For many debtors, handling an outstanding money judgment can be frustrating and even immobilizing. A Proven Resource managing attorney discusses 6 things to consider when trying to resolve an outstanding judgment.
A prenuptial agreement, or "prenup," is a written contract entered into before marriage that establishes how assets will be divided if the marriage ends in divorce or death. It should include details on dividing property and debts, spousal support, and inheritance. Signing a prenup is recommended if one partner has substantial assets or both wish to protect assets like a business, inheritance, or children from a previous marriage. Both partners must voluntarily sign the prenup in front of witnesses for it to be considered valid.
Pension refers to periodic payments made to individuals after retirement. There are several types of pensions described in the document, including final salary pensions where payments are based on final salary, defined benefit pensions where payments are predetermined by a formula, and invalid pensions for those permanently incapacitated. A pensioner is a person receiving a personal pension. Family includes spouse, children, and other dependents for purposes of receiving a pension after death. Several terms are also defined related to pensions, pension claims, and condoning interruptions in service that would affect pension eligibility and amounts.
A will provides several advantages:
1. It allows you to choose who receives your property and how much, including leaving gifts to employees, charities, or other organizations.
2. You can name an experienced executor, either an individual or corporate entity, to administer your estate according to your wishes.
3. Creating trusts in your will allows you to provide for minor children or other beneficiaries and avoid expensive guardianship proceedings. Trusts also enable you to conserve or accumulate income for beneficiaries.
"He's never going to leave me..." and other myths - RKWN event - Wednesday 3 ...Russell_Kennedy
This document discusses myths about marriage and divorce rates, and the benefits of financial agreements. It notes that the divorce rate has been increasing and is higher for second marriages. Many marriages do not last long, with the median duration being 12 years. There are many reasons why marriages break down. Separation can have significant financial consequences as assets are often required to be divided. Financial agreements allow couples to avoid costly court battles and determine how assets will be divided upon separation outside of the family court system. They provide certainty and can help protect inheritances and gifts.
This document discusses the financial aspects of relationship breakdown and divorce. It explains that during a divorce, the court will consider all assets of both parties and try to redistribute them fairly based on factors like needs, length of the marriage, and contributions made. The court has powers to make orders around property, payments, and pensions that can significantly impact one's wealth. Whether the family home needs to be sold, how pensions will be treated, and how inheritances are considered are complex issues that require legal advice. Blaser Mills' family law team can provide guidance on rights and obligations during this process.
Your Final Divorce May Turn Out to be at the Starting LineKingston Law Group
If parties are flexible, reasonable, and empathetic towards each other, these could just be bumps in the road. If bitterness and anger remain in the relationship, the parties could throw procedural and legal brick walls in front of each other in perpetuity.
Risk Related to Will and Estate PlanningRobson Hayes
Are you delaying in updating your will or estate planning? If you are doing so, you are putting your will and estate planning at risk until it's too late. Wills and estate planning for your estate should be done early. Source: http://www.robsonhayes.com.au/the-risks-of-putting-off-your-will-and-estate-planning-until-its-too-late
Litigation Update: Energy and Mineral Law Foundation Midstream Assets ConferenceKegler Brown Hill + Ritter
Margeaux Kimbrough presented " Litigation Update" at the Energy and Mineral Law Foundation Midstream Assets Conference on April 21, 2015. She discussed recent cases in the Utica and Marcellus region that are having an impact on the midstream industry, including matters involving appropriation, eminent domain, siting, and environmental concerns.
A prenuptial agreement, or "prenup," is a written contract entered into before marriage that establishes how assets will be divided if the marriage ends in divorce or death. It should include details on dividing property and debts, spousal support, and inheritance. Signing a prenup is recommended if one partner has substantial assets or both wish to protect assets like a business, inheritance, or children from a previous marriage. Both partners must voluntarily sign the prenup in front of witnesses for it to be considered valid.
Pension refers to periodic payments made to individuals after retirement. There are several types of pensions described in the document, including final salary pensions where payments are based on final salary, defined benefit pensions where payments are predetermined by a formula, and invalid pensions for those permanently incapacitated. A pensioner is a person receiving a personal pension. Family includes spouse, children, and other dependents for purposes of receiving a pension after death. Several terms are also defined related to pensions, pension claims, and condoning interruptions in service that would affect pension eligibility and amounts.
A will provides several advantages:
1. It allows you to choose who receives your property and how much, including leaving gifts to employees, charities, or other organizations.
