Bankruptcy in Austin, Texas, gives a debtor a legal way out of debt. They can choose several bankruptcy types, but the most common kinds are Chapter 7 and Chapter 13. Debtors might have to give up assets depending on the type of bankruptcy but exemptions could save...
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Austin Texas Family Law Blog
Why you need an ILIT trust
An irrevocable life insurance trust, also known as an ILIT, is a trust that can't be changed or rescinded once it is created. These trusts are created with a life insurance policy and the policy serves as an asset that the trust owns. If you live in Texas and are in...
Can I Change My Child Custody Arrangements From Texas To Another State?
When a custodial parent wants to relocate, the state of Texas views that seriously. Judges and lawyers know that children do better when more adults are involved in their lives. The more support a child has in their life, the better. So when a custodial parent...
What assets are nonexempt?
Some people in Texas who are unable to repay their debts hesitate to file for bankruptcy because of a fear that they will lose all their assets. However, Texas provides a generous list of exemptions and allows people to exempt many types of assets from the bankruptcy...
Should you consider bankruptcy before or after divorce in Texas?
Divorce and bankruptcy are emotionally draining in their own rights, but facing both of them can be downright overwhelming in every way. If you know that filing for bankruptcy is in your future, you might be tempted to do it before the divorce or even at the same...
How substance abuse affects child custody
A parent's history of substance abuse is one of the factors that can affect custody decisions in Texas. Whether that parent's abuse is in the past or still going on, courts will consider it when establishing custody and visitation orders. Before custody is established...
Is bankruptcy considered a form of debt relief?
Accumulating debt is ridiculously easy. Sign your name on a car loan, a few credit card slips or a student loan application, and debt quickly builds. When Texas consumers feel the heavy burden bearing down on them, debt relief is sometimes a necessity. Bankruptcy is...
Eligibility for intercountry adoption under the Hague Convention
If you are a US citizen interested in adopting a child from a country other than the United States, it is important to understand intercountry eligibility under the Hague Convention prior to moving forward with your plans. When you live in the State of Texas,...
What makes military divorce cases different from civilian divorce cases?
Going through a divorce is life-changing. However, if you or your spouse is in the military, you will likely need to follow some special rules and regulations. Continue to read for more information about what may impact your military divorce. Special rules and...
What’s causing the millennial divorce phenomenon?
Statistics have revealed that millennials in Texas and around the country are getting divorced at an alarming rate. While there are many reasons why this is happening, the idea to live together without making a serious commitment to marriage is clearly among the top...