Typically, many negative financial events precipitate the decision to file for bankruptcy. Some people come to the decision to file for bankruptcy only after suffering tax liens placed against their property or civil judgments issued by a court. The implications of these legal measures to collect debt is scary and overwhelming for most people, and...

Retirement benefits are a source of financial security that are highly valued and take years of work and fiscal sacrifice to accumulate. However, just like other assets owned by a married couple, these accounts are subject to division in the event of divorce. This reality is often a hard blow to the spouse who amassed...

In today’s world, everyone is expected to attend college and emerge with a degree that will help them find a job. Even the most entry level jobs require workers to have a college degree, regardless of whether it helps them perform the work better. Advanced education means high bills, requiring most students to take out...

Spouses spend years building a life together, which naturally includes acquiring new assets. These assets, along with any other property owned by either spouse, are considered part of the marital estate and subject to property division in the event of divorce. Normally, this split is roughly 50/50, but this allocation is not set in stone,...

Once the decision to file for divorce is made, and perhaps before this point, living together with a soon-to-be ex can becomes incredibly difficult. Communication is usually poor and spouses often have trouble remaining patient over everyday issues that occur in every household. Typically, one spouse will recognize the need to remove him/herself from the...

The procedure of divorce involves multiple steps, one of the first being serving the other spouse with divorce papers once the case is initiated. In fact, most spouses know divorce is coming, and anticipate the delivery of the official paperwork. Then, there are situations that are more complicated, and one that can cause particular problems...

Divorce pushes most spouses to their limits, and can produce extreme behavior as each person tries to cope with all the changes. The division of property is one area that is particularly prone to disagreement, and whether it involves big-ticket items like the family home or small things, such as the tablecloth from Grandma, spouses...

When money becomes tight, it typically becomes necessary to choose which bills to pay first, and for many, the priorities become food and transportation. These choices may mean that money for rent may just not be available, and while most landlords will give tenants some leeway when payments are late simply due to the time...

One of the big questions of divorce is how to pay for the costs of ending the marriage, and more importantly, how does one weather the financial implications of losing both assets and income? The largest factor for many couples in this equation is property division, as this issue will determine what cushion, if any,...

The emotional and financial toll of divorce can urge many spouses to seek a quick dissolution of the marriage so they can move on to the next phase of life. If a divorce is uncontested or the couple is able to form an agreement, the road to a finalized divorce is relatively smooth and quick....