Divorce has a visible way of taking everything you thought you understood and flipping it onto its head. As you are working through the legal process of separating from your spouse in Ohio, one of the lessons you may be starting to learn is just how much of an impact your marriage has taken on your financial situation. Now, as you are adjusting to being single again and being financially independent, you may need to reassess how you utilize the money you have.
To shed financial stress and obtain a fresh start, many Ohio residents have turned to bankruptcy over the years. The most common bankruptcy programs are Chapter 7 and Chapter 13, so how can you know which is right for your situation? According to Experian, Chapter 13 is considered a reorganization bankruptcy and Chapter 7 is referred to as a liquidation bankruptcy.
Prenuptial agreements are often overlooked by couples in York County who do not realize just how valuable they can be, both for protecting the individuals and protecting the marriage itself. When used correctly, these agreements can strengthen a marriage and allow spouses to create boundaries around personal and marital property.