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Which Should Come First: Divorce or Bankruptcy?

A combination of financial woes and marital turmoil can put a couple on the horns of a dilemma. Should they file for divorce and then bankruptcy, or the other way around? Both divorce and bankruptcy have significant impacts on personal finances and future stability, and the order in which these steps are taken can matter. Read More

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Marital Property in Michigan: Who Owns What After a Divorce?

In 2019, a Michigan appeals court affirmed an earlier court decision that a man who won $80 million in the lottery while going through a divorce owed half of the winnings to his ex-wife. Why? Although the couple had split up two years before the man purchased the lottery ticket, their divorce had not yet Read More

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Four Common Misconceptions About Prenups

For many years, prenuptial agreements — “prenups” — were thought of as tools used by the rich and famous to stop their exes from running off with half their fortune in a divorce. That idea, however, is outdated. Today, many couples sign a prenup before marrying. This is in part because prenuptial agreements can provide Read More

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