Seder & Chandler, LLP
Worcester 508-471-3018
Westborough 508-709-0024

December 2017 Archives

Alimony penalty may have impact on future divorce proceedings

Thanks to lawmakers, those in Massachusetts who are contemplating ending their marriages have a bit more time to decide without facing a financial penalty related to paying alimony. The current tax bill's final version would eliminate the break that divorcees currently enjoy for making alimony payments. However, it will apply only to divorce agreements that are executed in 2019 and beyond. The earlier version of the legislation proposed that this divorce-related penalty take effect in 2018.

Sneaker company that owes Nike files for Chapter 11 bankruptcy

A seller of sneakers in another state recently decided to file for bankruptcy. The company, which has 11 stores, submitted its Chapter 11 bankruptcy petition on a Friday. It currently owes a whopping $1.9 million to athletic giant Nike. Any retailer or other type of business in Massachusetts that is struggling to make ends meet may be able to enjoy a fresh financial start with this type of bankruptcy filing.

Chapter 11 bankruptcy filing involves J.G. Wentworth

J.G. Wentworth, a financial services company, has decided to file for bankruptcy. The Chapter 11 bankruptcy filing took place on a recent Tuesday. If companies in Massachusetts have debt obligations that they cannot sustain, which is J.G. Wentworth's situation, they may benefit from seeking bankruptcy protection.  

Being financially prepared for post-divorce years is paramount

The dissolution of marriage later in life is a causing more individuals to be single during their retirement years. Being single can certainly be an emotionally stressful experience, but it can also be a financially overwhelming one. A couple of tips may help those going through divorce in Massachusetts to protect themselves financially, especially if their golden years are quickly approaching.

Investment management corporation files for Chapter 11 bankruptcy

An investment management corporation in another state recently decided to seek bankruptcy protection. The Chapter 11 bankruptcy move comes on the heels of several years of struggle for the company. Any business in Massachusetts that is having a hard time staying afloat financially may benefit long term from this type of bankruptcy filing.

Achieving financial goals is possible during divorce

Achieving personal financial goals can be challenging at any stage of life, but it is especially challenging during the process of ending a marriage. However, the proper information can help to alleviate the financial stress associated with divorce. It can also help to speed up the process and lead to a personally beneficial outcome during a divorce proceeding in Massachusetts.

Asbestos product manufacturer files for Chapter 11 bankruptcy

A manufacturer in another state recently decided to file for bankruptcy. Specifically, the company has decided to file for Chapter 11 bankruptcy, citing an asbestos case dating back to 2005 as the reason for its filing. Companies in Massachusetts and elsewhere that are financially struggling, sometimes as a result of litigation, may readily find relief through bankruptcy protection.

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Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-471-3018
Worcester Law Office

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Westborough, MA 01581

Phone: 508-709-0024
Westborough Law Office