Seder & Chandler, LLP
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Westborough 508-709-0024

June 2018 Archives

Divorce can impact people financially in several ways in 2018

The process of getting divorced in Massachusetts can understandably be overwhelming both emotionally and financially. After all, it involves several moving parts that have potentially long-lasting impacts. Here is a glimpse at how divorce can impact a person's retirement, taxes and financial status in 2018.

Fusion restaurant files for Chapter 11 bankruptcy

A new restaurant in another state recently decided to take action to address its undesirable financial situation. The bar and American fusion café, called Mortar & Pestle, determined that filing for Chapter 11 bankruptcy protection would be in its best interest, so it proceeded with this process in mid-June. Companies in Massachusetts that are having a hard time staying afloat financially can certainly follow in this café's footsteps to experience much-needed financial relief.

Divorce mediation, litigation require different amounts of time

Going through a marital breakup in Massachusetts is anything but easy from both an emotional and a financial standpoint. As a result, two spouses would likely want to complete the divorce process as soon as possible. This may be possible with mediation, although the opposite is often true with divorce litigation.

Sport complex files for Chapter 11 bankruptcy

A sport complex in another state recently determined that it needed to take drastic action to address its financial situation. For this reason, the complex has decided to file for Chapter 11 bankruptcy. This type of bankruptcy protection is available for businesses in Massachusetts and elsewhere that are finding it difficult to stay afloat financially.

Health insurance an important consideration during divorce

The emotional and financial aspects of a marital breakup can easily overwhelm the person going through it. A particular concern when it comes to finances during divorce is determining how to handle health insurance. A couple of tips may help with addressing medical insurance following the dissolution of a marriage in Massachusetts.

Goal in Chapter 11 bankruptcy filing is to be profitable

Sometimes, companies in Massachusetts have a hard time dealing with debt. In these situations, they may benefit from filing for Chapter 11 bankruptcy protection. Chapter 11 bankruptcy essentially allows a debtor to present a proposed plan for profitability following the bankruptcy.

Divorce does not have to prevent children from going to college

When two people decide to get divorced, their finances can unfortunately take a hit. If they have children and were planning for the children's college expenses prior to the divorce, their college-savings plans may take a hit, too. However, a couple of steps may help them to keep their marital dissolution from sabotaging their children's college education in Massachusetts.

Supermarket seeks Chapter 11 bankruptcy protection

A supermarket in another state recently decided that it was time to tackle its dim financial situation. It has thus filed for Chapter 11 bankruptcy protection. Companies in Massachusetts that are having a hard time making ends meet financially may benefit from filing for this type of bankruptcy protection as well.

Commercial real estate lending standards lighten up

The business property market is no doubt competitive in Massachusetts and other states with major markets. However, investors who want to get their feet wet in real estate may now receive a little help from banks. Banks apparently loosened their commercial real estate lending standards recently, which may make it easier for more people to secure lending in this industry.

Shoe company files for Chapter 11 bankruptcy

A shoe company in another state recently acknowledged that it needed to take major steps to address its debt problem. Specifically, it decided to file for Chapter 11 bankruptcy. When companies in Massachusetts are facing financial struggles, filing for this type of bankruptcy may be the best move they can make.

Baby boomers choosing divorce for various reasons

The dissolution of a marriage in Massachusetts can understandably be hard to navigate both financially and emotionally. This is the case no matter how long or short of a time two people have been united in marriage. However, divorce is becoming more common among older individuals. Here is a glimpse at the reason behind this phenomenon.

Guitar manufacturer files for Chapter 11 bankruptcy

An iconic guitar brand recently determined that it needed to take a major step to address its financial troubles. The company, Gibson Brands, thus decided to file for Chapter 11 bankruptcy. Any company in Massachusetts that is struggling to stay afloat financially can, in the same way, seek business bankruptcy protection.

Divorce chances increase due to specific risk factors

People in Massachusetts generally do not enter marriage with the expectation of getting divorced. However, life happens, and sometimes, divorce is unavoidable. Research shows that a couple of personal characteristics increase a person's chances of getting divorced.

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Phone: 508-709-0024
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