2. You can name an experienced executor, either an individual or corporate entity, to administer your estate according to your wishes.
3. Creating trusts in your will allows you to provide for minor children or other beneficiaries and avoid expensive guardianship proceedings. Trusts also enable you to conserve or accumulate income for beneficiaries.
"He's never going to leave me..." and other myths - RKWN event - Wednesday 3 ...Russell_Kennedy
This document discusses myths about marriage and divorce rates, and the benefits of financial agreements. It notes that the divorce rate has been increasing and is higher for second marriages. Many marriages do not last long, with the median duration being 12 years. There are many reasons why marriages break down. Separation can have significant financial consequences as assets are often required to be divided. Financial agreements allow couples to avoid costly court battles and determine how assets will be divided upon separation outside of the family court system. They provide certainty and can help protect inheritances and gifts.
This document discusses the financial aspects of relationship breakdown and divorce. It explains that during a divorce, the court will consider all assets of both parties and try to redistribute them fairly based on factors like needs, length of the marriage, and contributions made. The court has powers to make orders around property, payments, and pensions that can significantly impact one's wealth. Whether the family home needs to be sold, how pensions will be treated, and how inheritances are considered are complex issues that require legal advice. Blaser Mills' family law team can provide guidance on rights and obligations during this process.
Your Final Divorce May Turn Out to be at the Starting LineKingston Law Group
If parties are flexible, reasonable, and empathetic towards each other, these could just be bumps in the road. If bitterness and anger remain in the relationship, the parties could throw procedural and legal brick walls in front of each other in perpetuity.
Risk Related to Will and Estate PlanningRobson Hayes
Are you delaying in updating your will or estate planning? If you are doing so, you are putting your will and estate planning at risk until it's too late. Wills and estate planning for your estate should be done early. Source: http://www.robsonhayes.com.au/the-risks-of-putting-off-your-will-and-estate-planning-until-its-too-late
Litigation Update: Energy and Mineral Law Foundation Midstream Assets ConferenceKegler Brown Hill + Ritter
Margeaux Kimbrough presented " Litigation Update" at the Energy and Mineral Law Foundation Midstream Assets Conference on April 21, 2015. She discussed recent cases in the Utica and Marcellus region that are having an impact on the midstream industry, including matters involving appropriation, eminent domain, siting, and environmental concerns.
The document provides an overview of education loans, including their purpose, tax benefits, and tips for planning an education loan. It begins by stating that the purpose of education loans is to provide financial assistance to deserving students to pursue higher education. It describes that interest paid on education loans is tax deductible under Section 80E of the Indian Income Tax Act without any limit. Some tips for planning an education loan include assessing one's career interests and skills, researching occupations and educational programs, and planning for education costs. The document aims to help students and parents understand education loans and make informed decisions about financing higher education.
Credit & Debt Issues for Military Familiesmilfamln
For the webinar, Credit & Debt Issues for Military Families, hosted by the Personal Finance Concentration Area of the Military Families Learning Network on September 20, 2016
CAN I FILE BANKRUPTCY AGAIN EVEN IF I HAVE FILED BEFOREtonyturnerlaw
Got injured and looking for a personal injury lawyer in Orange Park, Florida? Let Law Office of Tony Turner help you return to the life. We are committed to helping you get the compensation you deserve with our wealth of knowledge and experience. For further details, visit tonyturnerlaw.com/
Having lots of cash or income does not make your credit score irrelevant to lenders. While extra assets reduce credit risk, lenders still primarily consider your credit history when deciding whether to approve a loan, especially a mortgage. No debt or perfect payment history does not alone equal great credit, as credit scores measure responsible debt management over time. Checking your own credit report in advance of a mortgage application provides an incomplete picture, as lenders pull their own version from different sources, so working with a mortgage professional early allows time to address any issues. While derogatory items stay on your credit report for 7 years, your credit score can recover more quickly depending on circumstances, and some loans may allow purchasing a new home sooner than the standard
Before filing bankruptcy you have to double-check whether you need this or not! This presentation includes a few mistakes you have to consider before going for a bankruptcy proposal!
Retirees: Important Questions About Finances309finance
Baby Boomers are retiring and approaching retirement age at a very fast rate and with a very high volume. Many of the baby boomers as well as anyone reaching retirement might have questions about financial security or personal finances. This slide presentation is just a quick guide to popular retirees questions that you might encounter as well as questions regarding retirement and finances.
