Stewart, McArdle, Sorice, Whalen, When you find yourself overwhelmed by personal debt and dealing with creditors or debt collectors, bankruptcy could be the appropriate choice for you. This step could allow you to achieve a better financial future and allow you to escape the pressure of insurmountable debt. Depending on the types of debt you owe and the circumstances of your individual situation, Chapter 13 bankruptcy could be the right choice for you.
Should you move forward with a Chapter 13 bankruptcy filing?
Gathering data ahead of time may help with property division
Ending a marriage in Pennsylvania can understandably be challenging for both emotional and financial reasons. Not knowing where to start and what steps to take long term only add to the stress of going through a divorce. However, a few tips may help with navigating the financial aspect of divorce, especially when it comes to property division.
Property division involving expensive artwork can spark conflict
Dissolving a marriage in Pennsylvania can be tough financially and emotionally. But the financial aspect can be even more complicated for a couple with high-value assets in the form of artwork. From a legal standpoint, however, property division involving expensive art is not much different from dividing a more modest couple's pots and pans.
Inheritance money can complicate property division
A marital breakup can cause both emotional and financial disarray. One of the most common sources of conflict during a divorce proceeding in Pennsylvania is property division. This is particularly true if one of the spouses has inheritance funds.
Couples divorce, tackle property division at different times
In some marriages in Pennsylvania, couples have irreconcilable differences that eventually drive them to get divorced. Just as every marital situation is different, the times that couples choose to get divorced also differ. In fact, the season of the year may have an impact on a couple's choice to move forward with divorce and tackle potentially contentious issues such as property division.
Medical debt is hiding on many people's credit cards
No Pennsylvania resident plans to take on more debt than he or she can handle, but plenty of people still find themselves in this predicament. Many start out with only small amounts of credit card debt that quickly snowballs into something much larger and unmanageable.
