Filing for bankruptcy & divorce at the same time can be challenging to manage. Divorce can be an ideal solution for an individual or a couple, depending on their financial situation. A divorce will split your assets and will also split your debt. However, you might still end up paying for your spouse's share of the debt, depending on the terms of your divorce settlement.
Benefits of Declaring Bankruptcy In Divorce
If you are contemplating legal separation or divorce from your spouse, consider hiring an appropriate divorce attorney. For both the husband & the wife, the divorce process is very upsetting. To a large degree, this affects the children. This makes it necessary for you to employ an expert divorce attorney to make the process easier for you and your family.
Types of Divorces
Divorce is one of the most traumatic & heart-wrenching events a person has to go through throughout their life. It is incredibly emotional and will include others around you, your parents, family, coworkers, and kids. This is why it is so essential for you to address this for what it is- a severe sequence of events and decisions. This may be the difference between custody of your children, visitation rights, or being dragged to the cleaners.
A well-drafted & designed custody plan can provide protection for children and flexibility for parents. Parents may love to spend as much time with the children as possible. Perhaps even share time equally with the children, but the need for a strong, stable environment should be of greatest concern.
Cases of child custody will always be intense, fraught affairs. It is imperative for you, though, to attempt to keep matters polite. A break-up or a divorce may be the factors for the need for a custody dispute. However, regardless of the situation, you need to concentrate on ensuring that the process takes proper care of children.
California, like many other states, has a set of laws specifying the child custody rules. In California, the California Family Code says that the court can make any order that seems necessary or proper-Sec. 3022 concerning a child that is still a minor during a divorce proceeding or afterward.
Having a board-certified specialist on your side during a family law dispute can make the difference between having full custody of your children or losing them. It can also make the difference in where you will now live or other serious issues that go on within California family law. You want the best possible Family Law Attorney; you can afford to take care of you during a time like this. Having a professional Family Law Attorney in Orange County who is certified by the board means you should feel confident going into your court situation, no matter how messed up it is.
If you are already providing child support, you know that in California Family Law Courts, there is a common procedure adopted by the courts to decide the payment that the paying party will contribute to the custodial parent. In general, both individuals have a financial responsibility to protect their children, and this commitment is decided by the popular “Dissomaster” method. This tax-based policy takes into consideration the incomes of both parents, the time each spent with the children, etc.
Alimony or spousal support is court-ordered financial assistance that works to keep one party in a divorce from taking advantage of the other because of unequal financial situations. In many marriages, one spouse possesses an unequal percentage of family income. To prevent one spouse from using their financial inequality to disadvantage their spouse, the courts can order that one spouse pays support to the other.
Adoption regulations are different from state to state. In fact, you will also need to know the federal rules and procedures if you are planning an adoption. Adoption regulations are constantly witnessing revisions, as with all laws. Understanding the laws of adoption will assist you in speculating about your financial obligations and responsibilities. It would also benefit if you chose to change your decisions. An expert Family Law Attorney can help you with any adoption issues.
