Dallas Couples Shirking Divorce Amid Economic Woes
According to an article on KSAT website out of San Antonio, divorce lawyers nationwide are seeing a trend away from divorce in light of the recent economic woes. We are seeing the same trends in Dallas divorces. Usually bad economic times increase the stress on marriages, causing a rise in divorce rates. But this time, it seems that couples are not splitting up as a result of the poor economy. It isn’t that couples are rekindline their marriages, but more that they cannot afford to get divorced. Housing values have falled, 401K values have fallen, and there is just not as much to divide. Debt values may outweigh assets values, leaving nothing positive to gain from the divorce. Spouses may not be able to get credit cards or personal loans to finance attorneys fees to obtain a divorce. In fact, most credit card companies have reduced the credit limits on credit cards, leaving less available credit to borrow from. I’ve even seen some spouses who cannot obtain new housing post-divorce, leaving them few options but to stay in an unhappy marriage just for a place to live.