When struggling with debts, many people turn to borrowing money from friends or family. But what happens to those borrowed amounts if you end up filing for bankruptcy protection? Should you formalize your family loans? To help you and your family or friends decide on the best course, here are some answers to your questions.
How Are Personal Loans Treated?
In a bankruptcy, all creditors are treated as official lenders on equal footing with their peers.…
A criminal defense law attorney sometimes calls a case a “wobbler.” There are three levels of criminal offenses: infractions, misdemeanors, and felonies. A wobbler is a case that could land on one side or the other of these boundaries, usually the divide between a felony and a misdemeanor. Defendants with potential wobblers should understand these four factors that make such cases challenging.
Implications
Foremost, the implications of a conviction tend to be more dramatic if a conviction lands on the high side of the wobble.…
Many marriages are successful, and the couples live together through their old age. Unfortunately, some partners experience irreconcilable differences in their relationships, which force them to separate. When this happens, couples might disagree on how to divide their property. This leads to lengthy court battles as each partner tries to keep a bigger percentage of the assets or a more favorable property. You can avoid such issues by preparing a pre-marital agreement before tying the knot.…
