finances Archives - Page 11 of 12 - Cordell & Cordell

Bloomberg News: Cordell & Cordell Growing

Bloomberg News interviewed Joseph Cordell, co-founder of Cordell & Cordell, about the rising demand for divorces and how that is creating “new forms of households.”

Some of these new households may be created by people who have delayed divorces for economic reasons, according to the Bloomberg article on divorce.

“There is a pent-up demand for divorces,” which are usually “a matter of convenience or discretion,” said Cordell, whose firm represents men in domestic litigation.

Bloomberg mentioned Cordell & Cordell’s growth – about 20 percent more clients in the first quarter – that is likely to continue in the next few quarters.

To arrange an appointment with a Cordell & Cordell attorney, please contact the Cordell & Cordell office nearest you.

10 Mistakes To Avoid in Divorce

Joseph Cordell appeared on Bruce Sallan’s radio show to talk about the 10 divorce mistakes that if guys avoided would substantially change the outcome of their case.

Cordell, principal partner of Cordell & Cordell, addressed two common mistakes: doing a poor job on financial statements and moving out of the marital home.

Cordell told Sallan, who as an author and syndicated columnist writes from “A Dad’s Point of View,” that guys tend to gloss over the financial documents in a divorce case. (Listen to the full interview on divorce mistakes.)

“I know this isn’t the most exciting thing to talk about, but guys have to realize that the majority of the critical issues in divorce do not make for good primetime television, such as presenting salacious evidence of marital misconduct,” Cordell said. “What ultimately matters are the details on those financial statements. The assets, liabilities and statements of income.”

Those numbers written down on a piece of paper are going to determine the amount of maintenance to be paid, if any, the amount of child support paid, and the division of assets. So accuracy and thoroughness on these financial documents are crucial.

Cordell also addressed why men should not move out of the marital home without being ordered by the court.

“Most people will agree that when you hear of a someone moving out of the house during a divorce it’s always the guy,” Cordell said. “Guys are prone to this submission when in many cases they are the ones who have paid the mortgage or will continue to pay the mortgage.”

Cordell said he’s not suggesting men should be forced to spend a year or two in the house while the divorce is pending under very stressful conditions. But if you are going to leave the marital home, at least let a judge make the determination.

By moving out without a court order and leaving the kids with the mother, Cordell points out that such behavior speaks much louder than words.

“His behavior is saying my wife and I have agreed that the children are better off in her care than mine,” Cordell said. “It’s then characterized that the man has other priorities or that he’s not capable of handling the kids.”

Even if you have moved out with honorable intentions to “keep the peace” or “give her room,” Cordell said her side would not spin that in any way that is favorable for you.

To listen to the full interview, please visit Bruce Sallan’s website.

Real Reasons For Divorce – KTRS

Listen to Cordell & Cordell co-founder Joseph Cordell discuss the real reasons for divorce as well as studies and myths about why people leave their marriage.

Is it true that most marriages end because of financial reasons, or is there something more behind their motives? Cordell discusses recent studies that indicate that women leave marriages over disagreements about finances and sex, while men leave marriages over disagreements about money.

Listen to the interview regarding motives for divorce.

Dangers When Behind on Child Support

In a recent article in The Belleville News-Democrat focusing on a man whose outstanding child support debt was brought to the state’s attention, Cordell & Cordell attorney Richard Coffee explained the danger of defaulting on mandated child support payments and possible remedies to deal with the high-interest penalties that are often affixed to such debts.

According to the story, it was the processing of a A $250 stimulus check that brought to light the unpaid child-support debt of Carnell Williams, a Washington Park father of 6.

Because his unpaid child support and accrued penalties at the rate of 9 percent, Williams has accumulated a debt of $163,582.

Mr. Coffee explains the ways that parents who have accumulated these large penalties can seek some relief through negotiations and how the ability to make lump sum payments might be used to leverage such negotiations.


Tampa: Divorce Now With Assets Low

Joseph Cordell, Principal Partner of Cordell & Cordell spoke with the Tampa Tribune about the strategic benefits of divorcing during a recession.

Cordell, whose firm represents men in divorce litigation, is asking men who may be considering a divorce to examine the value of their assets in relation to the health of the economy.

“It’s not a controversial point to make that if a guy’s going to be in front of a judge, it’s going to be advantageous if it’s when his assets are at an ebb, rather than a peak,” Cordell said. “If a guy is relatively impoverished, that’s going to give him an advantage in his arguing that his wife should take on more of the debt.”

Read the article on divorce in a recession.