Divorce comes with unique monetary burdens. If you suddenly become fully responsible for bills or need to worry about child support payments, you may be scrambling to afford the process. It is crucial to tackle these new financial obligations head-on or else you may find yourself falling behind.
People considering divorce often have questions about alimony or spousal support. Whether you worry about having to pay an unreasonable amount or about not being able to survive financially after the divorce, some basic information about spousal support can help.
If you are one of the many people across New Hampshire currently considering filing for bankruptcy, you may justifiably have questions about how to do so, and whether it might be a smart financial move for you. You may also have questions about what type of bankruptcy might be right for you, and this will depend on many different factors. However, if you decide you want to pursue debt relief through a Chapter 7 bankruptcy, you must first pass a bankruptcy means test.
Getting a divorce will likely significantly impact you emotionally. It is hard to end your marriage, even if you know it is necessary. Along with the emotional difficulties come financial issues as well. If you do not prepare financially, your divorce may result in financial devastation.
Credit cards are useful financial tools when you use them correctly. Unfortunately, sometimes they may lead to financial trouble. If you use credit cards for emergency cash, long-term financing or quick solutions, they may end up hurting your credit and costing you a significant amount of money.
Social media may be a huge aspect of your life, especially when it comes to connecting with family and friends. You may use your social media accounts to share everything from personal accomplishments to funny pictures. While the internet can be beneficial to your life, it can do some serious damage if you do not use it properly, particularly while you are divorcing.
No divorce is exactly the same as another. Even if circumstances are similar, the details can make a world of difference. For instance, take a contested divorce in which one spouse used threatening language on the phone. Getting a restraining order might be more difficult because there is no record of the conversation. On the other hand, if the spouse had used text message, there would be a clear, written record of the language.
If you are overwhelmed and drowning in debt you cannot pay, harassed by creditors and facing a life of financial prison, you may consider bankruptcy as a viable alternative. Americans do not end up in trouble financially simply from overspending alone. There are many reasons that an individual or family may deal with crippling debt. Bankruptcy offers a fresh start to a positive financial future and may work for you if you are dealing with any of these situations.