Matrimonial debts are mostly divided into three categories: marital, separable, and independent debts. How the Court Handles Property and Debt Division Following your motion for fair sharing in court, a judge would split the properties between both parties in three measures. Classification and Identification The judge must first decide what constitutes marital property, by…
When a divorce is entered by a court, ground or reason for the divorce must be found. In most divorces, the ground of irreconcilable differences is the basis for divorce. In some cases, a party may request a divorce on the basis of some fault of the other spouse. When fault is alleged in…
Going through bankruptcy is, for many, the best route to take in order to claim back their life. Those who hold a significant amount of debt but have a limited amount of income would likely qualify for Chapter 7 bankruptcy. However, simply meeting the requirements does not mean being accepted as well. Here are…
What Happens If I Fall Behind on Bankruptcy Payments?  When a person falls behind on their bills, their first inclination is to stop making them. However, if they have no other choice, or if the consequences of not making payments to creditors become too severe, it is often necessary to look into filing for…
Life is not always fair. You work hard and play by the rules. But events may have taken a turn for the worst, and you now find yourself out of a job and without the means to pay your bills. At some point, it is better to seek the protection of the law than…
Divorce is a trying, potentially contentious time. Before this legal process of marital separation can be complete, the splitting factions must resolve several personal, financial, and legal issues.  One such concern is asset distribution. Occasionally, however, dishonest individuals might try to hide money or property. A Greensboro family law attorney advises would-be clients that…