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Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
Debt settlement is also called debt reduction, debt negotiation or debt resolution. Settlements are negotiated with the debtor’s unsecured creditors. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely.
Creditors‘ rights are the procedural provisions designed to protect the ability of creditors—persons who are owed money—to collect the money that they are owed. … The rights of a particular creditor usually depend in part on the reason for which the debt is owed, and the terms of any writing memorializing the debt.
Federal immigration law determines whether a person is an alien, and associated legal rights, duties, and obligations of aliens in the United states. It also provides means by which certain aliens can become naturalized citizens with full rights of citizenship. Immigration law determines who may enter, how long they may stay and when they must leave.
An uncontested divorce occurs when: (1) there are no disagreements between you and your spouse over any financial or divorce-related issues (i.e., child custody and support, division of marital property or spousal support); and (2) your spouse either agrees to the divorce, or fails to appear in the divorce action.
A property settlement agreement (commonly referred to as a marital or divorce settlement agreement), is a written agreement between two spouses. It defines how property and assets should be divided between the spouses by determining what items the couple obtained before or during the marriage.