Charlotte Attorney's Informative Blog

DIVORCE, YOUR CREDIT, AND FINANCES

BY Maxwell Law Firm
The effect of Divorce on your finances and credit can be devastating.Even the most amicable divorce can leave you in financial ruin.

MARITAL DEBT

Marital debt is debt you acquire sometimes jointly, during the marriage. Even if your spouse accumulated some debt without your knowledge during the marriage, you may be held responsible for it after the divorce. More often than not the mortgage is a joint debt, so deeding it your spouse incident to the divorce will not sever your responsibility to the lender. Countless divorcees have found their credit ruined because their ex let their house go into foreclosure. Explaining to creditors that you are now divorced won’t make you any less responsible for a mortgage with your on it. The only way to have your name removed from a mortgage after a divorce is to refinance. Keep in mind, the spouse retaining of possession of the home may not be in a position to qualify to refinance the home. If the refinance does not happen, then both spouses will remain liable on the underlying mortgage loan.

Budgeting
If you are in the process of separating from your spouse and or a divorce, one thing you must do is budget. Depending on who will have custody of the children, things like child support and medical insurance have to be factored into your new budget.
Depending on financial stability of your spouse, spousal support or alimony also should be factored into your budget.
Generally your expenses increase in a Divorce, even if you are the spouse receiving the support. This is because you no longer sharing expenses and sometimes debts and or assets.

CREDIT & DIVORCE
Most financial experts will say that Once it is clear to you that divorce is imminent, you should cancel joint accounts and open new individual accounts. Start canceling all existing credit cards and get new ones in your name to ward off credit problems. However, thinking with my divorce attorney cap on I would say that may not be the smartest thing. In North Carolina an equal division of marital assets and debts called equitable distribution is a common thing. In accordance with Divorce Law, this requires you to make this division either before marriage (pre-marital agreement), or after separation (separation agreement), or in a court of law before a judge an Equitable Distribution Hearing. Most people will fall on the later categories and canceling accounts and liquidating other accounts could be seen as more of a negative thing than positive in Divorce Court. Consulting with an Attorney before you make any moves would be smartest thing to do.

WHY YOU SHOULD CONSULT WITH A DIVORCE LAWYER
A Divorce Attorney can sit down with you and let you know what types of things you need to be aware of and what kind of expenses you should expect incident to your divorce. A Divorce Attorney can also set you up with a plan of action for your divorce and the process. Depending on your financial situation, Bankruptcy maybe an option for both you and your spouse before or after you separate.

If you are looking for a  Divorce Attorney and or a Bankruptcy Attorney in
Charlotte or Concord North Carolina Area Please Call Maxwell Law Firm, PLLC
at 704-461-1883 or contact us here

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REASON # 5 Recent Loss of Employment

BY Maxwell Law Firm

Bankruptcy and job loss are never planned or expected. But in today’s economy a lot of people are having to file in order to save their assets and make sure they can at least take care of their basic needs.

Unemployment Insurance is helpful, it will not be enough to pay all of your expenses. Once you have drained your retirement and savings accounts, you will find it harder than ever to stay current on your bills.

You might already realize that losing your job right now may not be the best thing for your income and for your budget. You can prepare right now to handle bankruptcy and job loss. Bankruptcy is a protection provided to you by law so that you can have certain debts forgiven (discharged) so you have have a fresh start. Bankruptcy and job loss are becoming more frequent, so you don’t need to feel ashamed. Bankruptcy has the same impact on your credit as a foreclosure, but unlike foreclosure it can wipe away most debt and delinquencies on your credit profile. You will most likely be better off after you file for Bankruptcy (Credit score) and financially than before.

If you are looking for a  Foreclosure Defense Firm and or a Bankruptcy Attorney in
Charlotte or Concord North Carolina Area Please Call Maxwell Law Firm, PLLC
at 704-461-1883 or contact us here

