The Financial Divorce Blog » Credit

Handling Debts in Divorce

Dkane — Wed, 27 Jan 2010 01:35:21 +0000

Handling your debts in the divorce can break you financially if handled incorrectly. Most individuals we meet are more concerned about the asset (property) side of the equation and often overlook the liability (debt) side of the equation. Divorce settlement proceedings often break down when it comes to dividing up the debt in [...]

Divorce Information Tips and Strategies to Protect Your Finances

Dkane — Mon, 07 Dec 2009 22:03:02 +0000

No one goes into their marriage thinking that they are going to have to pull things apart and pick-up the sometimes unfamiliar role of managing their finances. To some, this is what they are used to dealing with and to others, it becomes a very stressful task that is piled onto an already stressful [...]

Divorce, Debt and Credit Accounts

Dakane — Sun, 23 Aug 2009 22:01:37 +0000

Most people understand the importance of good credit in starting a new, independent life after a divorce. Unfortunately, many people find that their credit is damaged due to circumstances that occurred during the marriage. In addition to repairing damaged credit and building good credit (topics for future articles), cleaning up your accounts is a [...]

Bankruptcy and Divorce

Dakane — Sat, 20 Jun 2009 20:45:21 +0000

There are several issues to consider when contemplating a bankruptcy filing as part of a divorce. Certain debts are dischargeable and others are not. The following divorce related debts are not dischargeable in a bankruptcy filing:

Taxes (federal, state, real estate, etc) Child support Alimony (aka Spousal Support or Maintenance)

Debts arising from a marital settlement [...]

Preparing For the Divorce – Assessing Your Financial Condition

Dkane — Fri, 05 Jun 2009 03:46:11 +0000

One of the situations that we see in many family situations is where one spouse is the primary caretaker of the financial obligations for the family. That person may have been in charge of paying the bills, setting up the investment accounts, making investment decisions (stocks, bonds, real estate, mutual funds, etc.), buying and maintaining [...]