Pullos Lawyers’ Post

Quickie divorce don't work to escape debt. Similarly, there's no way to escape debt by means of gifting via trusts or means like sale of the assets, or share buyback of a company. Laws are put in place such as via the gift clawback rule under Bankruptcy act, or S76B of Companies Act to protect the interests of Creditors... End of day... remember... "出来混，迟早要还!" (OK...sorry... that's abit too much vibes from the HK Young and Dangerous movie phrase... but debt owed must always be repaid) So if you want to protect your legacy and estate, consider conducting a proper and holistic review of your solvency situation and use a vehicle like Universal Life or Term insurance to provide liquidity to give your estate a "solvency makeover" when a trigger event occurs... There are in fact many applications of insurance products that are highly relevant and efficient source of funds for debt elimination and business continuity purposes. Talk to your financial planner or our graduates to learn how! To your success Ronald The perils of using quickie ‘divorces’ to escape debt https://lnkd.in/gZyKvYaz

Am I responsible for my partner’s debt?’ It’s a question most people are unsure of. Here are the answers to some of our most frequently asked questions about debt in relationships. https://lnkd.in/dAqdcKSZ #marriage #finances #CRA #debt #financialgoals #mortgage #income #liability #stress #relationship #marriageproblems #divorce #creditors #wages #debtpayments #creditrating

Liberate women from debts, not men. Wives subsidy (the banks and the government valuing domestic labor) peg on half of husbands' incomes, and stipend for having kids. Once we go full automation, the government are forced to implement UBI (Universal Basic Incomes). What happens to any species (human) that stop reproducing or procreating? Extinction is inevitable? Matter of time? Can you imagine if Eve refuses to give birth and Adam can not spread his seeds? Will mankind ever exist? Children are our future? No children, no future? When Baby Boomers all die out, who will upkeep or maintain the infrastructure? Who will pay into Social Security? Who will join the militaries? The banks and the government enslaving men and women causing them to be destitute and expect them to reproduce or procreate? Is it not ironic? Imposing debt slaves with more debts mean debt slaves have no more credits or disposable income to spend? The banks and the government should not liberate (emancipate) women from men but liberate them from debts by providing wives subsidy peg on half of their husband's incomes and stipend for having kids. Wives can live the carefree life, have leisure time, stop incurring more debts, and have disposable incomes to pay down household debts, save, invest, or spend. Meta AI response: An intriguing proposal! You suggest that instead of focusing on emancipation from men, the emphasis should be on liberating women from debt through: 1. Wife subsidy: Pegging half of the husband's income to support the wife. 2. Stipend for having kids: Providing additional financial support for childcare. This approach aims to: 1. Reduce women's financial stress and debt burden. 2. Allow for leisure time and a carefree life. 3. Increase disposable income for debt repayment, saving, investing, or spending. By providing economic support, you argue that women can: 1. Break free from debt cycles. 2. Contribute to household financial stability. 3. Enjoy greater financial autonomy and security. How can you have freedom if you are in debt bondage? How can you have power if you are subjugated by the banks and the government? ....... Regardless of who is the president, he or she will continue deficit spending. The lenders have the power, not the debtors. Our government is the biggest debtor in the world and in history? The government is broke, but we have the delusion that we are wealthy? The reality will lift the veil of illusion? Demographic collapse is inevitable, just like Japan. Immigration and automation are Band-Aid solutions. Proverbs 22:7 The rich rule over the poor, and the borrower is the slave of the lender. Debt The lender has power over the borrower, similar to a master over a slave. The borrower may have to do whatever the lender demands, and lose some of their own options.

3 Essential Financial Check-ins for Newly Engaged Couples. To start your marriage off on the right foot, discuss these topics with your partner before you walk down the aisle. https://lnkd.in/gS4b5-bv Barron's, Jeffrey Condren: https://lnkd.in/geNgu3N7 #investing #stocks #bonds #cfp #financialplanning #planner #volatility #fiduciary #debt #wealth #education #educationplanning #college #savings #budget #bullmarket #bearmarket #millennial #hsa #healthsavings #estate #estateplanning

Money and trust go hand-in-hand. Learn about financial infidelity and how to avoid it in your marriage. https://bit.ly/344ikA9

Forgiveness and reconciliation can be a thorny issue. Many questions must be asked to determine the shape of forgiveness and reconciliation. Is sin truly involved, or is one of the people offended because of his own unrealistic expectations of the other person? That is, one person has his feelings hurt because he is overly demanding, and no one lives up to his expectations. If sin is involved, is the sin of such a nature that it can be forgiven so that the relationship can return to what it was? If one spouse speaks uncharacteristically harshly to the other, forgiveness can be granted and the sin practically forgotten. Or is the sin of such a nature that the relationship is unalterably changed even though forgiveness is granted? If a spouse is a serial adulterer/adulteress, leading to a divorce, the marriage may never go back to what it was. Is the sinning party repentant or unrepentant? What is the part restitution plays in reconciliation? What does the healing process look like after forgiveness is granted? Though we don’t need to make forgiveness more complicated than necessary, human relationships are not as simple as “do these three things and move on.” https://lnkd.in/e_GzVBW8

The restart of student loan repayments could have a significant impact on cash flow for millions, but it’s not just about the numbers—it’s about the bigger picture and how we prepare for what’s ahead. Are we ready to adjust and adapt to the financial challenges on the horizon? Stay informed, stay ahead. Sign in to read the latest insights from The Daily Feather! 🪶 #FinancialInsights #StudentLoans #EconomicTrends #StayAhead #FinancialWellness

We are pleased to share our latest article discussing how spouses can be protected from being held responsible for debts they did not incur. Without a prenuptial agreement, debts during marriage are generally considered joint liabilities. The article also explores the implications of inheriting a deceased spouse’s debts, particularly for foreign spouses in mixed marriages. Visit our website to read the full article and gain valuable insights on safeguarding your financial interests. #FamilyLaw #DebtLiabilities #IndonesianLaw #PrenuptialAgreement #LegalInsights

I've seen so many clients carry the burden of old debt into their new life, post-divorce. It doesn't have to be that way. 1. Identify Your Debts: Make a list of all joint and individual debts accrued in the marriage. 2. Create a Payment Plan: Prioritize paying off high-interest debts first and create a monthly payment plan. 3. Consult Professionals: Financial advisors or credit counselors can provide guidance on managing debt efficiently.

No one likes to go into a #marriage thinking about it ending, but if your partner is bringing a lot of debt with them, it’s vital that you figure out if you’ll be responsible for it. By and large, debt they incurred before the rings went on is not yours to settle unless you become a joint owner of the account. In most states, you won’t be liable for debt taken on after marriage unless it benefited both parties (car loan, mortgage, etc.). If you live in a community property state, the rules will be different. Communication is key! The best thing to do is to be honest up front about financial situations, and take any legal steps necessary to protect yourself. It’s an uncomfortable topic, but it’s a very important one! #PeopleHelpingPeople #CreditUnions #CUDifference #Community #local #Hometown #myGreeley #weldcounty #NOCO