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Commonly Asked Questions about Divorce Related Forms

Some possible barriers often discussed in the literature include financial security, holding traditional values, and having children (Knoester and Booth, 2000) .
Though men can feel financially stressed after the divorce because they may have to pay alimony, child support, move out to another home, and generally spend more every month, many studies suggest that the economic impact of divorce adversely impacts women more than men.
Despite their best efforts to arrive at an equitable agreement, financial disparities between spouses after divorce are a reality for some couples. There is a good body of research on the subject that shows women bear the heaviest financial burden when a couple divorces.
Following a divorce, women are more likely to be impoverished than men. Women whose family income was below the national median and mothers who were not in the workforce before the divorce are very likely to experience poverty following their divorce. Economically, women suffer more from divorce than men.
Michael Jordans divorce in 2006 after 16 or 17 years from Juanita Jordan, $168 million ($254 million inflation adjusted). Boris Berezovskys divorce in 2010 after 18 or 19 years from Galina Besharova; estimated at $160 million ($224 million inflation adjusted).
Most commonly, spouses have to go from supporting one household to two and this is usually all you have to explain. Sometimes, there are additional costs for one of the parties resulting from the divorce (like child support or family law attorneys fees) that can be mentioned as part of the financial hardship.
How to Get Back on Your Feet Financially After a Divorce Create a Budget and Stick To It. Focus on Whats Important. Pay Down Debt First. Boost Your Credit Score. Generate More Income. Spend Money Wisely. Find Alternate Accommodations. Getting Back on Track After a Divorce: Its Tough, But Worthwhile.
Willardson pointed to a statistic from the Government Accountability Office which reports that, after a divorce, a womans household income drops by an average of 41%, almost twice the income drop experienced by men.