May 16, 2014

May 16, 2014

Bankruptcy Mediation Is On The Rise, Panelists Say – Mediation in bankruptcy cases is on the rise as debtors look to avoid prolonged, expensive litigation, but judges and attorneys need to be careful in assessing what situations are best suited for bringing in a mediator, experts said on Thursday.

How To Protect Yourself In A Divorce Using A Domestic Asset Protection Trust – There is a word in a relationship that sparks more fear than even the dreaded words, “We need to talk.” That word is prenup. Successful and confident grown men and women shutter at having to breach this subject with their soon-to-be spouse. It’s a painful conversation that all want to avoid – and many do after they decide it would be too uncomfortable and too awkward. The result? They leave their assets unprotected and subject to division in a divorce. But even those who had the prenup conversation and subsequently got divorced will tell you, a prenup is not bullet-proof and can – and usually are – contested. Even if the prenup is ultimately deemed legitimate, it can still cost you thousands (if not hundreds of thousands) in legal fees proving this.

Quarterly Foreclosure Rate is Near Pre-Crisis Levels – The U.S. housing market’s recovery is still a work in progress, but the problem that got us here in the first place—waves of foreclosures that decimated prices and neighborhoods—is steadily fading into the rearview mirror.

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MEDIATOR OF THE MONTH: Jeffrey Grayson
May 16, 2014