Divorce and money problems often go hand in hand, the marital situation made worse due to bills piling up and harassment from creditors. So it is no wonder that couples contemplating divorce are also often contemplating bankruptcy. Debt can haunt you both during and after the divorce process, as credit companies aren’t bound by divorce decrees. They …
Not sure if you should file for bankruptcy or divorce first? Here’s what to consider. Updated By Cara O’Neill, Attorney Many people cite divorce as a leading reason for their bankruptcy filing. However, planning can make both your bankruptcy and your divorce less complicated and more cost-effective. Whether you should file for bankruptcy before or after a …
Once a divorce happens, income does not change but the cost to operate two households instead of one increase. Financial planning can help one transition from married to single lifestyle. There is a need to prioritizing financial goals, developing realistic expectations, and producing written plans for allocation of financial resources. Settlement moneys need to last …
Filing bankruptcy after divorce has advantages, but filing before is simpler. By Kathleen Michon, Attorney If you are contemplating filing for bankruptcy and divorce, then timing can be critical. Read on to learn more about whether it makes sense to file for bankruptcy before or after a divorce. How Can Bankruptcy and Divorce Affect Each Other? …
In a country with a record divorce rate — and epidemic levels of unemployment that often lead to personal bankruptcy — it is not uncommon for us to hear questions like these because Allan Dunaway is an attorney with experience handling both consumer bankruptcy and divorce cases: “Which should I pursue first — my bankruptcy …
By Lauren Bennett Divorce can be draining on your emotions and affect your life more than you imagined. If bankruptcy is piled on top of it, it can become even more stressful. If you and your spouse have made the decision that divorce is your best option, your finances could be affected, as divorce is commonly …
DhrishniFollow Jul 13, 2018 Let’s start with the basics, what is spousal support? Spousal support is a payment made by one ex-spouse to the other, in order for the lower or no income ex-spouse to maintain a similar lifestyle to the lifestyle he/she experienced when they were married. When you are getting a divorce, your …
Alimony Is An Outdated Legal Obligation For Millennials Today Read More »
Not sure if you should file for bankruptcy or divorce first? Here’s what to consider. Updated By Cara O’Neill, Attorney Bottom of Form Many people cite divorce as a leading reason for their bankruptcy filing. However, planning can make both your bankruptcy and your divorce less complicated and more cost-effective. Whether you should file for bankruptcy before …
Divorce and money problems often go hand in hand, the marital situation made worse due to bills piling up and harassment from creditors. So it is no wonder that couples contemplating divorce are also often contemplating bankruptcy. Debt can haunt you both during and after the divorce process, as credit companies aren’t bound by divorce decrees. They …
In a country with a record divorce rate — and epidemic levels of unemployment that often lead to personal bankruptcy — it is not uncommon for us to hear questions like these because Allan Dunaway is an attorney with experience handling both consumer bankruptcy and divorce cases: “Which should I pursue first — my bankruptcy …