by Ben Ruesch | Sep 10, 2020 | Family Law
There are a lot of factors that can contribute to the decision to end a marriage. The most commonly reported reasons for failed marriages are financial struggles, poor communication, infidelity, and domestic abuse.
However, when a couple decides to end their marriage, there are options. Whether it be for religious, moral, or legal reasons, divorce is not a suitable option for all couples. Depending on circumstance, a legal separation or an annulment may be a better option.
by Ben Ruesch | Aug 31, 2020 | Divorce, Family Law
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by Ben Ruesch | Aug 18, 2020 | Family Law
When it comes to prenuptial agreements, most have the misconception that they’re only for people of wealth. This is incorrect and though they are often used for those marrying into wealth, or vice versa. That doesn’t mean prenups have no benefits for those of more modest financial situations.
by Ben Ruesch | Jun 25, 2020 | Water Rights
Each state has valuable water resources. Inside the Department of Natural Resources, lies the Division of Water Rights. They delegate and distribute natural water resources to the state’s population as requested. In Utah, you must own a water right to use and...
by Ben Ruesch | May 28, 2020 | Bankruptcy
uring the COVID-19 crisis, the unemployment rate has skyrocketed to almost a new record high at over 14%. With the closing of non-essential businesses, companies are having no choice but to lay off their workers. Leading to personal financial crises within families all across the nation. Knowing if or when it’s time to file for bankruptcy is important in this time of crisis. Ruesch and Reeve Law are here to break down the facts and support you during this overwhelming financial loss.
by Ben Ruesch | May 18, 2020 | Bankruptcy
During these uncertain times, it’s natural to worry about making your regular mortgage payments – especially if you have already fallen behind on your account, or if your family has suffered COVID-19 related job losses. The unemployment rate in Utah is currently at 3.6%, and 4.4% in the nation.
by Ben Ruesch | Apr 24, 2020 | Bankruptcy
Chapter 7 is the most common type of bankruptcy for personal debtors. It is also referred to as straight or liquidation bankruptcy. Chapter 7 is most suitable, and most frequently used, by individuals, but can also be an option for businesses as a last resort to have their slate wiped clean. Chapter 7 bankruptcy is most often used by people who are far behind on their bills with unsecured debts to reset their finances.
by Ben Ruesch | Mar 10, 2020 | Bankruptcy
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide paid sick leave or expanded family and medical leave for reasons related to COVID-19. These provisions are in effect until December 31, 2020, and include the following:
by Ben Ruesch | Feb 10, 2020 | Bankruptcy
Chapter 7 bankruptcy could also be known as liquidation, or straight bankruptcy. It requires the court to appoint a trustee. Who then takes your assets, sells them, and distributes the money to creditors who have filed the proper claims. They cannot receive payment without correct claims filed. Being the most common type of bankruptcy filed in the U.S., chapter 7 is still complex.
by Ben Ruesch | Jan 10, 2020 | Assets
An asset is anything already of value, or a resource of value that can be turned into cash at any time. Assets may be owned by individuals, companies, or the government. It may contain economic value, or future benefit. Future cash benefit assets may be something such as a company, or a patent. So how do you determine the different categories of assets?
