People in New Hampshire live free, but they also owe more than the average American. Financial stress and piles of debt can unnecessarily complicate someone's goals.
Many people in New Hampshire experience financial challenges at some point of time. Sometimes, these challenges are temporary and can be absorbed into a person's budget. However, other times the challenges are so great or so long-lasting, that a person is simply unable to cope with them. People in dire financial straits may have heard that one way to address their many debts is through filing for Chapter 7 bankruptcy. However, they may be concerned that they will lose all their property in the process and will be left with nothing.
In general, courts in New Hampshire prefer to arrange for shared custody scenarios in a divorce involving minor children. Although there was once a time when courts often favored one parent over the other, years of psychological and sociological research have made it clear that children have fewer negative consequences when they maintain healthy, balanced relationships with both parents.
Bankruptcy is one of those things which everyone knows can happen, but nobody likes to think about -- until debts pile up, and they have no choice.
The United States can appear divided over many issues, including the causes and effects of mass incarceration. However, parents can rally around the fact that children are negatively impacted by their guardians' criminal behavior. Recent research indicates that we do not fully understand the emotional and financial toll of having parents behind bars.
People in New Hampshire can find themselves facing hard financial times through no fault of their own. For example, they may have been laid off from work forcing them to use credit cards for daily expenses or they may have incurred hefty medical bills following a serious illness. When a person simply cannot pay back all their debts, they may want to consider filing for bankruptcy.
If you are like many people considering divorce, you may do not want to make any big decisions before the holidays. People with children especially, tend to want to experience at least one more holiday season as a family unit before calling it quits. By the time Christmas break comes to an end, however, many have made up their minds.
It's official. You are worried about debt. If you are not, someone nearby certainly is. A study of financial stress showed that New Hampshire residents are suffering emotional stress because they are concerned about paying back debts. The only financial stress equal to debt is worrying about not being able to afford a life-event emergency.
Many people in New Hampshire do not think about taxes much until April rolls around. However, for couples contemplating divorce, decisions made during the divorce process could affect how much they pay in taxes down the road. Therefore, it is important to understand how decisions made during the divorce process could affect their taxes.
Outside the legal realm, few people deal with divorce more than once or twice in their life. As a result, New Hampshire's new approach to spousal support during separation or after divorce may have passed below the radar of some of the people it may affect.