The Recession Creates New Obstacles for Divorcing Couples (Press Release)

Richard J. Breibart

24-7PressRelease

The current state of the economy makes it more difficult for some couples who want to go their separate ways to follow through with a divorce. With the housing market at a bust and the national unemployment rate reaching a 25-year high, many couples believe that they simply cannot afford a divorce in this economy.

The family home is the most valuable asset owned by the majority of married couples. During a divorce, the court may award the home to one of the spouses, or the house may be sold with each spouse receiving a share of the profit. Or rather, this is what generally happens in a stable economy. But what happens when the home is worth less than what is owed on it? Or if the house has been on the market for months and just will not sell, and neither spouse can afford to keep it? This is the situation in which many married people find themselves. Their most valuable asset is not worth what they invested in it, and breaking even may be the best they can hope for.

Source: http://www.24-7pressrelease.com/press-release/the-recession-creates-new-obstacles-for-divorcing-couples-111496.php