Some of the most common reasons for turning to bankruptcy include divorce, medical bills and unemployment. Despite many people talking about bankruptcy as if it's a negative, it can be highly beneficial to those in need. There are two kinds you can try, including Chapter 7 or Chapter 13. With Chapter 13, you pay back what you owe over time. With Chapter 7, you have your assets liquidated and are left with no unsecured debt at the end of the process.
When you're driving, you may notice people who make errors. For example, you might see a driver quickly swerve back into position after beginning to cross the centerline, or you might see a driver rush through a yellow light as it turns red just to avoid having to stop.
Your debts have grown over the years. They started small enough to pay off each month but got out of hand. Now, you can barely make ends meet despite having a great-paying job.
When there are children involved in divorce, it is critical to try to provide them with as much stability as possible. In the eyes of the court, it must be clear that both parents want to invest in the well-being of the kids. Otherwise, certain determinations may occur to ensure it.