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How Marital Debts are Distributed During Divorce

Joint debts can be a tough issue in a divorce. These debts may have terms longer than the duration of the marriage. These debts can also be a painful reminder of the marriage. Nevertheless, knowing who pays what can help you to better prepare for your transition into life as a single income earner.  In … Continued

Business Ownership and Divorce

The theory of what occurs in a divorce can be summed up briefly--a legal union is severed, thus separating two people’s lives from one another. However, in practice, divorce is never that simple.  There are a whole host of possible scenarios that can add to the complexity of a divorce. While there is a myriad … Continued

Dividing a Business After Divorce

Divorces are hard enough but when a business is at stake, they become a whole new world of complicated.   This article aims to provide you with a brief overview of the topic of businesses in a divorce. Type of Business Businesses can generally be classified as service-oriented, product-oriented, or some combination of the two. Product-Oriented … Continued

Essentials Of Dividing A Business In Divorce

Colorado Springs business owners face unique challenges in a divorce when it comes around to dividing a business. Not only will a court divide the business, but it may also award the spouse a monthly support payment, called maintenance. Even a well written prenuptial agreement may not be enough to protect the assets of your business. … Continued

Splitting Personal Property in Divorce

One of the most common questions that run through someone’s mind when thinking about divorce and splitting personal property, “What’s going to happen with my stuff?” The process of divorce can be complicated. The Court is tasked with taking two people’s lives that have been inextricably intertwined, figuring out some information about the individuals, and … Continued

How Does Divorce Affect a Business?

Two of the most common binding contracts between people include marriage and business partnerships. If you are considering divorcing someone with whom you own a business, or are planning to divorce someone who owns their own business, your situation will present some unique challenges that are best left to an attorney to handle. Divorce When … Continued

Avoiding Bankruptcy After Divorce

According to research, one in ten bankruptcy petitions involve bankruptcy. Divorce is a financial challenge, but it doesn’t have to lead to bankruptcy. With the help of a skilled lawyer, you can create the right legal and financial plan to prevent bankruptcy and protect your financial security and your future. The Link Between Divorce and … Continued

Common Reasons Couples Turn to Divorce

When a marriage is troubled, the last thing people want to do is worry about divorce. Just the thought of splitting up a marriage may be too much for some to handle, however, it is important to take a break and evaluate whether or not you want to continue down a troubled road, or move … Continued

Keep an Indisputable Record of Maintenance and Child Support Payments

In the event that you become responsible for paying child support and/or spousal maintenance, it is essential that you keep a detailed record of each payment made. If ordered to pay child support, it is likely to be for a period of several years. The duration of a spousal support order varies depending on the … Continued

Bankruptcy and Divorce: A True Fresh Start

We’ve all heard the phrase “drowning in debt.” We’ve also heard the phrase “treading water.” If, when it comes to your debt, you are “treading water” but know you’ll soon get divorced, this article is for you. Debt is Shared Equally Jack and Jill are getting divorced. They have approximately $30,000 in debt due to … Continued