It doesn’t matter whether the divorce is contested or uncontested, as it will always have an emotional and psychological toll to the parties involved. It doesn’t matter if you are the one who initiated the divorce, the reason why the divorce has been filed, or are merely a child that has been caught up with your parents’ issues.
Anger is an appropriate response in separation, especially if the reason behind the separation or the idea of the separation itself has a negative core idea, like when your spouse has been cheating on you or beating your children. But anger is not always a good thing, as it may result into increased irritability, which can even compromise your relationship with your children.
Anxiety in divorce is often rooted to the uncertainty of the future, now that you and your spouse are arguing about division of your assets and liabilities, child custody, spousal support, and other legal aspects that can tremendously change not just your future, but also the future of your children.
The involved spouses may even focus their energies too much on the negative emotions that it may result into alienation behaviors, such as disinterest in activities, withdrawal from social interaction, and even emotional detachment to their children.
Extreme feelings of sadness, downright depression, and low self-worth may lead to behaviors that may distract them or make them escape these emotional and psychological responses, such as overeating, oversleeping, overworking, and on the worst instances, even suicide.
Guilt can be warranted and unwarranted. It can be justified for those who have been the initiator of divorce, but it can be unjustified for children who feel that they are the reason behind the divorce. Children may be significantly affected by divorce, so it is best to talk to them about it.
It is important to note, however, that the emotional and psychological effects are not always negative, and if they are, they are not always permanent. Divorce can lead to positive responses such as relief from getting out of a toxic marriage and hopefulness because of the possibility of a fresh start.
Filing Bankruptcy may Help Homeowners Save their House from Foreclosure Under Certain Situations
Foreclosure is a legal process in which a creditor or lender takes possession of a property (which serves as a collateral for a loan) due to a borrower’s or mortgagor’s failure to keep on making mortgage payments to the lender. Creditors usually do not begin a foreclosure process on any property unless mortgage payments have been delayed for about two to three months. After this length of delay, some creditors (usually banks) still willingly work out deals with homeowners, like allowing them to settle unpaid mortgages through a loan modification, however, many other creditors do not and, instead, begin a foreclosure process, wherein they repossess and usually sell the unpaid property at a public auction. Proceeds from the auction will be used to repay the mortgage and any legal fees. On the part of a homeowner, who would try to do anything to save his/her house from being foreclosed on, he/she may take advantage of the loan modification solution or try other alternatives, such as filing bankruptcy.
The U.S. bankruptcy law, which originates from Title 11 of the United States Code (also called United States Bankruptcy Code) is a federal statutory law designed to help or enable consumers and businesses to either eliminate or repay their debts under the protection of a bankruptcy court.
Homeowners facing foreclosure may find bankruptcy as a tool to help them keep their house; specifically, Chapter 13 or Chapter 7 may help them accomplish this. As explained by Ryan J. Ruehle Attorney at Law, LLC, it is important for consumers and businesses to understand the different bankruptcy chapters available as each chapter is designed to address and solve specific financial problems and debtor situation.
Through Chapter 13 bankruptcy, for instance, (this is also called a wage earner’s plan), a homeowner is allowed to propose a three to five-year installment repayment plan which could allow him/her to repay all or part of his/her debts to his/her creditors. It is necessary this time, however, that a homeowner never again delay or miss mortgage payment, otherwise, there may be no other way to save his/her house from being foreclosed on.
Under Chapter bankruptcy, on the other hand, a homeowner may just be able to save his/her house but only if his/her creditor foreclosed on his/her home without following the proper procedures; this will allow him/her to file a wrongful foreclosure suit. Otherwise, if his/her creditor is able to foreclose on his/her property, there will be no means of getting his/her house back. The greatest benefit of filing Chapter 7, if this were the case, is saving the homeowner from still having to pay his/her creditor any deficiency balance (a deficiency balance arises if the proceeds from the foreclosure sale are not enough to cover the balance of the mortgages).
According to the law firm Gagnon, Peacock & Vereeke, P.C., wrongful foreclosure can be an extremely difficult thing to go through. A homeowner will also most likely have no idea if his/her house was being foreclosed on wrongly. This is why it may be necessary for homeowners to get help from a qualified legal counsel who may be able to help them fight for the right to keep their home.
An Insurance Coverage Employees should Most Likely Have
In 2013, the U.S. Department of Labor’s Bureau of Labor Statistics recorded more than three million non-fatal workplace injuries and illnesses, and 4,405 deaths. These statistical data are so much lower compared to the yearly average of accidents, injuries and deaths before 1971 (the year the Occupational Safety and Health Administration or OSHA was passed into law), thanks to the consistent efforts of OSHA in implementing health and safety in work environments.
Workplace accidents resulting to injuries and deaths, however, continue to happen, making these a major concern of federal, state and local governments. Each time a worker is harmed, different issues are brought into the open, including the concerned employer’s compliance with workplace safety laws, the severity of the injury sustained by a worker and the effect it will have on this worker’s financial future.
Some accidents cause no more than minor scratches, while others are more serious, requiring days or weeks of bed rest. Some injuries are definitely severe, however, causing long term disabilities (LTD) that render a worker unable to work for months or even years, taking away his or her capability to earn wages.
It is a good thing that some employers provide their employees with a long term disability (LTD) insurance policy as part of their comprehensive employee benefits package; this is to protect their employees from losing any form of earnings during the long period when their injury or illness will keep them out of work.
As explained by the Hankey Law Office, long-term disability (or LTD) coverage is an insurance plan structured so that you receive compensation for the wages you lose as the result of an injury, illness, or any other condition that prevents you from working. It is similar to life insurance, in that it will provide you with financial compensation in the event that you suffer injury from an unexpected tragedy, but instead of covering medical expenses, it reimburses you for lost, future wages.
An LTD policy usually stays effectivity for 10 years or until the insured employee reaches the age of 65. An employee can start enjoying the benefits of his/her LTD policy after his/her short term disability insurance benefits have ended (the short term disability insurance benefits, which employers may also provide for employees or which employees may purchase on their own, typically last between three to six months).
Despite employees’ eligibility to receive LTD benefits, however, many applications get denied or are awarded benefits that are lower than what the policy stipulates. Many insurance providers, obviously, are guilty of avoiding making payments, thus, they do all things possible to deny claims, delay assessment of applications or payment of claims, or pay much lower benefits.
Since an insurance policy is a legal contract, it would be wise if the injured employee make the application for the benefits through the help of a legal expert who is adept in the LTD insurance benefits law.