Overwhelming debt is a heavy burden that creates stress and anxiety. Steinfeld & Steinfeld, PC addresses crisis situations – be it for businesses, families or individuals. Financial stress oftentimes results from too many guaranteed debts in a business that hasn’t done well, from an overly ambitious investment strategy in real estate or a family situation that had trouble supporting one household and is now seeking to support two as the result of a divorce. Bankruptcy is sometimes an appropriate strategy (tool in the tool bag) to provide relief in these situations. Sometimes, the most important issue is in identifying “the client:” is the client the individual member of the family? Is it a husband and wife duo? Is it the business owner? Is it the business? Which business? How many businesses are there? Any given bankruptcy case can only involve one debtor-entity, although a husband and wife may file a joint case. So which is the appropriate entity for the bankruptcy filing? On the other hand, [click to continue…]
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Divorce affects, directly or indirectly, virtually every family in the country. In Georgia there are 13 grounds for divorce. One ground is irretrievably broken (sometimes referred to as the no-fault ground). The other 12 grounds for divorce in Georgia are fault grounds. Marriage is a civil contract that the state has an interest in preserving. Accordingly, the marriage relationship may be dissolved only as provided by law through (1) a divorce or (2) an annulment; or altered by (3) a decree of separate maintenance granted by our courts. In any case, there must be a proceeding in the superior court of the county in which the defendant resides (or the county where the parties resided during the marriage if the defendant left the county within six months before filing) and the person seeking the divorce must prove grounds for divorce (valid reasons prescribed by law). To read more on Georgia divorce law, click this link.
To search the Georgia Code regarding divorce, click this LexisNexis link.
