Secured and Unsecured Debts

Posted by on May 14, 2013 in Self Help | 1 comment

Being in debt is not something people want for themselves, but almost everyone has some form of debt they’re trying to catch up on. While in your eyes, all debts may be the same unhappy obligation, to the law, there are two different general types of debt: secured and unsecured.

Car bills, credit card payments, student loans, and mortgages are the most common debts held by Americans. These debts have various levels of security attached to them. Debts that are secure have some form of collateral that can be repossessed should you fail to make payments. Secure debts include debts such as car payments, mortgages, and any other debt that a creditor can put a lien on.

Unsecured debts are those that have no specific asset tied to them. These include credit card debt, and hospital bills.

The types of debt you have play a major role in how a bankruptcy proceeding will come along. Since unsecured debts do not have assets tied to them, you will not lose the item or benefit you gained from them in bankruptcy. Items tied to secured debts can be taken from you and sold off in bankruptcy, however. It’s best to always pay debts on time to avoid the stress and financial difficulties tied to having to file for bankruptcy.

Read More

Different Divorce Negotiation Processes

Posted by on Aug 14, 2012 in Divorce, Law, Self Help | 0 comments

Over half of all marriages in the United States currently end in divorce, so this is a common process that you might be going through alongside millions of other people. There is some comfort in knowing that many other people are going through the same process as you are, or at least a similar one, as no two divorces are exactly like one another. In fact, there are many different kinds of divorce negotiation processes that you might not have considered or even known about that might be best for your situation.

The most well-known types of divorces are contested and uncontested divorces. In a contested divorce, couples are unable to agree on the terms of their divorce and are, therefore, unable to settle their divorce negotiations very quickly or without intense debate. Uncontested divorces are often completed much more quickly, since the couples agree on all divorce terms, and nearly 90 of all divorces in the U.S. fall under this heading.

However, there are other types of divorces that people can choose as well. Whatever divorce negotiation process you choose for your own divorce, it’s important to have legal help and assistance throughout the entirety of the process. With a qualified San Jose divorce lawyer at your side, you can rest assured that your best interests will be a top priority throughout your divorce proceedings, contested or otherwise.

Types of Divorce Negotiations

There are several main types of divorce negotiations that people in the U.S. utilize. In addition to contested and uncontested divorces, there are:

  • Mediated divorces
  • Collaborative divorce
  • Military divorce
  • Same sex divorce

These different types of divorce may be less common than uncontested or contested divorces, but they can be very useful for certain separating couples.

If you or someone you love is considering divorce, contact an experienced lawyer today to discuss your options.

Read More