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How Bankruptcy Can Impact Your Estate Plan

Every year, hundreds of thousands of people across the US file for bankruptcy. In 2019, 772,646 Americans filed for bankruptcy. While most people who file for bankruptcy understand it can significantly impact their lives, many don't expect it to affect their estate plans. If you're considering filing for bankruptcy, knowing how it will influence your estate plan can allow you to preserve your ...

Common Challenges in High-Asset Divorces

When one or both parties in a divorce are high net worth individuals, the divorce qualifies as a "high-asset" divorce. High-asset divorces come with their own unique challenges, and taking proactive measures to prepare for a high-asset divorce might help you secure a more favorable judgment from the court. 3 Common Challenges Faced in a High-Asset Divorce If you are currently embroiled in a ...

The Difference Between Assets & Liabilities in a Divorce

While you may or may not be familiar with the dividing up of assets in a divorce, many people do not remember that liabilities are divided up as well. In the broadest sense, this means that not only the property you acquired during a marriage is up for litigation, but the debts as well. To learn more about the difference between assets and liabilities in a divorce, and how these two financial ...

Are U.S. Companies Taking Advantage of Bankruptcy Law?

Recently, a lot of high-profile U.S. organizations and companies seem to be surviving imminent financial ruin by filing for bankruptcy. In February, the Boy Scouts of America filed for Chapter 11 after being hit with hundreds of sexual abuse lawsuits. And last fall, Purdue Pharma filed for bankruptcy after being ordered to pay a $12 billion settlement for their role in the opioid epidemic. Other ...