Money problems can make even the strongest couples break apart. When you and your spouse are fighting about money and you have decided that it's time to end the marriage, the debt you have accrued as a couple will need to be divided up. Some couples are able to file for bankruptcy before filing for a divorce, making it easier to split up anything that is left. It is not recommended that you try to file for a divorce and a bankruptcy at the same time, as this is going to tie up any assets that you both have.
When you are going through a divorce, trying to figure out how you are going to split up your marital assets can take all of your energy. It's important to know what you are entitled to when it comes to your assets. Depending on whether your state is an equitable distribution state, or your state is a community property state, you should never agree to accept less than your fair share of your marital assets.
The question of who ends up with custody of a child is important and arguably one of the biggest issues the family court system is tasked with addressing. Before you deal with a custody situation, it's worth learning a bit about how that system works and what to expect as you move through the process.
The Best Interests of the Child Always Come First
Underline that fact right now because it is the defining feature of how custody proceedings work.
If you are sure that you want to get divorced, before you sit down and talk to your spouse about the process, you need to take some actions to prepare yourself for the divorce. Being prepared can help you keep your resolve when you talk to your spouse and can protect you if your spouse has an adverse reaction to your declaration that you want to get divorced.
#1 Start Saving Your Money
The goal of child support arrangements is to help make sure both parents contribute to the financial needs of their children once they are no longer together. However, if you suddenly have a difficult time making your child support payments, you need to consider all your options, including the following:
Do Not Miss Your Payment
The first thing to do is not miss your payments if at all possible. Missing a payment is going to make it difficult for your former spouse to financially help your children.