any way around debt?
any way around debt? revgel: Any suggestions about how to avoid going into massive debt through this divorcing process? Aside from a mortgage, don't have any debt (credit card gets paid in full every month). Don't have any savings, though, either. I'm really frightened at the costs ahead ... just don't know how to do it.
What worked for me was to do a no contest divorce. its where just one spouse hires the lawyer, the couple agrees to everything, and then the other spouse signs away the right to have their own representation.
If you can work it out with your spouse on how to divide everything, you can save money that way with only ONE lawyer fees and wont have two money hungry sharks trying to liquidate everything of yours just to get their 'part' of your assets. :(
The cost of my fees only came out to around 2k.
Hope this helps!
tulay: I'm not sure if every state would allow you to only have one lawyer.
One thing that worked well for us was trying to work out how we were going to split everything on our own. If you have to have lawyers duke it out you are really going to have to pay out your nose. Even Mediators can cost as much as lawyers. Get a book on negotiating and then meet in a public place and see if you can work out most of the division of property on your own.
It is so unfair how much all of this costs isn't it?
Driver: I'm from Wisconsin and there are basic divorce forms with instructions on my county's website that you can print off and fill out. Or you can go to the courthouse and buy the packet for $25. My STBX and I divided everything up on our own, and then filled out the paperwork together. The forms are quite basic and very easy to fill out. All we had to pay was $150 filing fee. You may want to check to see if your state/county has similar forms. Just be careful to make sure you get everything you deserve.