Your Guide to Debt and BankruptcyYour Guide to Debt and Bankruptcy

About Me

Your Guide to Debt and Bankruptcy

About 10 years ago, I secured my dream job with one of the largest corporations in the country. The job came with a substantial increase in pay and I soon looked for a large house for my family. After living the life I dreamed of, I was let go from my current position. I had a large amount of savings, but the economy took a turn for the worse and savings were quickly drained. I soon became stressed about finances. I could not pay the mortgage and bill collectors started to call my house. I refused to be defeated though, so I met with a bankruptcy attorney instead. I live a much simpler life now with my family, and I want you to know that financial stress does not have to affect you for years. Read my blog to learn about bankruptcy, debt laws, and how to hire an attorney.

3 Things You Can Do To Keep Your Divorce Amicable

Going through a divorce is a life altering experience. Even if the divorce is the best thing for your family and for you personally, there will still be a lot of stress involved as you transition to your new life and work out the details of the arrangements. Many divorces become very messy and the couple fights the entire time, while others are amicable and run smoothly. Here are a couple things that you can do to help your divorce be amicable even if it is stressful.

1. Be Honest About Assets

When you start the divorce process, you will be asked to disclose all of your bank accounts, assets, debts, and any other pertinent financial information. Even though you will have a chance to discuss these things, there will still be a period of discovery. This is when both party's lawyers go through and research the worth of the estate, what you have in assets and so forth. If you are not honest and try to hide things, it won't only prolong the process it could get you in trouble with the court and create tension. This is why it is best if you will simply be upfront about all of your financial records so that it can be divided appropriately.

2. Make Mediation Work

Mediation is one of the best things for divorcing couples. In fact, some judges will refuse to even look at your situation until you have done some sort of mediation, or also called court-ordered mediation. When you go through mediation, you should do everything in your power to make it work. If you or your spouse is being completely unreasonable, you may have to take it to court. However, in most cases if both parties are ready to compromise, the divorce can be settled smoothly and in the best way for both individuals. In addition, it will save you a great deal of time and money to resolve the divorce through mediation.

3. Put Your Children's Needs First

If you have children, you will probably have to arrange a custody agreement. Custody can be one of the most touchy and stressful subjects during a divorce. This is why it is vital that you put the needs of the children first, and never use your child as leverage against your spouse. Custody shouldn't be used as a weapon to hurt the other individual; instead, you should seriously think of what is in the best interest of the child and then choose an agreement based on that decision.

By doing these simple things, you can keep your divorce amicable which will save you money and time. 

For more tips and legal advice, talk with a divorce lawyer in your area, such as those at Tolman Kirk Clucas PLLC.