produce the documents you need for a modification of your own.
Bankruptcy might seem like it's uncommon, but the truth is that it happens more than you may believe. One of the most common issues leading to bankruptcy in America is health care. Despite the Affordable Care Act's intentions, costs have risen and driven more people into debt. This has led to a continuation of people filing for bankruptcy because of health care.
Same-sex divorces are similar to any traditional divorces, but some couples may face complications. Since the legal date of marriage may not actually reflect how long a same-sex couple has been together, there may be unusual circumstances that the judge has to consider.
Declaring bankruptcy can be intimidating. While it is a decision that may be in your best interests overall, it can still be confusing and stressful. The bankruptcy process involves a lot of procedures and legalities that can be difficult to grasp.