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BY BANKRUPTCY

1. ELIMINATE LEGAL OBLIGATIONS—you can get out of contracts (cellphone, gym ect), return property, reduce your financial responsibility on certain debts.
2. STOP FORECLOSURE –once you file something called the automatic stay is triggered and that stops all creditors from collecting on debts owed or contacting you.
3. PREVENT REPOSSESSIONS—again the automatic stay stops creditors from acting including regaining possession and control over the property. During this period you can catch your payments up so that you can keep the property. Remember in a chapter 7, one of two things happen you can affirm property if you are current on it or you can surrender it if you do not intend to keep it and avoid repossession (an additional negative item). If you are not current the creditor, after the automatic stay, can then seek to recover the property as their only form of relief.
4. Eliminate High Medical Bills—medical bills are unsecure debts which can be completely discharged in bankruptcy.
5. Loss of Employment or Income –loss of income can affect your ability to pay your debts and stay current so this factor that is taken into account when determining your ability to file for chapter 7.
6. Stop Wage Garnishments—the automatic stay applies here to stop even IRS from garnishing your wages once you have filed and they have received notice.
7. Stop Collection Calls—the automatic stay applies to creditor calls, letters, or any action and is valid for up to thirty (30) days after filing.
8. Prevent Utilities from being turned off—same as number 7.
9. Relief from high student loan payments—although student loans can not be discharged unless you are severely mentally incapable of being able to work and pay them back (i.e. Jamie Foxx in the soloist) you can get the payments reduced once you file for bankruptcy.
10. Prevent creditor fraud—often times creditors tack on these usury or extremely high  
11.  ELIMINATE OR REDUCE TAX DEBT —tax debt that due more than three years ago where a return was return was filed within the last two years or more can be discharged.
12. REBUILDING CREDIT—you can eliminate several negative items with one bankruptcy, which will stay on your credit for 8-10 years but will enable you to rebuild your credit immediately.

Maxwell Law Firm, PLLC assists clients with Chapter 7 Bankruptcies in the Charlotte/Concord Metro Areas call 704-461-1883 for further information.

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Published on 22 April 2011 by Stan Shyshkin in Security News

Whatever ever happened to the good ol’ days where getting pulled over just meant you would get a speeding ticket, or if you’re lucky, just a warning? Well, if it’s up to the Michigan State Police, those days are not only long gone, but a speeding ticket is now reason enough to harvest all the information possible on you, including all of your e-mail, social networking, texting, personal photos, and virtually anything else you might have on your cell phone, or in many cases, your smartphone.

And no, we don’t mean that the police officers take your phone for a few minutes during the traffic stop to see if you were texting or surfing Facebook while driving. Instead, the officers use a device such as the CelleBrite UFED, which makes an exact copy of all of your phone’s data, and we do mean all data, including the deleted parts that even you don’t have access to anymore.

So how is this justifiable, or even legal? The American Civil Liberties Union (ACLU) is arguing that it isn’t, as would most people when it comes to handing over all of your digital data for a police officer to copy and go through on their own time.

And when asked to provide the type of information being stored and for what purpose, the police department replied that it would gladly hand over the information—for half a million dollars.

Outrageous? Yes. Legal? Well, the battle of whether cell phones are protected by the Fourth Amendment still rages on; but it appears that unless you are arrested, handing over your phone for a search is the same as agreeing to a search of a locked dashboard or trunk. You have the right refuse the search, but police officers usually trick you into consenting by wording the question in a way such as  ”Do you mind if we take a quick look at your phone?”

So the next time you get pulled over, make sure to pay careful attention to what the officers ask for, and keep your phone out of sight.

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by speeding tickets

Are you scared that your insurance will increase?

Do you fear the number of points on your license affecting your record ?

Did you know that even if you have 0 zero points that one speeding ticket could suspend your license?

Are you trying to get your license back? Have numbers speeding tickets and it does seem like you will ever be able to lawfully drive again?

Where you charged with a moving violation?

Do you want to avoid  taking a driver’s course  to reduce the points on your license?

Our firm deals with these issues and many more

Call is today at 704-461-1883 to get further information on our rates. 

