When it comes to bankruptcy, the word "chapter" refers to the location of that type of bankruptcy in the bankruptcy code. Chapters 7 and 13 are the most common consumer bankruptcy choices, but many more exist. For an overview of some bankruptcy code chapters, read on.
Chapter 7
Whenever bankruptcy comes up in relation to a consumer, chapter 7 is probably what is being referred to. The reason for its popularity is clear – it can make virtually all of a consumer's debt disappear, depending on the financial circumstances.
As new technologies become more widely adopted, they also become a part of divorce proceedings. One example of this is the growing adoption of cryptocurrencies. If you and your partner are undergoing a divorce and they fail to disclose that they have cryptocurrency investments, you may need to bring this up with your divorce attorney. Your ex might be guilty of violating a fiduciary duty.
How Cryptocurrencies Work
A cryptocurrency is an encrypted currency that can be transferred between peers.
Divorce is a difficult situation for all parties involved, and sometimes people don't react in the best way when informed their spouses want to separate. In fact, it's not unusual for one spouse to attempt to manipulate the other using monetary means. Here are two money problems your ex-spouse may create for you while you're divorcing.
Ex-Spouse Stops Contributing to the Household
When one spouse moves out of the marital home, they may stop contributing to the household bills.
When you are involved in a divorce and when you are fighting for custody of your children, one of the most distressing things you can experience is a false allegation. Your partner might accuse you of mistreating or even being abusive to your child. Or your partner might lie about your financial means and your responsibility.
Reasons for False Allegations
A common situation is when you provide evidence that your ex-spouse was engaging in abuse and your spouse then tries to accuse you of abuse as a way to level the playing field.
After you encounter a car accident, you might want to know if you can sue the other driver. In many cases, you can sue another person after an accident, but suing someone is not always possible or necessary. Before you rush into a law office to speak to an attorney about your case, you might benefit by knowing a few vital details.
Does the Situation Have the Right Elements?
The first thing to know about car accident lawsuits is that you cannot sue unless the case has the right elements.
