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Divorce When There’s Nothing but Debt
The worst cases are the ones where there’s really nothing to divide but debt. It’s not that it’s hard; in fact, it’s no harder to divide debt than it is to divide most other assets (and it’s easier than some, like 401(k)s). It’s mostly that, at the end of the day, absolutely no one is…
Will you firm work with me?
I was talking to a woman the other day who sort of surprised me. “I have ADHD and Asperger’s,” she said. “I know it’s not always easy, and people get frustrated with me. Would you firm be able to work with me?” I was surprised she asked, for one thing. Though many of us have…
We’ve always had separate accounts – so we’re good, right?
I’m always surprised at just how many people maintain separate bank accounts throughout the entirety of their marriage. Though I definitely understand the desire to keep things separate – and maybe to share expenses in a mutually owned household account – I do think that it often causes confusion about what is marital property…
Divorce and Your Credit Score
You credit score is probably one of those things that you don’t think about all that often. After all, it’s not like it’s something that you need to use very often. In a divorce, though, I’ve found that it’s often one of the first things that slips. Almost immediately after the parties start to…
Do I need a Virginia family law attorney if…
It’s probably no secret to you that an attorney isn’t necessary in absolutely every case ever. In some cases, there’s really no need to hire an attorney – as I was reminded yesterday in a conversation that I had with a really sweet prospective client. The thing is, though, that it’s really hard to…
Credit Card Debt and Virginia Divorce
Debt is challenging under the best of circumstances, but when you’re considering a legal separation or a divorce, it can be a particularly challenging extra layer of complication. On its face, dividing debt is the same as dividing assets – in most cases, we look to the source of the debt, classify it as…
How is debt divided in Virginia divorce?
After the market crashed in 2008, we handled a lot of cases where there was more debt than anything else. It was terrible. Houses were underwater, and I’ve never seen such high credit card debt. In fact, at that point, it seemed like a lot of people decided to stay together because they really couldn’t…
Refinancing in Virginia Divorce: 3 Things to Know
3 Things to Keep in Mind When Refinancing Your Home Real property is often one of the biggest items to address in divorce and we have to figure out what will happen to it. A lot of our clients tell us they want to keep living in the former marital home after the divorce, which…
Money in Divorce
Worrying about money is the worst. When you’re not quite sure how you’re going to pay your bills, keep a roof over your head, provide for your children, save for retirement, hire a divorce attorney, and put food in everyone’s bellies, it’s a concern. Not to mention all the little extras that come up, and…
How is debt divided in Virginia divorce?
Everything gets divided in divorce—including the debt. If you really think about it, it’s not all that surprising. If you get half the dishes and he takes half the dish towels, certainly at some point you’re going to start talking about that Sears card. Or the line of credit that helped you renovate your kitchen….
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