A growing legal trend is the use of social media restrictions in prenuptial agreements. As the use of social media continues to grow, individuals are concerned with protecting their future online image, including restricting what pictures and information their spouse is able to post online. Bitter divorces can bring out the worst in people and the temptation to lash out online is overwhelming. Social prenups can help prevent this and other lapses in judgment from embarrassing you both on and … [Read more...]
General Motors receives small victory in recall case
June 10, 2014 by
Some are calling it a small victory as the more than 80 lawsuits against GM are being combined for the pretrial phase in a venue that GM wanted - - Manhattan. GM has requested that all of the cases be dismissed as a violation of its bankruptcy restructuring plan. Although the bankruptcy judge that is scheduled to hear the dismissal request will not be presiding over the combined pretrial phase of the cases, a District Court judge in the same district is overseeing those proceedings and that is … [Read more...]
Health insurance premiums in Illinois were rising before Obamacare
June 6, 2014 by
A new report released by the nonpartisan Commonwealth Fund shows that the premiums for health insurance policies in Illinois were rising at a rate of 10% or more each year for the three years prior to Obamacare. The premiums for 2015 will not be released for several months; however, it will be more difficult to judge increases in health insurance premiums for 2015, as the market is much different now from before Obamacare. For the full story read, “Illinois health insurance prices rising … [Read more...]
Millionaires make money mistakes too
June 5, 2014 by
Even though they have a lot more money than most of us, millionaires make money mistakes too - - and surprisingly, they are often the same money mistakes we make. So how can we learn from the money mistakes millionaires make? We can look at the same money mistakes that millionaires make and learn from their mistakes. Such as, not diversifying a portfolio – millionaires make that mistake too even though they know that spreading money around is the best what to reduce the risk of … [Read more...]
Religion and bankruptcy – – the two bump heads
June 3, 2014 by
Attorneys are asking that the 7th U.S. Court of Appeals reinstate a lawsuit filed by clergy sexual abuse victims so they could seek damages from a $55 million cemetery trust fund that is part of the Archdiocese of Milwaukee’s bankruptcy case. The bitter debate, in part, relates to allegations that New York Cardinal Timothy Dolan created the trust in order to conceal or protect money from being paid to victims of clergy sexual abuse. The case could answer this question as well as have an impact … [Read more...]
Bankruptcy filing fees increase
June 2, 2014 by
The Judicial Conference of the United States approved an amendment to the Miscellaneous Fee Schedule for bankruptcies. This fee schedule went into effect on June 1, 2014. Several filing fees increased including the filing fee for Chapter 7 and Chapter 13 cases. The fee for a Chapter 7 bankruptcy case was increased from $306 to $335 and a Chapter 13 case will now require a filing fee of $310 as opposed to the old fee of $281. For more see, “Bankruptcy Court Fee Schedule.” Image credit: … [Read more...]
Coldwater Creek shoppers flock to store before it closes
May 31, 2014 by
If you are a fan of the Coldwater Creek clothing line, you probably have already hit your local store to stock up on your favorite items before the doors close for good. Creditors may have been stumped as to why sales at the bankrupt store surged after it filed for bankruptcy; however, anyone who loves the clothing line knows why - - shoppers fear losing a great supplier of clothing targeted to professional women. For many customers, this is a last chance to get items they love before the … [Read more...]
Why are you waiting too long to buy a home?
May 29, 2014 by
Buying a home is a very serious decision and many of us take months if not years to plan and save to buy our first home. However, if you wait too long you may pay more for your home. Once you decide to buy a home, the process of searching for the perfect home could take many months - - this simply adds more time that you are waiting to buy a home. Mortgage experts believe that it is the best time to buy a home. For five reasons why you should buy a home right now read, “Waiting to buy a … [Read more...]
Should you file bankruptcy – – what is the best solution to your debt problems?
May 28, 2014 by
Because each person’s financial situation is different, the answer to this question will vary for each person. Your bankruptcy attorney will ask you several questions that will help determine if filing a bankruptcy is the best solution to your debt problem. Your bankruptcy attorney will also advise you which chapter of bankruptcy you are qualified to file and the benefits associated with filing a Chapter 7 bankruptcy verses a Chapter 13 bankruptcy. Having an experienced bankruptcy attorney … [Read more...]
Do you drive your realtor nuts?
May 27, 2014 by
We have all heard of “bridezillas,” right. However, what happens when a homebuyer becomes a “monster” - - they drive their real estate nuts. Realtors understand that the process of buying a home can be frustrating and overwhelming. Realtors are very good at keeping homebuyers calm and focused; however, there are things that their clients do that drive them nuts such as requesting repeated showings for an entire group of people but never making an offer. On the other hand, some clients make … [Read more...]
