A highly debatable aspect of any divorce is the debt that was a joint endeavor between you and your spouse. One must not assume the divorce means splitting the debt according to your liking.
Debt and Divorce
Whether it’s you or your spouse who has the loan, make sure you consider the following questions so that you are prepared to deal with legal matters efficiently.
Careful consideration of your financial condition can give you a new perspective in a divorce and can even help you identify the anticipated basic divorce costs you will be taking on in the divorce proceedings.
Chapter 7 bankruptcy can be one of the best options for individuals or divorcing couples who find themselves in a troubling financial situation, but there are several factors that need to be considered when deciding whether to declare bankruptcy before or after divorce.
Divorce can affect every part of your life and the lives of your family. Finances are no exception. When you decide to get divorced, it’s important to prepare for the effects it will have on your credit score.
These are a few examples of how funds become commingled during marriage. The more money you have, the more property you buy, the more likely you are to commingle funds.
It can be difficult figuring out how to survive financially after divorce. Take control of your finances by using the following tips.
How does the Ontario Family Law Act protect people from debts incurred though crime during a divorce? Read on to find out.
It’s virtually impossible to get student loan debt discharged in a bankruptcy, so you’re stuck with it – which can exacerbate your other marital issues. In fact, more than a third of student loan borrowers claim that debt contributed to their divorce.
Following a divorce, parties must determine the division of both assets and debts – including any debt consolidation loans that may have been received during the marriage.