Divorce and Bankruptcy
Divorce can be complicated even in the best of circumstances, but it can be even more difficult when a couple is experiencing financial difficulties. In some cases, divorce intersects with bankruptcy. One or both parties may feel the need to file for bankruptcy. You may wonder how to resolve divorce when bankruptcy is one of the issues. A knowledgeable divorce attorney will answer your questions and help guide you through the divorce process.
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What is the Difference Between Assets and Income?
Divorce requires you and your spouse to identify and divide all your property and assets. In North Carolina, the law provides for an equal or equitable distribution of marital property in divorce. Both spouses must provide their financial information that details their assets. You must identify your marital and separate property as well as disclose your income as part of the divorce proceedings. An experienced divorce attorney will assist you through the divorce process from start to finish.
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Who Keeps the Home in a Divorce?
The marital home is likely one of the most valuable of all your assets. When couples divorce, they need to come to an agreement about how to divide their property, including the house. It is important to have a good understanding of your options so you can make a decision that is best for you and your family. A knowledgeable divorce attorney will answer your questions and help you through the process to achieve an equal distribution of your assets.
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No-Fault Divorce in North Carolina
In years gone by, when couples wanted to divorce, they had to have a good reason to do so. The legal reasons for divorce are also called grounds for divorce. Today, every state in the country has no-fault divorce. The rules or qualifications for obtaining a no-fault divorce vary by state. North Carolina has some requirements for a no-fault divorce. In North Carolina, divorce is also called by the legal name of absolute divorce. This simply means that a couple ends their marriage completely.
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We Were Married in Another State – Can I File for Divorce in North Carolina?
As Americans, we move around a lot. The ease of transportation and the use of cell phones make it easier than ever to move out of state. In fact, more than 8 million people a year move between states. That means that it is likely that you are living in a different place than where you got married. While that is quite common, many people wonder how that impacts their ability to seek a divorce. It is helpful to understand the requirements and rules for obtaining a divorce in North Carolina.
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Avoid These Five Divorce Mistakes
Divorce is not only stressful, it can also be costly. When you are ending your marriage, you will want to avoid some mistakes that could end up being very costly. Here are five mistakes to avoid when getting a divorce.
Leaving in Haste
Asset and Property Division in North Carolina Divorce
Going through a divorce is not always easy. It can be one of the most stressful times in your life. As you go through the divorce process, you and your spouse will need to discuss how to divide your property. Finances are often the most divisive part of a divorce. Even amicable splits can turn acrimonious when it comes to asset and property division. A knowledgeable divorce attorney will guide you through the divorce process and help make things easier and less stressful.
Types of Property
Which Spouse is Allowed to Live in the Marital Home During Separation?
Owning a home is the American dream. When a couple purchases their own home, it often gives them a sense of peace and joy. It is wonderful to own a home with your spouse, but what happens if you decide to separate and divorce? Many couples wonder which spouse will be able to remain in the home and which will need to move out. It is helpful to understand separation and divorce in North Carolina. An experienced divorce attorney will help guide you through the process.
Separation Requirement
January is Fresh Start Month
January has long been known as the month of fresh starts. Many people make New Year’s resolutions. These are promises to themselves to make things better in the coming year. Common resolutions include improvements in diet, fitness, and work. Those who are struggling with inadequate marriages may consider divorce. January is one of the most common months for people to separate and divorce. North Carolina has specific laws that you must follow in order to end your marriage. An experienced divorce attorney will help guide you through the process.
What is a No-Fault Divorce?
Five Things to Know About Spousal Support in North Carolina
Divorce can be difficult and even the most agreeable couples often get into disagreements over the settlement. The main areas of settlement, such as the distribution of assets and child support, can be somewhat straightforward in some instances. What can be in dispute is the financial support of a spouse. Also called alimony, spousal support is sometimes a necessity when one partner is not able to make ends meet without it. A knowledgeable divorce attorney will guide you through the divorce process and assist you with spousal support matters.
Spousal Support is Not Automatic
Charlotte Divorce Lawyer Blog