You can view our current special here http://maxwelllegal.com/TRAFFIC%20TICKET%20SPECIAL.jpg

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BY By Sharon Rolenc, Minnesota News Connection

As lawmakers in Minnesota and other states grapple with budget deficits, one public-health and medical researcher is cautioning against cuts to medical coverage as a budget-balancing tool because the consequences may be even more costly.
David Himmelstein, a professor of public health at City University in New York and an associate professor of medicine at Harvard Medical School, has researched medical-related bankruptcies for the past decade. He says those bankruptcies went up substantially between 2002 and 2007, even before the Great Recession hit – and that the vast majority involved people who had some level of insurance.
"Most people who are driven into bankruptcy by illness and medical bills actually have coverage, but it’s such inadequate coverage that it doesn’t keep them from financial ruin. They’re facing huge premiums and copayments and deductibles – and things that aren’t covered by their insurance."
Common targets for budget cuts include public-sector benefits and health and human services. Minnesota lawmakers recently proposed a bill to move public-sector employees to a high-deductible health plan and make them responsible for 100 percent of the plan’s premium. For workers with families who have just one medical condition, the estimated out-of-pocket expenses would top $20,000 – and Himmelstein says that’s an unreasonable proposition.
"Saying you’re going to shift a large bill onto public employees is tantamount to saying that you’re going to bring financial ruin to a substantial number of those people."
Don’t expect national health-care reform to entirely pick up the slack, Himmelstein warns. In a report released earlier this month, he and his fellow researchers looked at Massachusetts in 2009, three years after it had passed a state health-reform law that served as a model for the national law.
"What Massachusetts did was to give people really inadequate coverage. It traded uninsurance for underinsurance. That really didn’t work. When people were seriously ill, they ended up with such huge medical bills that they really didn’t have coverage that could keep them out of the bankruptcy court."
The report suggests that substantial improvement in coverage and better disability insurance would better protect families. It points to Canada’s model, where national health insurance provides universal, first-dollar coverage.

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 (Las Vegas, NV)  –  Dr. Conrad Murray’s go-to pharmacy for propofol supply is going out of business.
   Murray, who is accused of overmedicating pop superstar Michael Jackson with the sedative, was a frequent buyer at Las Vegas-based Applied Pharmacy Services.
   Now, TMZ.com says the State of Nevada is shutting it down.
   According to court documents obtained by the celebrity website, Applied Pharmacy will file for bankruptcy in 90 days.
   The pharmacy is on record for shipping multiple  packages of the powerful anesthetic to Murray in the months leading up to Jackson’s 2009 death.
   Murray has admitted to administering propofol to help the sleep-deprived singer as he prepared for a series of comeback concerts in London, but denies being reckless with the drug as prosecutors have charged.
   Jury selection is under way in Los Angeles as Murray prepares to defend himself against an involuntary manslaughter charge.
   Prospective jurors are being asked to answer a 27-page questionnaire related to the case.
   Opening statements are scheduled for May 9th.

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Did you receive a speeding ticket? Citation? Infraction? Are you being charged unfairly? missed a court date? Do not plead guilty!

We can make sure no points are assessed to your driving record, which will save you money with your insurance company!

Also, we can attend court on your behalf. With criminal charges, we make sure the District Attorneys have to work hard to prove the case against you.

Sometimes the charges are dismissed and other times we can have the charges reduced Contact Maxwell Law Firm, PLLC
Contact us at 704-780-1100
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By Danny Rubenstein · Published on February 17, 2011 7:40 AM · Features

After spending nearly half of their 2010 net revenue developing an esteemed new supercomputer, IBM is creeping closer and closer to bankruptcy in the new year. This computer, named Watson, has been hailed as “the greatest computing advancement since porn on your iPhone,” by senior IBM research director Bill Fini. “I mean … even though it is really great and all, the damn thing is costing us a fuck-load of money.”
These trying times have caused IBM to take fairly drastic measures in order to keep the company afloat. In a last-ditch effort, IBM forced Watson to compete as a contestant on the television game show, “Jeopardy!,” which the company cleverly disguised as a publicity stunt and an-hour-and-a-half long IBM advertisement.
This desperate attempt was brought to light by this leaked audio recording of a heated conversation between IBM CEO Kevin Steeley and Watson only weeks before the computer was set to compete:

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$450 special on simple, uncontested divorces for two weeks only for Mecklenburg and CABARRUS counties. From March 14th – March 18th, we will do your simple divorce matter.

Your divorce is uncontested if it includes: No property, no alimony, no debts, no minor children, no QDRO! This fee DOES NOT  include court costs, filing fees or service fees associated with your case.

YOUR CONSULTATION FEE IS INCLUDED IN THIS SPECIAL SPECIAL. deposit required at the time of the consultation.

Special will end at 5:00 on Friday, March 18th.

Call us at (704) 461-1883 and mention this and schedule your consultation.

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