Q: As a result of my divorce, I'm left with more debt than I can handle. Is there an alternative to bankruptcy?
Excerpt : One of the often-unintended consequences of divorce is the burdensome debt that was formerly handled by two, now to be handled by one. Creditors hold both spouses liable for debt incurred during the
One of the often-unintended consequences of divorce is the burdensome debt that was formerly handled by two, now to be handled by one. Creditors hold both spouses liable for debt incurred during the marriage. Any agreement between the spouses regarding who is responsible to pay the debt need not be
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Practical Solutions To Divorce & Custody Concerns
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Also see :
How to Stop Your Divorce
You have invested a lot of time and energy in your marriage. For
some reason, you just can't seem to make things work. You and
your mate aren't talking to each other like you used to; you
have started to sleep separately; or perhaps you or your...read more
You Were Served Divorce Papers? A 3 Day Action Plan
Copyright 2005 The Divorce Center P.A.
Today
* Don't panic - best decisions are made with a cool, calm head *
Sit down, relax, and read the divorce papers several times. *
Don't call your spouse in anger - no contact is best for now....read more
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recognized by the creditor.
To avoid bankruptcy, one must become acquainted with bankruptcy law. You must determine you income/expenses and your assets/liabilities. If you have the ability to fund settlements with the creditors, you should avoid bankruptcy.
Other than just paying you debts in
full, one option to avoid bankruptcy is to compare debt consolidation with debt negotiation. Debt consolidation is a payment plan in favor of your creditors to pay the debts in full over time with interest. Debt negotiation, however, provides for discounted cash settlements, which are customized to you
Also see :
Divorce - How to Survive Financially
When considering divorce and its financial consequences, it may at times seem hard to believe that anyone can survive it. Vengeful wives have been known to max out their husbands’ credit cards prior to a divorce settlement and deadbeat dads have...read more
How to Prevent a Custody Battle After Divorce.
I recently marked the six-year anniversary of my custody battle. I have learned vital lessons that I want to share with all parents. Divorce yourself emotionally from your former spouse. Mind your own business. Their life is no longer married to...read more
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ability to fund.
Most people are unaware of the possibility of negotiating with creditors to reduce the amount of money they owe them. I recommend that you seek out a professional - one who is not emotionally involved - who has experience handling creditors to give you a fair assessment of what the
Also see :
WHY WOMEN SHOULD DATE AFTER DIVORCE
Divorce is a major life change and so it's usually very stressful. This is why you may be experiencing a lot of nervous tension and poor sleep (and why you need to start taking care of yourself and your health). When it comes to...read more
When To Use A Divorce Lawyer And When To Avoid One
The topic of divorce is never pleasant and usually painful, but if you find yourself at the end of a marriage, it may be your only logical options. Individuals choose to enter divorce proceedings for a variety of reasons, but usually the more...read more
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outcome of this strategy might be for you. In addition, arrangements can be made to minimize the negativity on your credit report.
About the Author
CuraDebt.com is a center for helping consumers nationwide become debt free without filing bankruptcy. The agency provides a FREE Debt Freedom plan
Also see :
Arrangements After Divorce
Maintenance. After a divorce there is an obligation to maintain one’s spouse. This applies to both women and men. The less well-off partner can demand a financial settlement from the other. It can be an immediate payment of capital or the...read more
Divorce, The Hardest Thing You Have To Do
Divorce. The word itself scares many people. The thought that all that you have worked for within your marriage has failed is enough to wreck lives. But, once your head clears enough to see through the tears and fights, you will need to begin your...read more
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consultation at 1-877-850-DEBT(3328) or on the web site: http://www.curadebt.com/a/1242
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Now You Can Stop Your Indecision & Pain About
Whether to Stay Married or Get a Divorce!
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