Far too many people live their lives paycheck to paycheck. They make just enough each pay to cover what is needed with very little wiggle room and no means to save money. This can often make things difficult when an emergency or unexpected expenditure occurs. This can cause bills to get behind and can create late fees and other charges that only increase this debt. Before long, their credit is ruined and they are under a mountain of debt. Fortunately, chapter 7 bankruptcy can help.
Effects of poor credit and debt
Many people have debt for credit cards, vehicle purchases and other financing needs. Once difficulties arise, these debts can become impossible to manage. Incidents, such as a job loss or illness, can create a snowball effect of debt that can become uncontrollable. This can also have serious effects on a person’s credit. Many people understand that poor credit can …
Planning for the time after a person has passed away may seem a bit morbid, but if an individual leaves behind children or a spouse, especially those being directly supported by the individual, it’s important to take these matters under careful consideration. These sorts of plans are something that an individual, couple or family should discuss with an attorney. So Regardless of whether you’re looking for estate planning, living wills, guardianship etc, you should speak with an attorney.
Addressing Guardianship Issues
Making financial provisions for the people that are left behind is important. However, there are other issues outside of finances that require being addressed. For example, who looks after the children is something that needs to be specifically stated in a will.
If a person is a single parent or in the event that both parents pass away at the same time, if there are children left …