Topics: Your Money & The Law - 67 results


Posted 2 years ago in Creditor/Debtor Divorce by Lawyers.com   
You May be Responsible for Your Ex’s Credit Card Debt

A divorce decree addresses, among other things, division of both the assets and debts accrued during the course of a marriage. This includes credit card debt. Credit card companies, however, are not bound by divorce decrees. Unless you are careful right from the moment you decide to separate, you can end up being liable for credit card debt incurred by your ex. Experts recommend that divorcing couples exit the marriage with no joint debt.   Joint Credit Card Accounts Although …

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Posted 2 years ago in Bankruptcy by Ed Alpern  
VIDEO: There’s Nothing Shameful About Filing for Bankruptcy

  Roughly 1.4 million people file for bankruptcy per year — primarily because of a job loss or a catastrophic illness, according to Lawyers.com reporter Ed Alpern. Attorney Michael Siegel of Siegel & Siegel in Manhattan says there is nothing immoral about filing for bankruptcy. It’s a federal law and is provided for in the U.S. Constitution. “A person should get a full understanding of their assets, their debt, their income and their expenses — and then they’ll be in …

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Posted 2 years ago in Taxation by Michele Bowman  
Court Says Lap Dancing Isn’t an Art Form

New York’s highest court ruled on Oct. 22 that strip club patrons must pay sales tax on admission fees because the clubs’ featured entertainment does not qualify for the state’s tax exemption afforded to “dramatic or musical arts performances.” But it was a divided court, with the dissenting judges debating the artistic merit of pole and lap dances and arguing there were constitutional problems with the decision.   State Tries to Promote Art New York imposes a sales tax on admission …

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Posted 2 years ago in Bankruptcy by Jennifer King  
Read the Latest Issue of ‘Your Money & The Law’ Newsletter

Discover Defrauds Customers, Must Pay $200 Million You may get calls from credit card companies asking whether you’d like to hear about additional products they offer. If you said yes to a call from Discover between December 2007 and August 2011, you may be in for a little extra cash. Discover has settled deceptive marketing charges brought by the FDIC. The bank was accused of tricking customers into paying for extra credit protection programs. Find Out More…   Avoid Defaulting …

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Posted 2 years ago in Bankruptcy by Lawyers.com   
Medical Bills a Leading Cause of Bankruptcy

Medical debt is one of the main factors leading to bankruptcy. In fact, it’s a contributing cause in 62 percent of personal bankruptcy filings, according to a 2009 study that appeared in the American Journal of Medicine. Medical debt differs from other forms of consumer debt, since it usually results from something completely unpredictable – an illness or injury. In addition, illness or injury often prevents a person from working and earning income to pay off the bills. Many American …

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