Credit card debt is one of the most pervasive debts in American society. In fact, the average American with credit card debt has about $15,000 to pay off, and for many people, declaring bankruptcy is the only solution.
You and your partner may be facing an end to your marriage, but you own property together. How will the division be handled?
Lawmakers have tried to reduce the volume of creditor harassment, but at the end of the day, many organizations encourage creditors to practice unfair tactics. According to one study, 40 percent of people in debt received at least four creditor calls a week, which constitutes harassment.
Couples in Colorado are not immune from the impact of divorce. In fact, Colorado had the 10th highest divorce rate in the country in January 2017, according to data from Metro USA.
Divorce is stressful enough without any additional worries to contend with. If either you or your ex has considerable debt, though, you will face the dilemma of determining how to handle this. Marriage is not just a union of two lives—it is also typically a union of finances. Separating finances and debt is a tricky issue that you should address carefully with help from a legal professional.
Having your wages garnished can turn out to be a nasty and stressful "surprise." You are likely already struggling with bills and debts, and now you are losing a significant portion of your income. The net effect can be that you no longer have all the money necessary for mortgage payments, food and other essentials.
There are numerous myths out there about divorce. One of the most common is that half of all marriages end in divorce. This has been around in some form for several decades. In actuality, the divorce rate has decreased throughout the United States and hit a new low in 2016.
When a married man and woman have a child, the husband is presumed to be the baby's father, even if he is not the biological father.
For many people, divorce means having to live on a leaner budget. It may also mean home downsizes and other big life changes.
Social media permeates every aspect of our lives these days. It is no wonder that it has a real effect on marriage and divorce. If you are prone to sharing your thoughts and daily life on social media, you might want to be careful as you get divorced.