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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.

2 Challenges Specific To Many Women During A Divorce

18 January 2018
 Categories: Law, Blog

It is no secret that a divorce is emotionally and physically challenging. There are many people who go through a divorce, but just because it is so common doesn't mean that it won't be hard. There are different challenges for men and women, so if you are the woman in the divorce you need to prepare yourself for specific challenges. Here are some things you should know.

1. Financial Instability

In many cases, the man is the primary breadwinner for the family and the woman's income is secondary if she works and she is responsible for the day-to-day care of the children. This means that during a divorce you should expect to see some financial instability. Money that you were used to depending on is no longer yours, but you will still have to pay bills for your children and your living expenses. Many women even experience poverty right after the divorce because the care of their children and their living expenses exceeds what they are making, even with the alimony payments.

This is why it is important that as soon as possible you do what you can to make a good living on your own. This may mean going back to school, taking classes on how to get better employment or even opening your own business. This will be the best way to improve your financial situation without being dependent on your ex-spouse and their payments of child support and alimony.

2. Burden Of Child Care

Many women are lucky enough to be given priority to custody when it comes to a divorce. Courts are generally nicer to the woman and the mother is given physical custody of the child. This means that you will get to have your child with you more often, but this also means that you have to care for your child without the help of another adult. When you go to work, you now have to work out some sort of childcare for your child. Even if they are in school you may have to arrange a way for them to get back and forth from their activities and so forth.

The best way to handle this is to live close to family and friends so that they can help with the care of your children, or search for employment that allows you to work from home.

These are some of the challenges that women specifically face during a divorce. For more information, contact a professional, such as Kent R. Stevens.