Note: we are not making any recommendations or advice via the slides. Our goal is to provide information to help you research and understand the challenges being faced by retirees.
Presented by: www.309finances.com
Springhill group home loans know why you’re declinemessiricks
Been wondering why you are still disapproved and your application is declined even though you have received pre-approval and found a property to purchase? There
could be reasons why you are declined for formal approval.
Family Legal Guide Chapter 8 Bankruptcylegalcounsel
This document discusses consumer bankruptcy and provides information to help individuals determine if bankruptcy is the best option for dealing with financial distress. It defines bankruptcy, explains the different chapters (7 and 13), and discusses the process and consequences of filing. While bankruptcy eliminates most unsecured debts, it has long-lasting negative consequences like affecting one's credit for up to 10 years. The document provides alternatives to bankruptcy like debt management plans and explains how to find legal assistance if pursuing bankruptcy.
This document discusses foreclosure, including what it involves, common scams to avoid, predatory lending practices, and possible solutions to stop foreclosure such as loan modifications, short sales, and deeds in lieu of foreclosure. It also outlines different types of foreclosures including judicial and non-judicial, and explains that it is possible to stall or stop foreclosure by bringing loan payments current, renegotiating terms, or declaring bankruptcy. Finally, it promotes the law firm of Allmand & Lee for their experience and focus in handling consumer bankruptcy cases to help families avoid financial disaster and resolve their issues.
If you're considering going through a chapter 7 or chapter 13 bankruptcy, you'll want to be aware of how the legal fees work.
This slideshow will give you much of the information you need regarding legal fees and what you should expect. Of course your bankruptcy lawyer will lay all this information out for you clearly, it's good to know what you're going to go through before hand.
"Understanding Statute of Limitations in Debt Collection" is an informative document explaining the legal concept and implications of Statute of Limitations in debt collection. It covers topics such as debt collection timelines, consumer rights, debt collection strategies, legal consequences, credit reporting, exceptions, and practical tips for consumers. This resource provides valuable insights for both debtors and creditors navigating the complex landscape of debt collection laws.
This document provides information about obtaining a mortgage as a contractor. It discusses the types of mortgages available, including repayment and interest-only options. It also covers how much borrowers can typically get, the deposit needed, and fees involved in the mortgage process. Additionally, it addresses some of the hurdles contractors may face and how a specialist broker can help overcome them by presenting documentation correctly to secure appropriate financing.
The document discusses how bankruptcy may be used to stop or delay a foreclosure in Ohio. Filing bankruptcy automatically halts foreclosure for 30 days through an automatic stay issued by the court. A Chapter 7 bankruptcy allows exempting a primary residence up to $132,900 in value from liquidation to pay debts. A Chapter 13 bankruptcy allows developing a repayment plan over 3-5 years to save a home from foreclosure while resolving the underlying debt. Bankruptcy may also discharge second mortgages or deficiency judgments after foreclosure in some situations. Consulting a bankruptcy attorney immediately if facing foreclosure is recommended to evaluate options.
Here is a great document about stopping the foreclosure process in Michigan. You can also find more information at www.stopmichiganforeclosure.com it is a website with a lot of valuable information about avoiding foreclosure on your home in Michigan.
Bankruptcy law firm in maryland – helping you file for bankruptcytansygeoffery
Your finances can take a hit due to circumstances beyond your control. No matter how careful you have been with your money, there might be circumstances or situations where it becomes necessary to file for bankruptcy. You might take this step to prevent your possessions been taken over by creditors or simply put a stop to communications from accredited.
Seo bad things you dont want to see in your credit reportvishenda
The document discusses 6 bad things that could appear on a credit report: 1) charge-offs of unpaid debts, 2) debts passed to collection agencies, 3) bankruptcy, 4) foreclosure, 5) tax liens, and 6) lawsuits or court judgments. These derogatory items can negatively impact applications for credit and remain on the report for 7-15 years. The document advises regularly checking credit reports for accuracy and disputing outdated or incorrect information.
This document provides an overview of reverse mortgages. It explains that a reverse mortgage allows homeowners aged 62 or older to borrow against their home equity and receive payments instead of making payments. The document outlines eligibility requirements, how much can be borrowed, payment options, interest rates, and the loan repayment process. It also summarizes the steps involved in obtaining a reverse mortgage, including education, counseling, application, processing, underwriting, and closing. Common questions about reverse mortgages are addressed.
