Best Business Attorneys in Bay Shore, NY

Your first step is to inventory your past and present debts. You will also need a list of your assets to include in your petition in the bankruptcy filing. Schedules of assets and liabilities, along with a statement of your financial affairs, comprise the petition you will file with the bankruptcy court, accompanied by your filing fee.

Bankruptcies remain on credit reports between seven and ten years. Deciding to declare bankruptcy is a serious decision. That is why it is important to consult an experienced bankruptcy attorney so you fully understand the bankruptcy options and their consequences.

In most cases, the benefits you have accumulated through your employment during the time you were married are subject to division in a divorce. Your spouse may be entitled to one-half of the value of your pension and 401(k) from the date of marriage until the date of separation or divorce. The same may be true for your unused vacation time and frequent flyer miles.

Generally, assets owned by either spouse prior to the marriage will remain that spouse's separate property after the marriage ends, and won't be distributed by a court as marital property. In some states, the court can define the starting date of a marriage as being earlier than the actual marriage date if it is ''equitable'' to do so.

Bail is your best bet. If it has been set, someone must pay the bond for your release. A bail bond helps ensure that you appear at all subsequent legal proceedings. If you are released from jail on bail and fail to appear at all related legal proceedings you risk forfeiting the bond, facing a new arrest warrant, and losing any subsequent bail privileges.