There are a lot of factors that can contribute to the decision to end a marriage. The most commonly reported reasons for failed marriages are financial struggles, poor communication, infidelity, and domestic abuse.
However, when a couple decides to end their marriage, there are options. Whether it be for religious, moral, or legal reasons, divorce is not a suitable option for all couples. Depending on circumstance, a legal separation or an annulment may be a better option.
When it comes to prenuptial agreements, most have the misconception that they’re only for people of wealth. This is incorrect and though they are often used for those marrying into wealth, or vice versa. That doesn’t mean prenups have no benefits for those of more modest financial situations.
Each state has valuable water resources. Inside the Department of Natural Resources, lies the Division of Water Rights. They delegate and distribute natural water resources to the state’s population as requested. In Utah, you must own a water right to use and...
uring the COVID-19 crisis, the unemployment rate has skyrocketed to almost a new record high at over 14%. With the closing of non-essential businesses, companies are having no choice but to lay off their workers. Leading to personal financial crises within families all across the nation. Knowing if or when it’s time to file for bankruptcy is important in this time of crisis. Ruesch and Reeve Law are here to break down the facts and support you during this overwhelming financial loss.
During these uncertain times, it’s natural to worry about making your regular mortgage payments – especially if you have already fallen behind on your account, or if your family has suffered COVID-19 related job losses. The unemployment rate in Utah is currently at 3.6%, and 4.4% in the nation.
Chapter 7 is the most common type of bankruptcy for personal debtors. It is also referred to as straight or liquidation bankruptcy. Chapter 7 is most suitable, and most frequently used, by individuals, but can also be an option for businesses as a last resort to have their slate wiped clean. Chapter 7 bankruptcy is most often used by people who are far behind on their bills with unsecured debts to reset their finances.
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide paid sick leave or expanded family and medical leave for reasons related to COVID-19. These provisions are in effect until December 31, 2020, and include the following:
Chapter 7 bankruptcy could also be known as liquidation, or straight bankruptcy. It requires the court to appoint a trustee. Who then takes your assets, sells them, and distributes the money to creditors who have filed the proper claims. They cannot receive payment without correct claims filed. Being the most common type of bankruptcy filed in the U.S., chapter 7 is still complex.
An asset is anything already of value, or a resource of value that can be turned into cash at any time. Assets may be owned by individuals, companies, or the government. It may contain economic value, or future benefit. Future cash benefit assets may be something such as a company, or a patent. So how do you determine the different categories of assets?