Next, know the warning signs of bankruptcy. Sometimes debts that start off innocently enough can snowball and send you rolling into bankruptcy. Keep things under control, monitor your spending, and stay on top of your financial situation.
The bad eye surgery malpractice lawyers near me is one that you dont like. How do you expect this person to defend your case in court if you cant even see eye-to-eye on a personal level? Professionalism can only go so far, especially since arguments and misunderstandings can undermine that professionalism.
You have a family and through years of hard work, sacrifice, and more have truly built something together. Don’t you want the fairy tale? Don’t you want the dream of growing old with your spouse? Again perhaps divorce, based on your situation, is the right way to go but if there is a glimpse of hope then do anything and everything to salvage what you’ve built together. Starting over isn’t an easy road to take.
Putting this into perspective, if you own a home and have $100,000 in equity in that home. Plus $100,000 in savings. Half of your joint property will go to lawyers. As you can see, going to trial over your divorce is by far the most expensive. This is just an example. Going to trial can be less or more expensive (yes, it can actually cost even more) – depending on the circumstances.
Myth number 2. You will lose all your assets. While it is true some people lose assets in bankruptcy, most debtors do not lose any assets and the ones that do usually know before they file that they will. In fact, in South Carolina, debtors are losing less assets than ever before due to recent increases in the state exemptions to include $106,000 protection for a married couple on their jointly owned marital home.
A flat fee paid in installments also encourages the lawyer to work as efficiently as possible to resolve your case. There is no temptation to drag the case out (as there is in hourly billing), and the attorney can move on to the next case (and payday) once your case is resolved.
There are various options for paying for your case, and your attorney will probably present you with one option only. However, don’t be afraid to ask if there are better alternatives available.
While mediation may be the best way to process your divorce, it’s only the second-best place to get divorce help and advice. After all, the first step in the divorce process is to LEARN about it. And that’s where the „experts“ come in.
You’ll notice that borrowing the money is not included in the list. Paying for your bankruptcy with your own credit card is the financial equivalent of wishing for more wishes. It’s not allowed. If you take on new debt right before you file for bankruptcy, the bankruptcy court may not allow your bankruptcy and it can cause compilations in your case. Be sure to tell your attorney if you have any credit card activity in the 90 days before you file for bankruptcy.
One of the biggest causes of divorce is financial stress within the marriage. Filing for bankruptcy eliminates debt and should be a stress reliever. Removing that stress from the equation should strengthen the relationship.