If you and your spouse owe a lot of credit card debt, you may not like the way it’s handled after your divorce… Hi there. Welcome back to this look at what happens to your debt after you get divorced. As we mentioned in the previous article, there is no cut-and-dried explanation for how debt […]
Archive | Finances
What Actually Happens to Your Debt After You Get Divorced! (Pt 1)
Credit card debt is a big one – and causes a lot of problems for divorcing couples. For most people, when they think about what they need to address during a divorce, they tend to think about dividing up their stuff. Who gets the car? Who keeps the house? Who inherits the camper? But it’s […]
Does The Current Child Support System Needs Some Serious Overhauling? (Pt 2)
The roles that were common for men and women in the 1970s provide the model for today’s child support system. But things have changed. Welcome back and thanks for joining us for the wrap up on this chat about the current child support system. As we mentioned in the previous article, a few years ago […]
Does The Current Child Support System Needs Some Serious Overhauling? (Pt 1)
An interesting article calls into question all the foundational ideas the current child support system is based on. A lot of time and energy gets spent exposing the flaws in the child welfare system (as it should!) because, let’s face it – there’s enough wrong with that entire system to keep a thousand analysts working […]
When Can I Stop Paying Child Support in Michigan?
Paying child support monthly over the course of many years can add up to a lot of cash over the time. In most cases, when parents get divorced, they have to work out a custody agreement to determine which parent gets to spend time with their children and when. But visitation and custody are only […]
Am I Going to Have to Pay my Spouse’s Debts After we Get Divorced? (Pt 2)
Having to crack into your savings to take on debts that weren’t yours is awful! Hi there. We’re glad you could join us again for this discussion on marital debts, and who gets stuck paying what when the time comes to pull the plug. As we mentioned in the previous article, who accrued the debt […]
Am I Going to Have to Pay My Spouse’s Debts After we Get Divorced? (Pt 1)
Paying off debt is no fun. Paying off someone else’s debt is the worst! When people get divorced, the issue of money is usually one of the first things to come up. Questions like, “Will I get to keep my money?” and “Am I going to have to share my retirement account?” are things we […]
Can I Consolidate my Child Support Debt in Michigan? (Pt 2)
Owing a lot of child support can have a huge impact on your future finances, and Hey there! Welcome back and thanks for joining us for this discussion about paying off child support, and how you can consolidate your arrears. As we mentioned in the previous article, owing child support to the state, or to […]
Can I Consolidate my Child Support Debt in Michigan?(Pt 1)
The amount you owe in arrears will only continue to build if you don’t find a way to address it, and make payments on what you owe. Unpaid child support can have a profound impact on your finances, and on your future. So what can you do about it? If you owe a lot of […]
Will I Have to Pay my Spouse’s Credit Card Debt When I Get Divorced?
You wouldn’t believe how often this one comes up in our offices! And it’s hard to blame people for being frustrated about it. After all, being married to someone who’s spent the last few years (or decades!) nickel-and-diming you to death can be very stressful. And it certainly doesn’t seem fair to ask one […]
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