How Did You Divorce? PDF Print E-mail

Laws making divorce easier, which came into vogue in the late 1960s, have made the experience less harrowing for many couples. The social stigma once attached to divorce has almost disappeared. However, the statistic that almost 1/2 of all marriages end in divorce seems to be an urban myth. Researcher George Barna"s most 2001 survey of Americans estimates that only 34 percent of those who have ever been married have ever been divorced. A 2005 report released by the National Center for Health Statistics (NCHS), based on a 1995 nationwide study of approximately 11,000 women ages 15-44, predicted that one-third of new marriages among younger people will end in divorce within 10 years and 43 percent within 15 years. So, not quite one-half, but still a considerable number of marriages will end eventually.

This is partly due to demographics; people live longer than they did 100 years ago, so there is much more time for relationships to go sour. In addition, better employment opportunities for women allow them to leave abusive or tepid marriages, whereas previous generations of women would have no choice, due to financial considerations, except to stay in such unions.

In cases of divorce, many couples make predictable mistakes. People start off by thinking they"re not going to lose their cool, or their money and property, and wind up doing just that. However, it is possible to avoid a lot of unnecessary grief by learning from the experiences of couples who have gone through the process.
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Are you getting Divorced because of Bankruptcy ? PDF Print E-mail

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Staying together after a bankruptcy is really tough. Not only do you have your private issues to work through, but you"re continuously getting conflicting monetary advice that can put you deeper in the ditch. Staying married is hard. That"s why so many people give up . However, a divorce declaration doesn"t change the fact that you are responsible for any credit held jointly.

When you open joint accounts you and your partner sign a legally binding agreement holding both of you responsible for the account. The divorce declaration is another binding agreement between two people who consent to divorce. It does not change previous agreements between you and other creditors.

It doesn"t matter to the creditor who actually made the charges (if it"s a credit card). It doesn"t matter who agreed to pay in the divorce decree. And it certainly doesn"t matter to the creditor that you"re getting a divorce. The creditor will try to collect from both borrowers.

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