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September 2017 Archives

Not all debts are forgiven with Chapter 7 bankruptcy

Many Florida residents may have struggled to make a comeback from the depression. NerdWallet.com notes that debt is a common problem, even for those who have been fortunate enough to maintain their careers. Since 2003, income growth has not kept up with the cost of living. For example, although the median household makes 28 percent more now, the cost of food has gone up 36 percent.

Trends for millennials when it comes to types of debt

What types of debt a person has can matter a great deal. For one, it can have major implications when a person has trouble keeping up with their debt. This is because different types of debt can raise different kinds of issues when it comes to pursuing debt relief options. For example, the exact nature of a given type of debt can have impacts on how it would be treated in bankruptcy and on what implications this would have for a person who is pursuing bankruptcy. Bankruptcy lawyers can advise individuals considering bankruptcy on what the types of debt they have mean for what kind relief they might be able to receive through the bankruptcy process.

Evolving child custody procedures

On top of the stress that divorce can create for both spouses involved, making arrangements for children is an entirely different matter. Sometimes, spouses may decide to live in different states, or make other major life changes that can significantly alter the lives of children. As with most states, Florida's courts see countless men and women who simply cannot agree on child custody arrangements.

Are you entitled to alimony?

Many of those in Hernando County who choose to divorce may carry some preconceived notions into their proceedings. One of those is often the assumption that whichever one of the couple was not the primary household wage earner will be entitled to alimony. If you hold such an assumption, you should know that such a benefit is not automatic. Even if you are awarded spousal support, it may only be granted as temporary assistance to help you transition into your new life. 

What if you die without a will?

Much of the reason why you and others in Hernando County are encouraged to see to your estate matters early on in life is to retain control over how your estate property is dispersed when you are gone. The probate court is there to help in the distribution of your estate, yet after working so hard throughout your life to accumalate assets, would you not want to have a say in who gets them? If you fail to create a will, you will not. In such a situation, the dispersal of your estate becomes subject to the state's rules regarding intestate succession. 

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Day Law Your Hometown Attorneys

4108 Deltona Boulevard
Spring Hill, FL 34606

Toll Free: 888-326-9553
Phone: 352-200-2382
Fax: 352-684-4529
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