Building an idea into a real, profit-making company takes time, dedication, and teamwork. It takes owners who understand each other and who complement each other’s skills and talents. Some couples that have such a relationship choose to go into business together, but what happens if the marriage … [Read more...]
5 Tips for Dealing with the Aftermath of Bankruptcy
For many people, facing bankruptcy can seem overwhelming. Your finances are about to change in major ways, so it helps to be prepared and have a plan of action to get through the months and years following your bankruptcy. Some Steps to Deal with Bankruptcy Start fresh. If excessive debts … [Read more...]
Avoid These Common Bankruptcy Scams
If you’re facing bankruptcy, it’s important to be aware of bankruptcy-related scams and how to protect yourself. When a person is facing financial crisis, it’s common to seek any and every possible avenue for getting back on their feet. Unfortunately, there are unscrupulous individuals who … [Read more...]
Consequences of Hiding an Inheritance in Bankruptcy
Hiding inheritance in bankruptcy – or hiding any asset for that matter – is one of the bad decisions people may make when they are going through the bankruptcy process. Always follow Texas bankruptcy laws, and come to Plano bankruptcy attorneys with any questions that may arise to ensure … [Read more...]
Spendthrift Trusts: Protecting Inheritance During Bankruptcy
Spendthrift trusts may be helpful for individuals who file for bankruptcy in Texas but who later receive an inheritance shortly after filing for bankruptcy. In many cases, it is likely that assets from an inheritance received within 180 days of filing for bankruptcy will be used to pay off … [Read more...]
Do you have to pay taxes on alimony payments?
Wondering whether you have to pay taxes on alimony payments is not uncommon. Alimony, also known as spousal support, is paid from one spouse to another after a divorce. In Texas, alimony can be requested if: the marriage lasted longer than 10 years; the spouse requesting support is … [Read more...]
Proving Parental Alienation in Child Custody Cases
Many parents wrestle with how to prove parental alienation. Though they may recognize some of the telltale signs of alienation, proving that it’s actually happening to the courts is another story. In child custody cases, parental alienation can influence the final custodial verdict significantly. … [Read more...]
Child Custody Lawyers Share Examples of Parental Alienation
When getting divorced, learning to recognize examples of parental alienation is crucial. Parental alienation doesn’t just affect your personal relationship with your child, but it also can weigh heavily on the outcome of child custody battles you have with your former spouse. According to a 2010 … [Read more...]
Brunner Test Overview
The Brunner test is a way to determine if certain types of debt can be discharged based on hardship. Bankruptcy does not eliminate all types of debt such as student loans, so tests like these may be used to determine if the debt can be discharged. A Look at the Brunner Test To determine if you have … [Read more...]
Declaring Chapter 13 Bankruptcy: Pros & Cons
Before you decide to declare Chapter 13 bankruptcy, it’s important to consider the pros and cons. It is generally recommended for individuals who can afford daily living expenses but are struggling to make payments on debts. Pros to declaring Chapter 13 bankruptcy include: all property is … [Read more...]
