As people prepare to enter into divorce proceedings in Covington, they likely understand that they will need to make some concessions to their soon-to-be ex-spouses in the area of property division. One element of this particular issue they may not be expecting to deal with is the division of their individual 401k accounts. Many often question why a 401k would be included amongst their marital assets. As contributions to a 401k account are made from one's income (which is indisputably a marital asset), they are also considered shared.
Personal bankruptcy is rarely the result of a single financial issue in Kentucky. However, there are some situations that may contribute more than others. Specifically, divorce and criminal cases could easily upset your financial balance relatively quickly.
Suffering from a physical injury after a car accident is bad enough, but it is worse when there are costly medical bills. These expenses can quickly get out of hand as you try to recover from your injuries. You may have no idea how to afford these bills on top of everything else you need to handle, such as car repairs and making up for lost income.