Normally, it involves credit scoring. Most of the difficult problems seem to involve the impecunious spouse.
Credit scoring is not available for “lump-sum alimony payments.”
If a spouse has difficulty in paying obligations during the matrimonial action, it negatively impacts on that spouse’s credit score.
As to mortgages, if the spouse is not “relieved of the obligation with the third party lender”, it negatively impacts on the debt obligation.
The lower credit score ratings are generally used to determine eligibility for insurance coverage as to real estate. A matrimonial lawyer needs to be wary of these difficulties.
Joel M. Weissman practices family law in West Palm Beach. He has been recognized byTown and Country magazine as one of the best lawyers in the United States and voted the best lawyer in the county by Palm Beach Illustrated. He is nationally Board Certified in civil trial practice in addition to being Board Certified in Florida in family law.