In many marriages in Illinois, the couple will have a premarital agreement - also referred to as a prenuptial agreement - before they get married. This is true in a high asset situation or one of more modest means. It is a protective device in the event of a divorce. Unfortunately, many marriages do end in divorce and the premarital agreement comes to the forefront. Often, however, many spouses who signed the agreement would like to have it declared null and void. Knowing when this is possible is critical in any dispute. When confronted with these difficult family law issues, legal help is essential.
Divorce often has a lasting financial impact on those who use it to end their marriages. One of the most significant financial consequences of divorce is the requirement to pay either child support or spousal support, formerly referred to as alimony. When you have to pay support to your children or your ex, you lose a significant portion of each paycheck.
Indiana residents who are confronted with financial challenges can find themselves in that circumstance for many reasons. These include medical debt, job loss, overspending on credit cards, marital problems and more. On top of the bills, creditor harassment is a never-ending cycle of phone calls, letters and messages that can multiply the stress a person's feels and will impact them negatively. Regardless of how a person got into the situation, it is important to know that they are not trapped and there are alternatives to get on stronger financial footing. Bankruptcy is one way to do that.