It’s often hard to know what came first: financial problems or the breakdown of the relationship. Generally, the two go hand in hand. To help me delve deeper into divorce and bankruptcy, my partner of Hoyes, Michalos, & Associates Inc., Ted Michalos joins me on today’s episode of Debt Free in 30.
Like many people Kevin (not his real name) never budgeted. Now divorced he found himself in over his head financially. Kevin and his now ex-spouse divorced 4 years ago. They share custody of three kids. Kevin has a decent income of about $3000 net per month, but pays support of about $800. He drives an […]
It’s one thing to suffer the indignities of old age; it’s another to have to do so inside the cloud of a late-in-life return to being single. So-called “grey divorce” is a somewhat unflattering term that refers to the demographic trend of an increasing divorce rate for older couples whose marriages have spanned a significant […]
Divorce can create some complicated financial problems. It is easy to understand why. Where two people were ‘sharing’ living expense before, they are now living individually and may not be sure who is responsible for what. Add in the complication that many times, when you separate, joint debt is involved. Both spouses may use one […]