Though finances are one of the leading causes of divorce, going through a divorce is an expensive process in itself. For those already in a pressing financial predicament, bankruptcy may help to bring some relief.
Bankruptcy is a way for individuals to find their way back to a positive financial footing. Though bankruptcy filings have grown over the years, many people still have strong misconceptions about the process and its effects.
When there are children involved in divorce, it is critical to try to provide them with as much stability as possible. In the eyes of the court, it must be clear that both parents want to invest in the well-being of the kids. Otherwise, certain determinations may occur to ensure it.
Couples used to be required to live apart for a year before they could file for divorce. In 2015, a law was passed allowing couples without minor children to forgo this step. Now, they can file relatively quickly if they already have a written agreement about their property division in place. What do you need to consider in your agreement? Here are some of the important points to include.