Bankruptcy has helped and continues to help Harrisburg area residents get out of debt. Whether you are considering it to help you overcome some major and unexpected medical expenses or to regain a solid financial footing after losing a job, it is not the only thing you must do to benefit from it.
During a divorce, the merged lives of two parties must become separate again. As such, there are several different elements to the divorce process.
When you are in the middle of a financial crisis in the Harrisburg area, finding your way out might seem impossible. Creditors are calling your phone nonstop and mailing demand letters to your home. However, you do have options, and one of them may be bankruptcy.
One of the objectives in reviewing your estate plan is to make sure the beneficiary designations for all your assets are current and correct.
If you have fallen on hard times in Harrisburg and are no longer capable of paying your credit card debts and other financial obligations, there is a good chance you are looking for a way out of your situation. You have tried every possible solution you could think of, including payday loans, cash advances, debt consolidation and borrowing from loved ones. These actions have only increased the amount of financial distress you are in.
The individual you choose to manage your final affairs might be your spouse, another relative or even a close friend. Give it some thought. You should prepare a list of requirements for the person you eventually name in your will.
Some life-altering events can trigger bankruptcy, and a divorce is one of those events. Depending upon certain factors pertaining to the divorce process, the effects of bankruptcy may vary.
If you have fallen so far behind in your mortgage and car note payments in Harrisburg that you resort to using payday and cash advance loans, know that you are not alone. Many people just like you use them to help keep them afloat while they are in between paychecks. On the surface, payday loans may seem like an appropriate solution for you to use to catch up on your bills and financial obligations. But they often come with high-interest fees, which could end up putting your further in debt. Some people end up having to file for bankruptcy to help them with this type of debt.
It is not uncommon for some people to get married a second, third or even fourth time in Harrisburg. But when it comes to estate planning and second marriages, it can add another layer of complexity to an already confusing situation. You want to provide for your family members, but there are many financial and estate planning issues you should consider first.
A large part of the divorce process is separating assets between the two parties. It may be helpful to become familiar with the property division process.