Can Alimony Be Modified?
After a divorce settlement is reached, it is not necessarily set in stone. Someone’s life can drastically change in an instant, such as a job loss. If you are divorced and your financial situation has changed significantly, you may be able to have your alimony payments modified. An alimony agreement has terms that specify whether or not it can be…
What Happens to Debt in Divorce?
Divorcing couples are rightly concerned about the division of property. The reality is that the division of debt is just as important as the division of assets. Divorcing spouses need to protect themselves from nonpayment of loans and other debt that could ruin their credit score and cause financial devastation after a divorce. Minimizing exposure to debt concerns must be…