Money is often a serious issue when it comes to divorce, and not just as far as splitting up the finances and property goes. What a lot of people do not realize - or are simply unprepared to handle when the time comes - is that when you get a divorce, your entire financial life changes.
If you remember nothing else from this post, remember this one rule, lenders don't give a damn about what your judgment for dissolution says.
In HSBC Bank Nevada, N.A. v. Aguilar, the Appellate Division of the Los Angeles County Superior Court held that a bank was not required to present any proof in order to obtain a default judgment against a holder of a credit card.
The National Association of Consumer Bankruptcy Attorneys (NACBA) prepared a report regarding the dischargeability of student loans in the bankruptcy court. I have summarized the report below, but click here to review the entire report .
Credit card delinquencies have reached a six-year low, according to the latest Credit Card Index from Fitch Ratings according to Consumer Bankruptcy News. The report also shows credit card charge-offs ticking up for the first time in the past several months.