Your children are young, and you’ve always wanted to provide everything they wanted. Unfortunately, over time, that desire has meant that you’ve added hundreds of dollars onto credit cards. You’ve had amazing vacations and spent thousands on gifts and toys, but in the...
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How are assets divided in a divorce?
Whether you and your spouse have significant wealth, considerable debt or only a few assets, you need to know what happens to property when you divorce. After all, you and your soon-to-be ex-spouse likely have a keen interest in receiving as much of the marital estate...
Divorce has more financial risks when you’re close to retirement
Older adults have been considering divorce at higher rates than in decades past. Couples who have been together for decades may now find that, with their children and retirement looming, they are not happy in their existing relationship. Gray divorces, or divorces...
In debt after divorce? Bankruptcy could help.
When your spouse decided to get a divorce, you were shocked. You’re both in your 60’s, and you have significant debt to your name. You never expected to be dealing with such a large share of debt this late in life, especially since you’d both planned on how to pay it...
How often can you declare bankruptcy?
Let’s say you use Chapter 7 bankruptcy when your debt becomes overwhelming. You need that fresh start. The debt wasn’t your fault -- your company went under and you lost your job -- but you still had to do something about it. You used bankruptcy to eliminate it. ...