When a person dies, his or her estate may have to pass through a process called probate before distributing to heirs and beneficiaries. Probate is the court-supervised system for assessing the deceased’s debts and assets, fulfilling the estate’s existing financial...
Month: January 2023
What could disqualify a petition for bankruptcy?
Some might view a declaration of bankruptcy as a free pass to eliminate all debts and start over. However, financial hardship does not automatically qualify a person for bankruptcy. The process is a legal proceeding, and a court may deny the request of someone who...