The document provides an overview of education loans, including their purpose, tax benefits, and tips for planning an education loan. It begins by stating that the purpose of education loans is to provide financial assistance to deserving students to pursue higher education. It describes that interest paid on education loans is tax deductible under Section 80E of the Indian Income Tax Act without any limit. Some tips for planning an education loan include assessing one's career interests and skills, researching occupations and educational programs, and planning for education costs. The document aims to help students and parents understand education loans and make informed decisions about financing higher education.
Credit & Debt Issues for Military Familiesmilfamln
For the webinar, Credit & Debt Issues for Military Families, hosted by the Personal Finance Concentration Area of the Military Families Learning Network on September 20, 2016
CAN I FILE BANKRUPTCY AGAIN EVEN IF I HAVE FILED BEFOREtonyturnerlaw
Got injured and looking for a personal injury lawyer in Orange Park, Florida? Let Law Office of Tony Turner help you return to the life. We are committed to helping you get the compensation you deserve with our wealth of knowledge and experience. For further details, visit tonyturnerlaw.com/
Having lots of cash or income does not make your credit score irrelevant to lenders. While extra assets reduce credit risk, lenders still primarily consider your credit history when deciding whether to approve a loan, especially a mortgage. No debt or perfect payment history does not alone equal great credit, as credit scores measure responsible debt management over time. Checking your own credit report in advance of a mortgage application provides an incomplete picture, as lenders pull their own version from different sources, so working with a mortgage professional early allows time to address any issues. While derogatory items stay on your credit report for 7 years, your credit score can recover more quickly depending on circumstances, and some loans may allow purchasing a new home sooner than the standard
Before filing bankruptcy you have to double-check whether you need this or not! This presentation includes a few mistakes you have to consider before going for a bankruptcy proposal!
Retirees: Important Questions About Finances309finance
Baby Boomers are retiring and approaching retirement age at a very fast rate and with a very high volume. Many of the baby boomers as well as anyone reaching retirement might have questions about financial security or personal finances. This slide presentation is just a quick guide to popular retirees questions that you might encounter as well as questions regarding retirement and finances.
Note: we are not making any recommendations or advice via the slides. Our goal is to provide information to help you research and understand the challenges being faced by retirees.
Presented by: www.309finances.com
Springhill group home loans know why you’re declinemessiricks
Been wondering why you are still disapproved and your application is declined even though you have received pre-approval and found a property to purchase? There
could be reasons why you are declined for formal approval.
Family Legal Guide Chapter 8 Bankruptcylegalcounsel
This document discusses consumer bankruptcy and provides information to help individuals determine if bankruptcy is the best option for dealing with financial distress. It defines bankruptcy, explains the different chapters (7 and 13), and discusses the process and consequences of filing. While bankruptcy eliminates most unsecured debts, it has long-lasting negative consequences like affecting one's credit for up to 10 years. The document provides alternatives to bankruptcy like debt management plans and explains how to find legal assistance if pursuing bankruptcy.
This document discusses foreclosure, including what it involves, common scams to avoid, predatory lending practices, and possible solutions to stop foreclosure such as loan modifications, short sales, and deeds in lieu of foreclosure. It also outlines different types of foreclosures including judicial and non-judicial, and explains that it is possible to stall or stop foreclosure by bringing loan payments current, renegotiating terms, or declaring bankruptcy. Finally, it promotes the law firm of Allmand & Lee for their experience and focus in handling consumer bankruptcy cases to help families avoid financial disaster and resolve their issues.
If you're considering going through a chapter 7 or chapter 13 bankruptcy, you'll want to be aware of how the legal fees work.
This slideshow will give you much of the information you need regarding legal fees and what you should expect. Of course your bankruptcy lawyer will lay all this information out for you clearly, it's good to know what you're going to go through before hand.
"Understanding Statute of Limitations in Debt Collection" is an informative document explaining the legal concept and implications of Statute of Limitations in debt collection. It covers topics such as debt collection timelines, consumer rights, debt collection strategies, legal consequences, credit reporting, exceptions, and practical tips for consumers. This resource provides valuable insights for both debtors and creditors navigating the complex landscape of debt collection laws.
