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What does it mean to receive a bankruptcy discharge?

Your financial struggles reached a point where you could no longer keep up with the payment of your debts. Creditors and debt collectors may be calling you daily demanding payment. Your stress levels are at an all-time high, and you need some relief.

You consider filing bankruptcy but aren't sure about it. Perhaps one of your biggest questions is what it means to receive a discharge. How does this help you? Will all of your debts go away?

How to ensure your divorce is uncontested

Going through a divorce is never easy, even if you knew it was coming, or you've prepared for it for years. Coming to the realization that your marriage is over can cause a lot of pain, stress, anguish and other emotions. One way to make the divorce process less stressful is to work towards an uncontested divorce with your spouse. Here are a few tips to make sure this happens when you file for divorce in Tennessee.

The best way to achieve an uncontested divorce is to have zero remaining disagreements with your spouse regarding issues from the marriage. The disagreements could involve child custody, child support, alimony and the division of property and other assets.

How you can make the phone calls from debt collectors stop

One of the many negative consequences associated with owing a significant amount of debt is experiencing a lot of contact from creditors. This may come in the form of phone calls, letters, bills and more. In some cases, contact from some creditors may go over the line, resulting in what is actually creditor harassment.

No matter how much debt you have, you do not have to endure creditor harassment. In fact, certain laws protect you against this type of treatment. If you have a lot of debt that you are unable to manage on your own, you are probably already facing a significant amount of financial stress. This only gets worse when you are constantly experiencing harassment from creditors. It's in your interests to learn about what qualifies as creditor harassment and how you can make it stop.

Common reasons spousal support payments can be changed

Spousal support, also referred to as alimony, is a set of payments made by a former spouse to their former spouse once a divorce has been finalized. These payments do not last a lifetime. They are only made to help the recipient pay for bills or go back to school while they get their life back in order. They are considered rehabilitative payments. The amount of these payments can be changed due to any of the reasons mentioned below.

If the person responsible for making the alimony payments has gone through any of the following changes in their life, the amount can be changed at the request of the court:

  • A new child has been born to the payer
  • The payer lost their job or was demoted
  • The payer suffered an injury or disability that prevents them from working

Explain your estate plan to adult children

Creating an estate plan is one of the most important parts of life. This plan protects not only you but your assets, your spouse, your beneficiaries and your property when you die or become incapacitated. Reviewing your estate plan every couple of years is a great way to make sure what is expressed in the plan is still your preference. If you have adult children, it is important to explain the wishes outlined in the plan as soon as possible.

It's a good idea to explain what is in your estate plan, so your adult children have an understanding of your wishes and what they can expect when you pass away. For example, inform each adult child how and what they will be inheriting money and assets, so they are not surprised upon your death.

How to make shared custody work for all involved

Have you come to an agreement on shared custody with the other parent of your children? If so, there needs to be a lot of "give and take" in this relationship in order to make shared custody work for all those who are involved. It might get off to a rocky start, but the harder you work in the best interest of your children, the more successful the situation will be for everyone.

You need to create an agreement that takes your child's needs, activities and age into account. Their lives are the focus of this agreement. If you cannot take them to sports games, pick them up from activities after school or get them to doctor's appointments because of work, you should not be agreeing to a schedule that makes you responsible for these things.

Debt settlement may not be the solution you hoped for

If you are struggling with overwhelming debt, your mind may be full of questions and worries about your future. Falling behind on your debt payments can be a scary thing, and you are probably dealing with warning letters in the mail and humiliating phone calls that demand payment.

During this stressful and confusing time, you may be looking for any port in a storm, and this is what makes many in Tennessee vulnerable to the lure of ads that promise to settle your debts quickly and inexpensively. If you are considering turning your debts over to a settlement company, you should take some time to investigate all your options and learn as much as you can about how the debt settlement industry works.

Co-parenting tips for Memorial Day weekend

Memorial Day weekend is right around the corner. Many families in Memphis, Tennessee, will either travel for the long weekend or host family and friends for a celebratory barbeque to tip off the unofficial start to summer. Today, we will provide some co-parenting tips for the Memorial Day holiday that you can also use when your children are on summer vacation.

Even though Memorial Day is not as big of a holiday for parents sharing custody as Christmas, Hanukkah, New Year's Day or Thanksgiving, it is still an important holiday for many families. Many families like to go away for this extended weekend. Others like to have parties at home. It can be difficult to plan when sharing custody.

You aren't always powerless when it comes to a wage garnishment

Few people here in Tennessee, or anywhere for that matter, would argue with the fact that having even more money taken out of your paycheck because you can't meet your financial obligations doesn't help the situation. When you received notice of the wage garnishment, you probably felt as though you could do nothing to stop it.

Now, you don't bring home as much as you used to, and it's even harder to pay your essential bills such as rent, utilities, groceries and gas. Is there anything you can do?

Estate planning is not just for young people

There is a misconception out there that estate planning is only for people of a certain age. For example, you went through life already, had kids, sent them to college, and now have grandchildren; yet you do not have an estate plan. Even though you made it this far without a plan, it's still not too late to create one. You have a lot of beneficiaries to protect late in life. Estate planning is not just for young people.

Just because you are no longer young and don't have any dependents living under your roof doesn't mean that you shouldn't plan your estate. Estate planning protects more than just the dependents who live in your home. It protects your spouse. It protects you should you become incapacitated. It protects your heirs upon your death.

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