Daily Archives: September 17, 2012 - 3 results

The mantra is repeated over and over: You can’t discharge student loans through bankruptcy. However, while it’s reality for most indebted people, the conventional wisdom isn’t quite true. In a seldom-invoked provision, people in extreme circumstances can jettison their student loans if they can prove to a judge they face “undue financial hardship.” In order to qualify, a debtor must pass what is known as the Brunner test, stemming from a 1987 federal appeals court decision, which carries three conditions: …

The number of couples seeking postnuptial agreements during their marriage has increased over the past three years, according to a survey by the American Academy of Matrimonial Lawyers.  The poll found that 51 percent of divorce attorneys questioned had noticed more couples signing the agreements, which function as contracts clarifying which spouse owns which assets or property. Postnuptial agreements are similar to prenuptial agreements in that they determine who gets what after a divorce, among other provisions. A previous AAML survey …

A jury ordered “Girls Gone Wild” founder to pay a casino mogul a total of $40 million for slandering him. The dispute began when Joe Francis, purveyor of the porn videos “Girls Gone Wild,” told people that casino owner Steve Wynn threatened in an email to kill him. According to Francis, Wynn said in an email, “‘I’m going to hit to him in the back of the head with a shovel and have him buried in the middle of the …