This document provides information about obtaining a mortgage as a contractor. It discusses the types of mortgages available, including repayment and interest-only options. It also covers how much borrowers can typically get, the deposit needed, and fees involved in the mortgage process. Additionally, it addresses some of the hurdles contractors may face and how a specialist broker can help overcome them by presenting documentation correctly to secure appropriate financing.
The document discusses how bankruptcy may be used to stop or delay a foreclosure in Ohio. Filing bankruptcy automatically halts foreclosure for 30 days through an automatic stay issued by the court. A Chapter 7 bankruptcy allows exempting a primary residence up to $132,900 in value from liquidation to pay debts. A Chapter 13 bankruptcy allows developing a repayment plan over 3-5 years to save a home from foreclosure while resolving the underlying debt. Bankruptcy may also discharge second mortgages or deficiency judgments after foreclosure in some situations. Consulting a bankruptcy attorney immediately if facing foreclosure is recommended to evaluate options.
Here is a great document about stopping the foreclosure process in Michigan. You can also find more information at www.stopmichiganforeclosure.com it is a website with a lot of valuable information about avoiding foreclosure on your home in Michigan.
Bankruptcy law firm in maryland – helping you file for bankruptcytansygeoffery
Your finances can take a hit due to circumstances beyond your control. No matter how careful you have been with your money, there might be circumstances or situations where it becomes necessary to file for bankruptcy. You might take this step to prevent your possessions been taken over by creditors or simply put a stop to communications from accredited.
Seo bad things you dont want to see in your credit reportvishenda
The document discusses 6 bad things that could appear on a credit report: 1) charge-offs of unpaid debts, 2) debts passed to collection agencies, 3) bankruptcy, 4) foreclosure, 5) tax liens, and 6) lawsuits or court judgments. These derogatory items can negatively impact applications for credit and remain on the report for 7-15 years. The document advises regularly checking credit reports for accuracy and disputing outdated or incorrect information.
This document provides an overview of reverse mortgages. It explains that a reverse mortgage allows homeowners aged 62 or older to borrow against their home equity and receive payments instead of making payments. The document outlines eligibility requirements, how much can be borrowed, payment options, interest rates, and the loan repayment process. It also summarizes the steps involved in obtaining a reverse mortgage, including education, counseling, application, processing, underwriting, and closing. Common questions about reverse mortgages are addressed.
Similar to Default Judgments: 6 Things Debtors Can Do (20)
Capital Punishment by Saif Javed (LLM)ppt.pptxOmGod1
This PowerPoint presentation, titled "Capital Punishment in India: Constitutionality and Rarest of Rare Principle," is a comprehensive exploration of the death penalty within the Indian criminal justice system. Authored by Saif Javed, an LL.M student specializing in Criminal Law and Criminology at Kazi Nazrul University, the presentation delves into the constitutional aspects and ethical debates surrounding capital punishment. It examines key legal provisions, significant case laws, and the specific categories of offenders excluded from the death penalty. The presentation also discusses recent recommendations by the Law Commission of India regarding the gradual abolishment of capital punishment, except for terrorism-related offenses. This detailed analysis aims to foster informed discussions on the future of the death penalty in India.
The presentation deals with the concept of Right to Default Bail laid down under Section 167 of the Code of Criminal Procedure 1973 and Section 187 of Bharatiya Nagarik Suraksha Sanhita 2023.
3. A default judgment is awarded when a
defendant to a civil suit fails to answer
a legal complaint in a timely fashion. In
such cases, the court is unable to
make a ruling based upon the law or
the facts of a case.
WHAT IS A DEFAULT
JUDGMENT?
4. HERE ARE 6 THINGS A
CONSUMER OR BUSINESS
OWNER SHOULD
CONSIDER IN THE EVENT A
DEFAULT JUDGMENT IS
FILED AGAINST THEM
13. BECAUSE
The right to collect the money
on a judgment has an
expiration date that depends
upon the type of case that
was initially brought, or where
the judgment was obtained.
14. BECAUSE
A judgment debtor may not
hear from a judgment
creditor for years, the
creditor still has rights to
collect on their outstanding
judgment balance with
interest.
15. Try to cut a deal with a
judgment creditor when
a debtor's finances are
still at their worst.
17. BECAUSE
Making payment arrangements means that there is a
written agreement on how monthly or partial payments
will be applied to the judgment balance before the first
payment on a plan is made.
21. Disclaimer: You should not rely or act upon the contents of this article without seeking advice from your own attorney.
www.ProvenResource.com
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Phone: (888) 789-1715