Tips to Protect Your 401(k) During a Divorce
Divorce means suffering both emotionally and financially. Besides heartbreak, your money gets divided too. Funds contributed to the 401 (K) account tend to get divided between the couple after a divorce.
For example, if you have contributed around $100,000 to the retirement plan, your spouse will own 50% of it after divorce. The amount that your ex gets varies from state to...
How does Filling a Bankruptcy Affect Your Credit?
Declaring bankruptcy reflects adversely on your capacity to manage debt and is likely to damage how potential lenders see you as a borrower in the future. If you’re thinking of declaring bankruptcy, here’s what you should know before you do so. It’s good to hire a good bankruptcy lawyer.
What Happens When You File For Bankruptcy?
Bankruptcy is a legal action...
Small Claims Court-History, A Brief.
The movement to create small claims courts began in the early 1960s when the justice of the peace was deemed increasingly obsolete, and officials found it desirable to have such a court to ensure justice. Small claims courts allow aggrieved parties to represent themselves without an attorney. Small claims court, also known as people’s court, is a special court in...
Who Own the House after a Divorce?
Are you getting a divorce and try to figure out an answer to the question – who owns the house after divorce?
Your house may be the biggest asset you have that will get split with your divorce. So, how to decide who keeps the house after divorce? There are various factors that play a role in the ownership of a home after separation.
Let’s take a closer look at the...
What Is The Best Way To Negotiate With A Debt Collector?
Are you falling behind on debt? If yes, then it is possible that you get a number of calls from debt collectors. This is very stressful, and as you worry about how to answer the debt collector. But it is not a reason to get panic but to come up with a plan of action.
Dealing with a debt collector can be an unpleasant experience. Especially when you are trying to strike a...
What Is Joint Custody?
When couples with children divorce, they encounter the new legal term “joint custody.” But what exactly is joint custody?
It is a type of custody where both parents share equal responsibilities for the child’s life. Unlike sole custody, both parents are actively involved in the overall upbringing of a child or children in joint custody.
Types of Joint...