2. How can we deal with our expenses and financial obligations during the divorce?
Divorce produces extremely unique financial problems. Most people are facing the tension of
exactly how do manage our bills and bad debts throughout the divorce. It has been seen, that
due to divorce, there are numerous causes, like worry of inadequate child support or career
growth, which makes it challenging for a female to survive better financially. Although the
lifestyle of the spouse may develop by as much as 10%, the wife’s standard may fall by 3 times
more. So it becomes much more necessary to get a friendly option to this vexing difficulty of
deciding who is to clear the liabilities while in divorce process.
Supposing that both partners are understanding, they would sit down and make a list of the bills
and bad debts. These consist of each and every debt sustained from the shared marital house,
like credit card expenses, motor loans, home mortgage loan etc. Then comes the most difficult
factor, as to who would remain in the marital home. It is often decided that the party wishing to
retain title of the marital property, will automatically keep up with the pending and present utility
payments. The home loan repayments, if any, should even be handled by the partner choosing
to stay back. However in case of debit or credit card expenses, it is only fair they must be
compensated by the spouse who has created them in the first place. Having said, things are not
so uncomplicated like they seem to be and there are constantly conflicting claims between
spouses in such difficulties. Therefore only an aggressive and experienced consultant with
reduced fees, like Queens Divorce Attorney will be of help.
Zelenitz, Shapiro & D’Agostino
138-44 Queens Blvd #2
Queens, New York 11435
(718) 523-1111
https://www.youtube.com/watch?v=1c5jbA_r8_4