Going through a divorce is a tricky and confusing process, under the best of circumstances. However, if you live in a community property state, it can make this already difficult time even more stressful. Only a handful of states possess community property laws, which determine how any assets and debts are split between the two spouses after the divorce. If you are going through a divorce and don't understand community property laws, here are a few frequently asked questions you might have:
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According to Statistics Brain, as a whole, employers across the United States lose around $50,000,000,000 in revenue each year because of employee theft. If you are a small business owner and suspect your employee is stealing from you, chances are your first instinct will be to fire the individual and move on. However, depending on the state in which you live, firing an employee for stealing might actually get you into hot water, instead.
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When you decide to negotiate an accident settlement instead of continuing a lawsuit all the way into court, it's often because you want to get paid faster, and agreeing to settle is usually faster than going to court and waiting for a judgment. However, "fast" is a relative term—the speed at which the law moves may not be the same as your idea of what is fast. Once you and the other party have agreed to a settlement, there are still a few things that have to happen before you get a check.
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Knowing how to manage debt is an important part of financial recovery. The Chapter 13 bankruptcy process offers debtors a way to repay part or even all of their debts over a short period of time using their regular income. If you've recently received or are expecting to receive an inheritance, you'll want to know how the Chapter 13 bankruptcy process will affect the status of your sudden windfall.
You May Get to Keep Your Inheritance, In Some Cases
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If you suffered a particularly traumatic event as part of your personal injury, you may be able to request damages for emotional distress. To qualify, however, you must first prove that the emotional distress you experienced was traumatic enough to merit compensation. Proving emotional distress in a personal injury case can be difficult, which is why it's important to keep the following in mind as you and your attorney develop your claim.
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