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Is It Illegal to Hide Cryptocurrency in Divorce?

It's never a good idea to try to cheat the law. When going through a divorce, property division begins by determining the assets of the splitting couple then divvying up those assets.

Hiding property is, as you might expect, a regular fear and feature of the divorce process. Stocks, bonds, bank accounts, and 401(k)s can be tracked down by your ex's lawyers. As can (more easily) the house, the car, and the dog. But what about anonymously held cryptocurrencies, like Bitcoin?

Outside of buying a house, or a boat, or a houseboat perhaps, buying a car is one of the biggest financial investments we'll make. So it goes without saying that you should take the car buying process seriously and therefore you'll probably have a lot of questions you'll want answered before you finalize the deal.

So here are three of the biggest legal questions about buying a car, from our archives:

Black Friday. Small Business Saturday. Cyber Monday. Between Thanksgiving Day and Christmas morning, Americans will spend millions, if not billions on holiday shopping. And between the in-store crowds and online fraud, Americans are set to lose a lot of money as well.

So here are three of our best tips for keeping holiday shopping safe, from our archives:

Top 5 Student Loan Debt Tips

Student loan debt in America is exploding, growing by an estimated $2,726.27 every second and totaling over $1.38 trillion dollars (as of this morning). Not only are students being buried in debt, parents are now, too.

And with so many shady debt servicing companies and for-profit colleges out there, it's more difficult to repay that debt and separate fact from fiction while doing it. So here are some of our best legal tips for dealing with student loan debt, from our archives.

Bankruptcy filings are tough decisions to make, both financially and emotionally. Most of us are too proud to admit we can't pay our debts, and we're also unsure of the long-term effects on our credit and our lives. And most of us will be eager to return to our normal lives as soon as possible after filing bankruptcy.

Chapter 7 bankruptcy can help relieve your debt burden now, but how long will that bankruptcy filing hamper your ability to buy a home in the future? Here's a look.

If you're coupling your latest tax filing with a little spring cleaning, you may be tempted to put the whole year behind you and toss everything. After all, your return is filed and you don't need all these receipts and forms cluttering your home or office for another 365 days, right?

Well, as nice as it would be to ditch it all and rely on electronic records, there may be some hard copy documents you'll want to keep around, just in case. Here are some of the documents you'll want to save for tax and financial reasons.

For many people, handling money is a breeze. They work, earn money, live within their means, and die a humble death. For others, money is the eternal, literally existential, problem. When people go so far into debt that the light at the end of the tunnel is actually a freight train barreling towards them, threatening financial ruin, bankruptcy might be a viable alternative to financial destitution.

Bankruptcy is the process by which a person throws up their hands and says: “Court, please save me from these creditors.” Depending on the type of assets a person holds and their level of income, there are different forms of bankruptcy that may be available.

Safe deposit boxes can provide individuals with confidence that important documents and valuable or prized possessions will be kept safe from loss, accidental destruction, and theft. However, courts do have the authority to issue an order requiring a bank to freeze, or open, a person’s safe deposit box.

When it comes to collecting delinquent unpaid taxes, the IRS has quite a bit of leeway, but cannot act to seize assets without court approval, or other particular circumstances being met. In addition to freezing accounts, levying accounts, garnishing wages, and seizing assets, the IRS can get a court order to freeze and seize or force a sale of the contents of a safe deposit box to satisfy a tax debt or penalty.

In response to the 2007-2008 financial crisis, the Obama Administration passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, aimed at regulating big banks, making their operations more transparent, and keeping them from becoming "too big to fail." Republicans at the time opposed the bill, so it's no surprise that Dodd-Frank has become one of the many financial regulations on President Donald Trump's chopping block.

So what does the Dodd-Frank Act do right now, and what would it mean for consumers if its protections are rolled back?

The Consumer Financial Protection Bureau (CFPB) has filed a federal lawsuit against one of the largest private and federal student loan servicing company, Navient Corp. The lawsuit alleges Navient of "systemically and illegally failing borrowers at every stage of repayment."

Basically, they are alleged to have regularly deceived borrowers into choosing higher cost options.