Equitable Distribution

Equitable Distribution

North Carolina determines who gets which assets following a divorce using a process called Equitable Distribution. The Equitable Distribution determination can be made by mutual agreement of the parties, via arbitration or a Collaborative Law Procedure, or by a court...
Bankruptcy & NC Family Law

Bankruptcy & NC Family Law

This is a short guide explaining what to do if your spouse files a bankruptcy during a pending family law action. This is specific to North Carolina and should be considered irrelevant to any other state. It is not legal advice and you should consult an attorney if...
10 Q&A Bankruptcy & Family Law

10 Q&A Bankruptcy & Family Law

1. My spouse filed bankruptcy in the middle of our divorce. What will that do to my credit? The short answer is that it depends. For debts that ONLY your ex owed, there should be nothing reported on your credit. For debts that only you owe, those debts are not...
10 FAQ Equitable Distribution in NC

10 FAQ Equitable Distribution in NC

1. What is Equitable Distribution in NC? Equitable Distribution in NC is the division of assets (property) and debts that were the product of a marriage. 2. My husband and I are separated. How will our property be divided? In one word, equitably. What equitable means...
Equitable Distribution Affidavit

Equitable Distribution Affidavit

In NC, if there is a claim for equitable distribution then both parties are required to file an equitable distribution affidavit. The affidavit requires the parties to list all property and debts acquired during the marriage. Each county may have its own required...
Divorce for Couples With High Net Worth

Divorce for Couples With High Net Worth

Divorce can be a difficult process for anyone but it can be particularly difficult for couples who have a high net worth. These couples have often worked hard and spent many years delaying spending money on things they want. It may be that both couples are...
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