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The Saga of Divorce Online

June 13th, 2012 • By: admin Divorce Appraisals

Back in 1995, I was approached by a therapist and a web designer, talking about the Internet.  At that time, the Internet was almost unheard of.  I had no idea what it was.  The web designer was a man named John Thawley, who I work with to this day.  The therapist was involved in the beginning but dropped off the face of the earth shortly after the website was launched.  The website was called DivorceOnline.com.  It was launched in 1995.  In May of 1996, one of the most salient features of Divorce Online, entitled ‘He Said…She Said’, was launched.  Divorce Online was a site with a goal of approaching divorce related issues legally, psychologically, and economically.  There were many articles posted that are still relevant to this day.

CUSTODY ARRANGEMENTS

January 17th, 2012 • By: admin Divorce Appraisals

By Ariana E. Cha and Jennifer Dixon

Here are some questions parents should ask themselves when considering joint custody:

Q: How well do you feel you and the other parent can get along?

A: Parents should cooperate with each other. "Support the child’s relationship with both parents," Barbara Nordhaus, assistant clinical professor at the Yale Child Study Center, said Thursday. "Drop-offs and pickups should go smoothly. The better a couple can get along, the easier joint custody will be for the children," said Beth Clark, clinical psychologist and a consultant to the University of Michigan Center for the Family and Child. Leslie de Pietro, coordinator of Family Care Resources at the University of Michigan, agreed. "Children shouldn’t be used a pawns." Parents should meet regularly to discuss the joint custody situation without the children.

Divorce Recovery: Releasing the Toxic Emotions

January 17th, 2012 • By: admin Divorce Appraisals

Shelley Stile
Life Coach/Divorce Recovery for Women

The way to recover and thrive after divorce is simple: Until you can release the toxic emotions surrounding your divorce, it is impossible for you to move forward in life and be happy.  It takes enormous commitment and effort but it can be achieved.  If you want to lead a new life that is both fulfilling and happy, you must let go of the negative emotions and thoughts that hold you back from creating a life you love.  And guess what else?  Who do you suppose pays the biggest price when it comes to toxic emotions?  You.

During the divorce process, the negative emotions that you were already experiencing in your marriage go haywire!  During times of crisis, our world appears to crumble and with it our concept of whom we are. Our mind chatter turns up the volume to deafening levels.  We question everything.  We feel emotions so intense that we often wonder if we will survive them.  Anger, sadness, depression, rage, grief, resentment, bitterness, and confusion are some of the feelings we are hit with.  

Life after Bankruptcy: A Financial Mulligan!

July 6th, 2011 • By: admin Bankruptcy

There has never been a better time for a real financial “do-over.” We call it Bankruptcy.

Whether you consider restructuring your debt through a Chapter 13, or eliminating all of your unsecured debt with a Chapter 7, you are creating an opportunity to start over again fresh, without the weight of toxic debt holding you down.

Some people are hesitant to consider bankruptcy because they fear it will hurt their future credit. Reality is that bankruptcy can help improve your credit score and do it more quickly than any debt consolidation program.  Many of our clients are surprised to hear that within weeks of their discharge, banks begin inundating them with credit card offers while local auto dealers craft special offers, specifically designed to help them purchase new vehicles. Because bankruptcy can be filed only once every 8 years, bankruptcy clients are seen as low risk borrowers.

After bankruptcy, being prudent with credit opportunities can enhance anyone’s credit score. There are many cases of individuals raising their FICO to well over 700 in less than two years. Some clients are even able to purchase a new home within two years of their discharge.  Ironically, two years from now is when most pundits believe the realty market will bottom-out, yielding the best purchase opportunities.

Putting this in perspective, sales of bank-owned (REO) properties recently hit 34.5% of the market, resulting in a national price drop of 5 percent year-over-year. National home prices have fallen 11.5 percent in the past nine months, a rate not seen since 2008. Add short sales, where the bank allows the borrower to sell for less than the value of the mortgage, and prices have nowhere to go but down.

The bottom line is that bankruptcy is a tool, designed and approved by the Federal Government to help citizens improve their financial health. Each year in the recent past has seen more than 1.5 million people get a chance at starting over. Maybe it’s time for you to consider taking a Mulligan?

Bankruptcy Keeps McCourt and Dodgers in the Game!

June 29th, 2011 • By: admin Bankruptcy

By James Doan, Esq

For Dodger Fans, Bankruptcy can be a Home Run!

Team owner Frank McCourt may have a lot in common with some of his Dodgers’ baseball fans. He can’t make ends meet. Actually, he’s having trouble making payroll. The cash starved McCourt turned to bankruptcy protection when he claimed that Major League Baseball refused to allow a television deal with Fox Sports supposedly worth $3 billion.

While Dodger debt may be a LOT bigger than that of a typical Dodger fan, both are financially struggling in weak economy. And just as McCourt turned to bankruptcy protection, so too can many baseball fans.

Consumers looking to liquidate their assets and eliminate their unsecured debt typically file a Chapter 7. Those wishing to keep their homes yet eliminate junior mortgages and create an achievable 5 year payment plan need to look at filing a Chapter 13. That is, unless their secured assets exceed 1,081,000 and/or have combined unsecured debt exceeding $360,475. Then, their best recourse would be to file a Chapter 11. Regardless, getting a fresh financial start by filing for bankruptcy protection can make you feel like you’ve hit a home run!