How Divorce is Like a Recession – Minnesota Family Attorney
March 12, 2009
Next, consider that you may be able to negotiate payoffs with various creditors. You may be able to obtain a lower interest rate or some other concession that will reduce the financial pain that is inevitable when you split one home into two.
It may be that you cannot obtain certain information from your banks and/or creditors, because the accounts are in your spouse’s name. You may be able to obtain a substantial amount of information by looking around the house. If not, do not despair. Your attorney can obtain this information through a process called “discovery” where the other party is required to ask questions and provide documents requested by you.
Ultimately, however, the more work you do now, the less work your lawyer will have to charge you for.
My favorite resource for financial advice is www.consumerist.com. You should be able to find a lot of tips there for lowering your monthly payments and negotiating lower interest rates, as well as reducing your debt, and obtaining the best customer service from unfriendly customer service professionals.
Moore Family Law, P.A.
3350 Annapolis Lane North, Suite C
Plymouth, MN 55447
Fax: 1-(866) 354-3531