Many couples who face divorce do so because they have been experiencing significant financial difficulties. These financial woes may be one among many factors, or perhaps the only factor, that has led to the breakdown of the marriage. These difficulties may be exacerbated by going from a dual-income household to a single-income household, perhaps due to job loss, illness, or another significant life change. When couples face these issues and decide to file for divorce, it is important to … [Read more...]
Filing For Divorce and Bankruptcy
Going through a difficult divorce during the COVID-19 pandemic can be bad enough, but your difficulties will multiply if you lose your job or face expensive medical care. You may need to file for bankruptcy as well as get a divorce. Even if you don’t catch the virus or lose your job, divorce adversely affects most family finances and is the leading cause of bankruptcy in America. If you and your spouse are considering a divorce and filing for bankruptcy at the same time, you … [Read more...]
