Bankruptcy is a legal declaration and process by an individual or organization that establishes that a debtor is unable to pay part or all of a debt to a creditor, and a federal court determines the outcome. This is called a “voluntary bankruptcy.”
The law of trusts and estates, also know in civil law as the law of successions, is the area of law that deals with anticipating and arranging for the disposal of an individual’s estate when that person becomes incapacitated or passes away.
Family Law is an area of the law that deals with issues that are family or domestic related. Marriage, divorce, child custody concerns – these are included in this area of law. However, the realm of family law encompasses a wider range of issues than these more common subjects.