Student debt is one of the most trending discussions blanketing social media, blogs, forums, and day-to-day conversation. Whether the institute you earned a degree through was a non-profit or for-profit entity, you are saddled with debt you cannot afford.
It starts innocently enough. Just about every college will say a degree increases your ability to land a job, and they tote statistics claiming degree holders make a higher salary on average.
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In the year 2015 alone an estimated 819,240 people filed for bankruptcy in the United States. If you are feeling overwhelmed by your financial obligations, bankruptcy may be a good way to help you find some relief from your debts. Before you make the decision to file, it's essential that you take the time to consider how your bankruptcy case could affect your child.
Here are two ways a bankruptcy filing could affect your child in the future.
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In a community property state, the general rule is to divide the community property and debt in a 50/50 ratio. However, the law recognizes that there may be exceptional cases where such an even division would not do justice to one of the parties to the divorce. In such cases, the court may come up with an alternative formula for dividing the community assets and debts. Here are three examples of such exceptions:
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When you undergo a surgery, you do it so you can come out feeling better and healthier. In some cases, there is a very serious medical issue that must be addressed. Unfortunately, sometimes, you may come out even worse than you were before you had the surgery. Mistakes can occur in the operating room, and these mistakes may lead you to bring a medical malpractice lawsuit against the responsible parties in order to get compensation for your injuries.
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In life, things are constantly in motion – constantly changing. Child custody agreements are no exception to this rule. You and your ex-partner may have established an acceptable agreement shortly after your divorce; however, as your child has aged and other circumstances have changed, the current agreement is no longer acceptable or convenient for the child, you or everyone involved. Changing the order becomes appropriate in this scenario.
When Everyone Is in Agreement
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