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? …
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 …
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 …