Category: Finances
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What Actually Happens to Your Debt After You Get Divorced! (Pt 2)
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 gets divided when a couple gets divorced. A lot has to do with who earned the money that was spent, how it was…
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What Actually Happens to Your Debt After You Get Divorced! (Pt 1)
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 amazing how few people think about their debts, and how a divorce means dividing those as well.…
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Does The Current Child Support System Needs Some Serious Overhauling? (Pt 2)
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 there was an article published in the Boston Globe where correspondent Ruth Graham investigated the child support system as it exists today, and revealed…
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Does The Current Child Support System Needs Some Serious Overhauling? (Pt 1)
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 ’round the clock for years. But a similarly broken system that hardly gets a mention is the child…
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When Can I Stop Paying Child Support in Michigan?
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 a portion of the decisions that need to be made – another one is child support. And this one is almost…
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Am I Going to Have to Pay my Spouse’s Debts After we Get Divorced? (Pt 2)
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 is important to the court when figuring out who to assign it to, but why…
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Am I Going to Have to Pay My Spouse’s Debts After we Get Divorced? (Pt 1)
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 hear often. But one that comes up almost every time has to do with…
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Can I Consolidate my Child Support Debt in Michigan? (Pt 2)
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 an individual, can have some very serious consequences. And that’s what we’d like to share with…
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Can I Consolidate my Child Support Debt in Michigan?(Pt 1)
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 money to your ex, or to the state, for unpaid child support payments (called arrears in Michigan), then you need to know that you have options. So,…
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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…