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A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
Use any unexpected income or bonuses to make lump-sum payments. ... debt settlement could be an option, especially as an alternative to bankruptcy. ... and even alimony or similar support.
Alimony, also called aliment (Scotland), maintenance (England, Ireland, Northern Ireland, Wales, Canada, New Zealand), spousal support (U.S., Canada) and spouse maintenance (Australia), [1] is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce.
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They could also expect a higher lump-sum payment than you can afford. Slow process : Negotiating takes time. Every month you don’t make your payments, your credit score will likely suffer, and ...
Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled.
While bankruptcy might provide relief and a fresh start, certain debts may be excluded, such as student loans, alimony and older tax debt. Bankruptcy will also have a major impact on your credit ...
Included in the liner notes for Bon Jovi's Slippery When Wet album is a thank you to the group's "expensive lawyers" for helping them to negotiate alimony and palimony payments. Seeking palimony was an option considered by the lawyer Jane Bingum (Brooke Elliott) during an episode of Drop Dead Diva, where one man married two women. The women ...