Getting Through Your Divorce With Dignity After an Ill-Advised Business Decision
People divorce for many reasons, but financial stress plays a role in the breakdown of many marriages. In most cases, it is easy to see that it was unfair of your spouse to blame you for financial problems that, as almost anyone else can see, were outside your control. You stayed out of the workforce until your children went to kindergarten because you could not find any jobs that paid well enough to offset the cost of healthcare. Yes, it is stressful for your spouse to live under the same roof as your parents, but they provide free childcare, and for you and your immediate family to live on your own would be prohibitively expensive. It is not your fault if your job did not survive the latest round of federal funding cuts or the onboarding of chatbots. What if the financial setback that tanked your marriage really was your fault? What if everyone except you could see the writing on the wall, and they all knew that you were making a terrible financial decision? That is all in the past now, and if anything, the experience taught you that you and your spouse no longer have anything in common. The first step to moving on from a disastrous business decision that cost you your marriage is to contact a Boca Raton divorce lawyer.
You Are Not Useless, Even If Your Ex-Spouse Says You Are
Florida has no fault divorce, which means that the divorce court’s role is simply to divide the couple’s marital property in the fairest possible way; this is what equitable distribution is. Most of the time, the spouses decide during mediation what is fairest. You are still entitled to a share of the marital property, even if you invested it all in a business that went belly up, like the guy who recently wrote to Money Made about how he spent tons of money on launching a social media career for his pet dog, and it went as well as everyone but him could have predicted. If you and your spouse decide it is fairest for you to assume responsibility for the business debts, then do so, but if not, then let the judge decide, and you might be surprised that the judge assigns you less of the marital debt than you were expecting.
If you and your spouse have minor children together, you are entitled to a court-ordered parenting plan. You and your spouse can work on a co-parenting schedule that accords with your children’s school schedule and your respective work commitments.
Live Modestly, but Don’t Skimp on Legal Fees
To move on from your business debacle, you might have to move in with your parents, drive Uber 60 hours per week, file for bankruptcy, or some combination thereof. You should not, however, represent yourself in divorce, even if it means asking your ex-spouse to pay your legal fees. Your ex does not have the right to ruin you financially, even if she feels that you ruined her financially.
Contact Schwartz | White About Divorce After an Unsuccessful Business Venture
A South Florida family law attorney can help you finalize your divorce so you can concentrate on rebuilding your life after an unsuccessful business project. Contact Schwartz | White in Boca Raton, Florida about your case.
Source:
moneymade.com/finance-tips/i-used-credit-cards-fund-my-dogs-instagram-career-no-followers-all-debt-can-i-recover
