In Italy, a new bridegroom brought his mother on his honeymoon. No one seemed to be surprised when the newly married bride filed for divorce after just a brief 3 weeks of marriage…

If you don’t take this kind of financial inventory before you file for divorce, your spouse might make it difficult for you to get that information. If he tries to play hide-the-ball, your divorce will likely be more time-consuming and more expensive.

2) You need to make a decision on how you want to file bankruptcy. Your options are to do it yourself using free online forms, hiring a bankruptcy petition preparation service, or hiring a bankruptcy attorney. We listed these options by cost from cheapest to highest. All over the web you will be urged to hire a bankruptcy attorney which is a really good idea if you have lots of assets you are wanting to keep. If you have little assets and lots of debt you should consider the other two options. You and only you know what’s best for your situation.

An attorney will also carry out the functions of finding out whether there are nay covenants or easements that have been registered against the property you are buying. The preparation of all the legal documents is done by the real estate attorney. He will also give clarifications in the mortgage terms, will handle all dealings with the bank, will arrange for the insurance title and review the papers for your safety and precaution. If you are on the selling end of the transaction, you might need a real estate attorney on your side as well. The attorney will review all purchase agreements and legal documents for you. If there are any issues, say with the title, the attorney will correct and clarify them immediately.

Have you filed a bankruptcy within the last 8 years? According to bankruptcy laws, there are certain people that are ineligible to file bankruptcy. Some of these include those who have filed bankruptcy within the last 8 years. If you have filed for Bankruptcy in the last 8 years, check with an power of attorney attorneys near me to determine if you may file again. You may not be able, but because every situation is unique, it is worthwhile to check first before assuming that you can’t.

You should never assume that all debts are covered under a Chapter 7 bankruptcy. Some secured debts might have to be reaffirmed. This means that you may need to create a new agreement in planning to repay them and some debts are not dischargeable at all. For instance, child support debts, court fines and alimony obligations cannot be discharged in Chapter 7 cases.

Do you have health insurance? Do you have vehicle insurance? Do you have life insurance? Do you have legal insurance? The answer to the last question is probably no even though all the other ones you probably have. The fact is legal insurance is probably the cheapest form of insurance you could ever buy but it will give you the biggest empowerment you will ever find. Having access to attorneys day and night puts you in the driving seat in many situations and will allow you to know your rights in any given situation. The statistics say that 75% of the population has a legal issue at any one time where they could use the advice of legal counsel. We just don’t think so because we don’t have access to the legal profession.

Before declaring bankruptcy, see if there’s anything less drastic you can do to repair your credit. Ask a bankruptcy lawyer if a debt repayment plan or rate reduction would be of benefit. You can apply for a modification of your mortgage if your home is going into foreclosure. A good lender will be able to assist you in a variety of ways, from getting rid of your late charges to reducing interest rates. You may even be able to get a loan extension, giving you the extra time you need to pay your debt off. Most creditors will be willing to work out an option to avoid not getting paid at all.

People file for bankruptcy for different reasons. A sudden illness in the family, unemployment, or one’s personal illness could make repaying debt very difficult. The truth is that many people file for bankruptcy for viable reasons.