Mississippi Divorce Attorney Discusses Financial Issues for Divorcees

Divorce can make life easier in some ways, but more difficult in others. One way in which divorce is often very difficult is in the area of finance. All divorcees are at risk for encountering financial instability after they divorce, but people who are low-income or middle class seem to be at the greatest risk for doing so.

People who are working at the time of their divorce can encounter financial problems just as easily as people who have been out of the work force for a while. If you have children, your divorce may change your schedule in such a way that you are not able to work as many hours as you could before the split. You may have to spend more money on child care, too. Of course, there is also the possibility that you work in a job where your reduced availability just won’t work because of your position, and you may have to leave that job behind.

Whether you are able to keep your job and work fewer hours or you have to go out and find a job that will fit your skill set and availability, you may have trouble making ends meet even while you are employed because you have to pay all of the bills for your new household. For this reason, bankruptcies, defaulted debts, and foreclosures are not uncommon among people who have divorced.

Another way in which divorce can harm individuals financially is education. Some people may be in the middle of completing a college or professional degree when their spouse files for divorce. They may have to put that educational experience on hold, and it may be difficult for them to find the time and money to complete it after divorce. Also, if parties had plans to pursue educational opportunities before they divorced, they may find themselves wondering when, if ever, they will be able to find the time and money to pursue those goals and increase their earning capacity.

Although divorce can be financially devastating in a number of ways, some people are able to find creative ways to earn more money, make the money that they earn go further, avoid bankruptcy and foreclosure, and finish or begin educational endeavors that will help them find work in careers that they want. Working with a Mississippi Divorce Attorney can help you to think carefully about what you want to get out of your divorce and pursue a resolution to your divorce that will work well for you, both now and for years to come. Obtaining a favorable result in your divorce case will put you in a good position to work towards the goals that you have set for your future. To learn more about how a knowledgeable Mississippi Divorce Attorney can enable you to avoid the financial pitfalls that are often associated with divorce, call Mississippi Divorce Attorney Matthew S. Poole today, at (601) 573-7429, to schedule a free initial consultation.

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Mississippi Divorce Attorney Discusses Financial Issues for Divorcees
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Mississippi Divorce Attorney discusses financial issues in divorcees.

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