Divorce, Location and Bankruptcy – How are They Linked?
Recent studies show that:
• Bankruptcy is more prevalent in urban areas than rural locations.
• Divorce rates are higher in urban areas.
• Divorce often leads to bankruptcy for one or both parties.
• Arguments over money are among the chief reasons cited for divorce.
Wow, that’s complicated, isn’t it? Bankruptcy causes divorce, but divorce causes financial distress? Living in the city causes divorce which causes bankruptcy, or is it the other way around? Which of these is actually the cause of the others?
The fact is, there’s no real answer. Alright, you already knew that. Still, you have to admit that there appear that the 3 statistics appear to be somewhat related. The point, for the purposes of this post, is how to avoid becoming a victim of one or more of those statistics.
Let’s start at the top. If you’re living in the city and having trouble making ends meet, you have a few options:
• You can move to the country. Of course, if you can’t find a job there or have to take a cut in pay, or end up with a long commute to work, the situation could get worse.
• You can work harder or longer, which means you’ll have less time for relaxation and a more stressful life.
• You can seek debt relief, which may include several options that may or may not include bankruptcy.
Alright, statistic number 2. If you’re living in the city and your marriage is on the skids, here are a few possible solutions:
• Move to a rural setting. This will probably work if you and your spouse both enjoy that lifestyle, you can still make a living, and if urban life was really the problem to begin with.
• You can get a divorce. If you love your spouse, this isn’t the ideal solution, but it is an option, so it should be listed. Of course, you need to keep statistic number 3 in mind.
• You can seek counseling, which will probably include examining whether your financial situation is actually part of the problem.
Next: If you’re recently divorced and having trouble meeting your fiscal obligations, there’s really only one sensible strategy: speak with someone who can help you find and implement solutions.
Finally, there’s the fourth statistic: If you find yourself constantly arguing over finances, what should you do? Here are a few ideas:
• Get a divorce. As above, this may not be the best option, but it should be mentioned. If the problem is money, it’s not likely to be a great solution.
• One or both of you can work harder or longer. This may help with the financial problems, but may not be beneficial for your relationship.
• Seek advice from a professional who can offer you some options for debt relief.
If you’re seeing a theme here, it’s no accident. The real point is, damn the statistics; if you’re having insurmountable trouble with finances, whatever your location and whatever the cause, your best move is to speak with an expert in the debt relief arena.
If your financial problems are becoming too much to handle, contact accomplished SAN DIEGO BANKRUPTCY LAWYER Jeff Larkin. To seek advice from VISTA BANKRUPTCY ATTORNEY Jeffrey Larkin, call 877.25.NEW.HOPE for a free consultation today or visit his BANKRUPTCY LAW FIRM IN CARLSBAD CA Google+ Local page.
For more details, Please visit our website: https://larkinfirm.com
By Jeffrey Larkin