Plenty of celebrities have spoken in interviews about the moment in which they first realized that they were wealthy, but Pete Townshend of the band The Who had an inkling that the world operates differently for wealthy people when he was still a struggling student. It was 1966, and Townshend had recently met Kit Lambert,…

How the Bankruptcy Process is Unique for LGBT Individuals Individuals who identify as LGBT face a number of unique obstacles in every area of their lives, including filing for bankruptcy. Statistics compiled by the William Institute have revealed that the poverty rate for same-sex couples is higher than for individuals in heterosexual relationships. When a…

Stereotypical California story: 70-year-old man divorces his fifth wife. He lives in Beverly Hills and works as a top executive at a large entertainment company and has done so for a number of years. He is very active but recently cut back on his working hours so he can spend time enjoying life. He is…

Financial stress can take a toll on relationships. Those in the Bay area may remember a time when, typically, the husband worked a 9-5 job while the wife stayed at home and took care of the children and the house. They would go on family outings on weekends year round. Women who worked often provided…

Internationally, many people view the United States of America as the land of opportunity, where anyone has the chance to obtain wealth. Many immigrants have come to these shores with nothing but the clothes on their backs and have succeeded at achieving the American dream. Millions of illegal immigrants have come to this country, as…

The devastating effects of divorce often intersect with bankruptcy law. Couples who reside together share certain costs, like housing, food, bills, and more. When people split and go their separate ways, such expenses are not shared, leading to an increase cost of living expenses. This increase intensifies financial stress, wherein the parties have increased living…

In a landmark decision, the United States Supreme Court held in U.S. v. Windsor, that the Defense of Marriage Act or DOMA as it is commonly referred to, is unconstitutional under the Equal Protection Clause of the United States Constitution. Under the Defense of Marriage Act, marriage was defined for all federal purposes as the…