Learn about how alimony works and what to expect before filing for divorce. If you’re facing a divorce, you’ll have to face reality: Alimony payments—also known in some states as “spousal support” or “maintenance”—are alive and well in the American divorce system. And if you earn substantially more money than a spouse to whom you …
When parties are divorced or subject to a separation order in Utah, the Decree of Divorce or Separation Order will identify the child support obligation will be. It would, however, be quite unusual for the parties’ income to remain stagnant for the entire time that child support is owed. Jobs are lost, and new jobs …
By Lina Guillen, Attorney Child support laws vary by state, but most courts need a compelling reason to change an existing order. Continue reading to learn more. Bottom of Form After a divorce with children, either parent can ask the court to modify a child support order. Whether the court will actually grant your request is another matter. Child support …
Posted on January 09, 2014 02:38pm Often, after an order of child support is entered, it is necessary to have the amount of support adjusted. This may be due to your child’s needs and activities changing, your income changing, the other parent’s income changing, or the parenting schedule changing. In most cases, it is in …
5 Tips for Effectively Negotiating a Child Support Adjustment 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 …
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 …