December 2, 2014

Divorce Attorney Helps Settle Financial Matters

Divorce is a tedious and, oftentimes, sad process. Most couples who go through it face the struggle of letting go and starting over, especially when splitting the assets or deciding child support is at hand. One example of a divorce that has led to serious emotional and financial dilemma is that of a Florida congressman whose estranged wife raised concerns that she had been completely cut off from any financial support. The former wife was financially dependent on her husband, and claimed her support was abruptly cut, leaving her and her kids to fend for themselves:

Divided couples going through divorce can sometimes find themselves in financial trouble shortly after. When it comes to matters of finances, properties, and alimony, former partners might find themselves struggling to determine responsibility, such as in the previously cited case. It would be a wise move for couples to hire a divorce attorney to guide them throughout the process and help them both come to a reasonable financial settlement.

It is not uncommon for divorces to be accompanied by bankruptcies (either by one or both parties), especially when the economy is in a tenuous condition. Although filing for bankruptcy can protect one partner from increasing financial pressure, it does not exempt him or her from fulfilling court-ordered support. Couples who want to leave the relationship without financially destabilizing the other might want to enlist the aid of a skilled bankruptcy attorney with a background in divorce.

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