In most cases, each person must cover their own legal fees during a divorce. In some circumstances, one spouse is ordered to contribute to the other's legal expenses. This often depends on factors such as income disparity, financial need, and the complexity of the case. Some couples may choose to negotiate the division of legal fees as part of their divorce settlement agreement. It's important to discuss potential legal fees with your lawyer.

Marital debt can stem from various sources and situations within a relationship. Common causes include: Spousal overspending Financial disagreements Unexpected expenses (e.g. medical bills, home repairs) Job loss Failure to communicate effectively about finances A lack of communication about financial goals and responsibilities can also result in misunderstandings and mismanagement of joint finances. Understanding...

If you're struggling to pay your debts while going through a divorce, seeking professional guidance from a federal government accredited and regulated Licensed Insolvency Trustee, such as MNP Ltd., is a good option. We help individuals navigate financial challenges, including debt management, during significant life changes like divorce. Our team can assess your situation and provide personalized advice on debt relief options, such as debt consolidation,...

In situations where debt is not too excessive and somewhat manageable, a credit counselling service may be able to review and assist you with your financial situation. These organizations contact creditors on your behalf, provide education on avoiding debt and personal budgeting strategies, as well as counselling. A credit counsellor will meet with you and determine how much you can pay each month towards your bills. The counsellor then works as...

With an informal debt settlement, you contact your creditors yourself to see if they can offer any options to aid your debt relief. If you work with a credit counselling organization, they will contact your creditors to negotiate your repayment terms and provide you with education and counselling.