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3 reasons men might need spousal support

There is a cultural revolution underway, calling into question many of the assumptions that have defined gender roles for decades. This progress has benefitted women greatly, but men have also been freed from many of the outdated pressures of being breadwinners solely because of their gender. In turn, there has been an increase in the number of men seeking alimony support after a divorce.

According to Time, only 3 percent of alimony recipients are men. Needless to say, however, men might need spousal support just as much as any woman. The following are three potential reasons men going through a divorce should consider requesting alimony from their spouse.

Creating a workable parenting schedule after divorce

There are a number of ways that separated parents in New York can approach creating a parenting schedule that will work for everyone involved. Parents should start by thinking about how the situation looks for their children and what they stand to gain or lose.

The parenting schedule is not an opportunity for one parent to "win" while the other loses, nor should it be used as a weapon to get back at an ex. Parents should focus on the best interests of the children when creating the schedule. This could mean thinking about how to maintain some consistency, such as keeping the same babysitter the children are used to.

Filing quickly can help alleviate bankruptcy pain

Filing for bankruptcy can offer the potential for a new financial future for people in New York struggling with the weight of insurmountable debt. Despite the potential benefits of bankruptcy, however, many individuals hesitate before filing. In some cases, people regard bankruptcy filings as a type of failure on a personal and financial level and thus may be hesitant to take that step. However, the consequences of waiting can cause someone to be in a far deeper financial hole from which to emerge.

According to one 2018 study, those who wait the longest to file for bankruptcy often struggle the most during the process. It can be more difficult for people who wait longer to file to recover from their financial situations, especially given the additional deterioration that can occur when a filing is postponed for years.

Preparing for post-divorce financial planning

When people in New York decide to divorce, the financial repercussions can be significant. While every divorce is unique and carries its own characteristics, there are a few universal principles that can help future exes avoid costly oversights or errors during the process. The post-divorce period can also bring a number of changes in lifestyle.

For example, the marital home can often be a key financial issue in a divorce. In many cases, one or both of the partners may wish to keep the house for their post-divorce life. In many cases, however, this is unrealistic for either partner. Running two households on the same incomes that previously ran one household is more expensive, and the marital home may not be a financially viable choice for either partner post-divorce. Instead, selling the home may be a more responsible way to handle the housing question.

Red flags that can signal a spouse hiding assets

You worked to support your husband during the early days of your marriage while he completed his college education. Like many other New York wives, you stayed at home when your children were young because it was more affordable than paying for child care. Once the kids got older, you got a part-time job for extra income, since your husband was making more than enough money to keep your family comfortable.

Unfortunately, your financial situation has changed drastically now that you are split up. Your husband is still well-off, but you are struggling. Even worse, you suspect he might be hiding marital assets that could help you after your divorce.

Child support statistics for single parents

Parents in New York may benefit from learning about the statistics revealed in the Custodial Mothers and Father and Their Child Support report that is released by the United States Census Bureau every couple of years. The latest version, which was released in January 2016, provides information that contradicts assertions made by some political commentators that single parents are receiving too much child support.

The report provides an accurate glimpse of the number of single parents who have an informal or formal child support order that is in place. It also reveals how much money is owed to parents versus how much they actually receive.

4 mistakes to avoid when child custody is being decided

If you are engaged in a child custody clash with your former spouse, it is important for the court to have a good opinion of you and your efforts to care for your child.

A New York judge will always keep the best interests of your son or daughter in mind when determining which parent should have custody. Here are four mistakes to avoid when the custody battle heats up:

Documentary looks at child support, African-American fathers

Some New York fathers who fall behind on child support and lose touch with their children may do so because of a lack of money and an inability to navigate the system and not because they do not care. A documentary looks at how African-American fathers are disproportionately harmed by aspects of the child support system.

According to a study by the Urban Institute, 70 percent of child support debt is owed by parents whose annual incomes are under $10,000. African-American fathers make up a number of these parents, and while there is a stereotype that they are neglectful fathers, this is simply not the case. Instead, they face a number of barriers.

Divorce is a time to quit social media

Social media has had a profound impact on people's lives. In fact, it can play a role in people's marriages. Research suggests many couples fight over how much time one or both partners spend on Facebook, and many people end up hiding their passwords to these accounts from their partners. 

In the event a marriage ends in divorce, both spouses will need to hire attorneys and figure out how to divide assets. This is stressful on its own, and you should not give yourself any more stress by being active on social media during this time. It will be bad for you emotionally, and you may even end up incriminating yourself. 

How bankruptcy can help reduce debt

Bankruptcy is often the most effective way to eliminate major debts. By filing, New York residents could reduce or eliminate their credit card, medical and other outstanding balances. However, it is important to note that not all debts can be eliminated. Student loan debt generally cannot be discharged, regardless of whether a person files for Chapter 7 or Chapter 13 protection.

While bankruptcy can be beneficial, there are also several pitfalls to consider. For instance, a Chapter 7 filing will stay on a credit report for 10 years while a Chapter 13 filing will remain for seven years. It may also be harder to get a mortgage or other forms of credit for many years after filing. However, bankruptcy is often better than using retirement savings to pay off debt balances.

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