Earlier this year, the three largest credit bureaus announced that they would change how they handle medical debt, beginning July 1 and next year. For the 52% of millennials and those in every generation touched by this $88 billion burden, this comes as welcome news....
Month: May 2021
How is property divided between spouses in a divorce?
During a divorce, a couple’s property will be placed in two different groups: non-marital property and marital property. Non-marital property is generally the property a spouse owned before the marriage, with a couple of exceptions. Marital property is most of the...
Should daters test their dates to avoid divorce later?
When daters get serious with their relationship goals, it may feel like a good idea to test potential spouses. However, more often than not, making up scenarios to test potential long-term partners backfires. This is because relationships are built on trust, and when...
Is filing for bankruptcy the right move for you?
A lot of Americans have been through some tough times in the last couple of years, including many people in Florida. Family finances have been taking a hit all around, and many people are looking for options to try to get back on solid ground. If seemingly...
Practicing good habits is key to building credit after bankruptcy
Filing for bankruptcy is not something that people in Florida want to do and it can be seen as a last resort. It can certainly rid people of their debt and help them achieve a fresh start, but people may have hesitations because of how it may affect their credit...
Selecting a business form when starting a business
There are several different business form options that those starting up a new business can choose from. For that reason, entrepreneurs starting up a business should be familiar with the different business forms so they can make the best possible decision for their...
Two common business structures for new enterprises
Sometimes a spark hits, and you have a great idea for a product or service you would like to sell. Going into business on your own can be intimidating. Educating yourself on the variety of business structures you can choose from is a good place to start. Sole...
What are the types of alimony available in Florida?
In many marriages, both spouses work outside of the home, but one spouse earns considerably less than the other. In other marriages, one spouse may stay at home to tend to the household or care for the children, while the other spouse works outside of the home. In...
What is revocation upon divorce and how does it affect you?
Going through a divorce requires you to think about a lot of issues you probably haven’t before, and didn’t necessarily want to. Child support, alimony and property division commonly come up during the process and you’ll likely become familiar with them. But there are...
How does Florida rank in bankruptcy cases?
In a somewhat surprising turn of events, bankruptcies are down, by and large. Most observers expected a bankruptcy tsunami, given the tumultuous economy of the past two years. However, an explosion of bankruptcy cases has simply not occurred, and a dramatic drop in...