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March 2018 Archives

Saving for retirement essential following divorce

Understandably, not all marital unions in Massachusetts last. Unfortunately, the divorce process can be unsettling for both emotional and financial reasons. A couple of tips may help spouses who are going through divorce to protect their financial interests, especially if they are near their retirement years.

Media company files for Chapter 11 bankruptcy protection

A media company in another state recently determined that it needed to address its poor financial situation. The company, Steel City Media, has therefore filed for Chapter 11 bankruptcy protection. Bankruptcy protection may likewise be the only recourse for companies in Massachusetts that are struggling financially.

401(k) division can be tricky during the divorce process

Keeping one's retirement assets intact is critical for creating the most financially stable future possible. This is why the division of retirement assets can be so unsettling for those going through the divorce process in Massachusetts and elsewhere. A particular aspect of the division of retirement benefits that can especially cause confusion is the splitting of a 401(k).

Drugmaker files for Chapter 11 bankruptcy

A drug company in another state recently determined that its financial situation was too bleak for it to keep doing business as usual. Therefore, the company filed for Chapter 11 bankruptcy. Companies in Massachusetts that are facing difficult financial times may likewise benefit from this type of bankruptcy filing.

HCR ManorCare decides to file for Chapter 11 bankruptcy

An operator of elder-care buildings in another state recently determined that its dire financial straits required it to take immediate action -- a situation that companies in Massachusetts face as well. For this reason, the company, HCR ManorCare Inc., decided to file for Chapter 11 bankruptcy protection. The company has also agreed for a real estate investment trust, Quality Care, to acquire it, as the company owes this trust millions of dollars in rent.

QDRO an important part of divorce process

During the dissolution of a marriage in Massachusetts, assets are typically divided. However, the division process does not happen automatically with retirement plans. This is why a qualified domestic relations order, or a QDRO, is an important part of the divorce process when retirement funds are involved.

Selling a home can complicate divorce process

A marital breakup in Massachusetts can understandably be challenging to navigate both financially and emotionally. However, making matters even more complicated is the decision to sell the marital home as part of the divorce process. A couple of tips may help to make the process easier for the parties involved.

Electric car business files for Chapter 11 bankruptcy

An electric car business in another state has been financially struggling. It has therefore decided to file for Chapter 11 bankruptcy protection. Any firm in Massachusetts that is having trouble with staying on top of its liabilities may likewise benefit from this form of bankruptcy protection.

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