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December 2014 Archives

Divorce rate on the decline

When couples apply for divorce, they may find the process complex and confusing. They may have to arrange child custody agreements, establish property division and negotiate the terms of the divorce. However, Pennsylvania residents may be surprised to learn that the often-quoted statistic that claims that around 50 percent of all marriages end in divorce is actually inaccurate. According to data from a New York Times blog, the rate of divorce in the U.S. has been steadily dropping for years since its high levels in the 1970s and 1980s.

Divorce and the marital home

Pennsylvania residents who relinquished their house during the property division phase of their divorce proceedings may want to be prepared for the credit issues they could face as a result. Although a judge may have awarded one spouse the marital home, the other spouse will still be tied to the unpaid debt in the eyes of the mortgage lender.

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