Gastonia Bankruptcy And Family Law Blog

Telling friends and family about your divorce can be challenging, even under the best of circumstances. It's natural that you'll want to keep some personal matters within your closest social circle, but at some point, you will need to make a general announcement to others. Psychology Today offers the following tips on how you can break the news. 

No matter what is going on in your life, you can feel free to define the narrative regarding your divorce. This is especially important if you're going through a contentious divorce, which can be mentally and emotionally draining to talk about with all the people in your life. Instead, decide how you want to frame the divorce before going into the conversation and use that language whenever discussing it. Don't feel the need to provide all the salacious details, as this will only make you feel worse. 

Anyone in North Carolina who is contemplating a bankruptcy plan as the answer to their debt needs should first understand the two types of consumer bankruptcy. Each plan, the Chapter 7 bankruptcy and the Chapter 13 bankruptcy, has its own set of pros and cons for a consumer based upon their unique situation. The two plans operate very differently but both have the potential to give a person a fresh financial future.

As explained by Experian, a Chapter 7 plan is likely the bankruptcy option that most people think about or know about. In this plan, assets may be sold in order to repay some of the debt that a person owes. For this reason, it is often called a liquidation bankruptcy. There are some exemptions so that people may retain some of their belongings based on value amount and category. This type of bankruptcy can often be completed in just a few months. At the end of this time, all of the debts included in the plan are discharged.