The current economic climate is having a huge impact on pending divorces. Couples are being forced to live together even though they no longer want to remain married. Houses are difficult to sell and divorced couples must sometimes continue to live together even after the divorce is over. Many families have a home that is "under water" and are choosing to live in the house without paying the mortgage. In many cases there are little or no assets to divide, only debts. Many spouses who were once the primary wage earner are unemployed and only receiving unemployment, which is $100,000.00 less than what they earned when they were working. The fortunate case today is one in which both people are employed, the house is not worth less than the mortgage and there are substantial assets to divide between the parties. Timing is everything. It is much easier to get divorced in an economic climate where there are assets to divide and income to distribute, than one in which there is nothing to divide or distribute. If you are thinking of pursuing a divorce, it is better to take the leap when your spouse is employed and there is still equity in your home. |
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