November 2017 Archives

The benefits of filing for Chapter 7 bankruptcy

Pennsylvania readers know the decision to file for personal bankruptcy is not an easy one to make. It may feel like a defeat for you, but in reality, it could be the right choice for you to forge a path to a stronger financial future. If you are overrun by debt, dealing with financial challenges and have no hope of ever catching up on your own, you may benefit from Chapter 7 bankruptcy.

Mistakes during divorce mediation or trial can be costly

Going through the process of ending a marriage in Pennsylvania can understandably be confusing and overwhelming. Unfortunately, a single mistake during a divorce proceeding -- whether during divorce mediation or trial -- may lead to a less-than-desirable outcome for one financially. A few tips may help with making decisions that will have positive financial consequences long term.

Divorce mediation can be helpful in child custody case

Child custody cases can be drawn-out processes in Pennsylvania. This is particularly the case when a case involving child custody is part of a divorce case. Fortunately, if both parents can find common ground in most areas involving child custody, they may benefit from going through divorce mediation rather than going to court.

Property division can be tricky for doctors

Doctors and other high-earning professional workers in Pennsylvania may understandably be concerned about what will happen to their practices -- perhaps their most valuable assets -- during the process of getting divorced. For many of them, they have put large amounts of money, time and energy into their businesses. A few tips may help them to approach property division wisely during their divorce proceedings.

Property division begins with valuation

Business owners in Pennsylvania may consider their business ventures to be their largest assets. Thus, battling over businesses during property division is not uncommon. A couple of tips may help with navigating this aspect of a divorce proceeding.

What questions should you ask when considering guardians?

The idea of having to leave your child in the care of another person may not sit well with you as a parent. However, you likely know that you cannot be around all the time, and there may even come a time when you cannot care for your child at all. Though everyone hopes that this type of situation will not come about, having a plan in place could act as a safeguard for the possibility.

Property division can be tackled through collaborative divorce

The divorce process can take a major emotional and financial toll on the whole family. However, the collaborative divorce process can be helpful for addressing divorce issues with as little conflict as possible. These divorce issues in Pennsylvania range from property division to spousal support.

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Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC

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