Individuals who are considering divorce often feel uncertain about the future. After all, the end of a marriage often results in changes in parenting time, financial issues or even a move to a new home or city. Prepare for the next steps by understanding the laws governing divorce in Delaware. You can file here if […]
Wilmington Delaware Legal Blog
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Should You File for Bankruptcy?
What to know about bankruptcy options chapters, so you can choose what’s best for you. Chapter 7 Bankruptcy… Chapter 11 Bankruptcy… Chapter 13 Bankruptcy … Which to choose? The decision depends on a number of factors, and, that said, this overview will give you an idea of which chapter is best before you consult with […]
Probate Glossary: A Key to Legal Terms that Define the Process
So, you’ve been named executor of your loved one’s will, and you’ve no idea what that job involves. In fact, you’re not even sure what probate means. You will probably want to consult with an attorney. But before you do, take a look at this overview of the procedures involved in settling an estate as […]
Does my life stop if I file for Bankruptcy?
Short answer, No. Simply because you have decided to file, or are considering filing a Chapter 7 or Chapter 13 Bankruptcy, does not necessarily mean you have to stop living your life. In fact, it’s just the opposite. The purpose behind bankruptcy is to give you a fresh economic start allowing you to start living […]
Debt Settlement vs. Bankruptcy
Debt settlement companies attempt to significantly reduce borrower’s debts by negotiating directly with creditors to create a repayment plan on behalf of a debtor. As part of the plan, a borrower agrees to pay creditors a new rate of interest over an extended period of time. The debt settlement plan restructures rather than eliminates the […]
What You Really Need to Know about Bankruptcy
Carried away by the holiday spirit and now find yourself crash landing on a pile of debt? Do you see yourself chipping away at that debt for years without standing on solid financial ground? Well then, it’s time to talk about options, including bankruptcy. First off, know this: bankruptcy should not carry any stigma or […]
Can The Bank Take My Money If I File For Bankruptcy?
Banks generally cannot take your money just because you have filed a Chapter 7 or Chapter 13 Bankruptcy. When your petition is filed an automatic stay goes into effect an all activity to collect on any debts you have must stop. This includes phone calls, letters, foreclosures and most asset seizures and garnishments. Also included […]
Chapter 13 Bankruptcy and Tax Returns
When you file for Chapter 13 Bankruptcy in Delaware, in addition to the required paperwork and petition with the court, there are also necessary documents which must be provided to the Chapter 13 trustee. Various jurisdictions, districts, and trustees, can have different policies regarding the documents which must be provided, but every debtor, regardless of […]
Surviving Your Spouse: Understand Your Finances and Financial Rights in Widowhood
Losing a spouse shatters your world; it doesn’t have to ruin your sense of financial security as well. Basic estate planning can alleviate some of the burden and stress inherent in settling up affairs after the devastating loss of a spouse. You likely won’t want to think about money or have the wherewithal to make […]
What Is Probate? – Legal Validation of a Will in the Court System
Probate is the legal process of defining a person’s assets, debts, heirs and beneficiaries through the court system after the person has passed away. I know what you’re thinking: “Doesn’t a Last Will and Testament take care of that?” In a word, “no.” But in some cases and for certain assets, you can avoid probate. […]