Divorce – Not a Fun Topic but a Crucial Matter In Mortgages

There is a Chinese Proverb that is often used by collaborative professionals: “Never cut what can be untied.”

When going through or considering a divorce, we all know the expense it can cost, not just financially but, mentally, physically and emotionally as well.

What does divorce have to do with your mortgage?  If two parties share joint credit, and scheduled payments by either spouse are not made timely as required by the creditor, an individual’s credit health can be damaged.

The collaborative model is designed to assist divorcing spouses work through their disputes constructively and peacefully. It is process by which couples work through issues of child custody, parenting time, division of financial assets and payment of marital bills and expenses through non-litigation techniques guided by specially-trained, experienced family law attorneys with the assistance, if necessary, of collaboratively trained professionals, such as child and financial specialists.

There are countless benefits to this approach: time, money, power of your own destiny and maintaining respect and civility. Moreover, each party is given the time necessary to process, evaluate, and apply the information to his/her individual circumstances. 

If you are interested in knowing more about the collaborative process, please contact Janice, a collaborative divorce attorney.  She would be glad to answer any questions you may have!

Janice Mandla Mattingly
402.507.5214
jmattingly@hzlegal.com
www.hzlegal.com