The hustle and bustle of the holidays tend to keep people busy and focused on what is good in their lives. When Jan. 1 rolls around, the stark reality of their situations is brought back into focus. This is why in Michigan and elsewhere, divorce law attorneys and courts see an increase in divorce filings in January.
When drowning in debt, one's financial situation can feel hopeless. There are things that Michigan residents can do to turn this type of situation around. It is just a matter of taking stock of where one is at and then choosing the option -- whether that involves utilizing bankruptcy law or other debt relief tactics -- that would be of most benefit.
Numerous Michigan residents have credit card debt, and many of them are struggling to pay it down. This is not just a Michigan problem; it is actually a nationwide problem. Those whose credit card debt is out of control may turn to bankruptcy law for relief.
Many Michigan residents who have been through the divorce process still find themselves living with their exes. This may be because they have children they both wish to continue living with or because of the financial inability to move out of the shared home. No matter the reason, it is a living arrangement that can work, but there are some details that need to be figured out first. A divorce law attorney can help with that.
Most people have heard the phrase "more money, more problems." That particular aphorism often proves true in contentious divorces. The more assets a couple accumulates over the course of their marriage, the more likely they are to fight over those assets in a divorce.