Having to work with your ex might be very low on the list of things that you want to do in the upcoming years. Unfortunately, you will need to do just that if you have children together. This means that you will have to work as a team in some instances.
Getting yourself back on track financially can seem overwhelming or impossible when you are carrying a tax burden related to your personal income taxes. While any debt burden may present serious issues, owing the federal government is even more stressful for some individuals because it has broad power to reach in and take assets or freeze accounts that other parties simply do not have, or cannot achieve as easily.
In almost all cases, parents have difficulty getting used to sharing custody. This is a normal experience shared by thousands of families throughout the country who face court orders that do not fit comfortably into their new lives.
If you're a stepparent in Michigan, it's not unusual for you to form a strong parental bond with the children of your spouse. In fact, your love for your stepchildren could be so strong that you decide to adopt them.
If you've reached a point where your financial obligations outpace your ability to handle them, you may need to consider filing bankruptcy. For many people with a lot of medical debt, credit card debt or accounts in collections, bankruptcy can offer relief from collections activity and a fresh start for building a better financial future. If you're considering bankruptcy, one of the first decisions you'll make will be whether to pursue Chapter 7 or Chapter 13 bankruptcy.
When parents divorce, working out fair parenting and child support agreements is crucial to providing for the children in the marriage. Among the many issues all divorcing parents should address, medical child support is one of the most important. In some instances, parents get lucky and never have to deal with major medical expenses for their children. However, if a child does need medical care at some point, one or both parents must pay for any expenses not covered by medical insurance.
If you face a divorce as the primary provider between you and your spouse, you may find yourself on the hook for ongoing spousal support payments. For many people, remaining legally or financially tied to an ex-spouse is not an arrangement they want to continue living in. On top of this, ongoing payments to an ex-spouse can create complex issues in your personal finances.
When you and your child's other parent split up, the court usually hands down a custody order to provide guidelines around how you divide up parenting responsibilities. However, if you're like many parents, you eventually find that the original order simply does not fit your lives anymore.
One of the most common concerns of people considering using bankruptcy is whether or not it is possible to file for bankruptcy and still keep the house. If you're like millions of Americans, your home is your most valuable possession, in addition to being the roof over your head.
Unmanageable debt can happen any number of ways, and it happens far more often than you might think. Fortunately, the courts retain the right to discharge many kinds of debt for individuals who qualify for bankruptcy and follow the proper procedures.