Category Archives: Debt and Divorce

Home Alone – Should You Really Keep the House After Your Massachusetts Divorce?

By Massachusetts divorce lawyer and mediator Stephen McDonough of  The Divorce Collaborative LLC The marital home is oftentimes a couple’s largest financial asset. Unfortunately, home values remain depressed and your real estate is also probably your largest expense. Part of property settlement discussions surrounding a divorce whether you are in divorce mediation or having a litigated, court-based case, involves whether one spouse or the other – or neither – should stay in the house.  Before agreeing to take over the house, also known as the marital home, do your homework and consider these  helpful pointers: First, check your credit score.  [...]

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Massachusetts Divorce – Handling Joint Debts

Thanks to our great economy, dealing with debt is a bigger part of divorce cases.  More then ever before, divorcing clients are facing short sales or foreclosure of real estate, bankruptcy, and significant debt load. During a Massachusetts divorce, what are some of the issues you should consider surrounding joint liabilities?  There are many variables to consider, so remember this is just general information.  Debts and liabilities fall under the larger umbrella of property distribution. Savvy readers of our website know that property division in Massachusetts must be…..?   Anyone?   Anyone? Answer:  Equitable!   Or fair.  But not necessarily [...]

Posted in Debt and Divorce, Divorce, Family and Divorce Financials, Post-divorce Issues, Property Division | Tagged , , , , | Leave a comment