Because your debt situation has become so overwhelming, you may have found yourself considering bankruptcy. Even thinking about this option may have you feeling uneasy, but that feeling may come from misconceptions you could believe about this debt relief method. Chapter 7 bankruptcy can actually prove quite beneficial for individuals who qualify for and complete the process.
The main purpose of a Chapter 7 bankruptcy is to allow an individual debtor a "fresh start." This means that most debts will be discharged upon completion of the bankruptcy, with no remaining liability to the debtor. However, there are exceptions to this rule. Most taxes and student loan debts are non-dischargeable in any bankruptcy. There are a few instances in which these could be discharged, but it does not happen often, and requires special consideration before a bankruptcy judge. In addition, criminal fines and child support are also both non-dischargeable debts, without exception.
The main purpose of a Chapter 13 bankruptcy is to consolidate debt and stop foreclosure or repossession. Even though a Chapter 13 plan extends payments over a longer period of time, a creditor cannot legally pursue collections on any account that is included in an active bankruptcy. These plans are intended to include past due payment amounts along with ongoing payments, thereby allowing a debtor additional time to bring an account back to current status.
Knowing what custody arrangements may be available can be important to parents facing child custody concerns. Parents may wonder what different types of child custody there are. There are two general types of child custody that parents must resolve when reaching a child custody agreement. The two categories are physical custody and legal custody and who will have physical custody of the child and who will have legal custody of the child.
Drunk driving laws, penalties and consequences vary by state but some penalties and consequences can generally be expected associated with DUI charges. For example, jail time, license suspension and fines are possible as a result of drunk driving accusations. There are two common components of a DUI charge including criminal penalties and administrative consequences.