finances Archives | Page 12 of 12 | Cordell & Cordell

CNN: Economy Prolongs Some Marriage, Ends Others

Here’s what CNN had to say about Cordell & Cordell:

The Cordell & Cordell law firm, which bills itself as one of the largest divorce firms in the country, has been running radio ads suggesting people whose assets have tanked may want to consider divorce because they’ll lose less money to their partner, said Joseph Cordell, the firm’s principal partner.

Cordell said the advice is meant only for couples who are certain they want to divorce.

“For guys that know they’re going to end up getting divorced, they really need to realize that, oddly enough, it’s when they can least afford it that it can make the most sense,” he said.

Read the full article on divorcing in the recession.

KKTV 11: Relationships And The Economy

Cordell & Cordell attorney Barbara Johnson-Stern was interviewed by KKTV 11 News in Colorado Springs on the effect the economy may have on relationships.

Across the country divorce attorneys report business is down. The American Academy of Matrimonial Lawyers says 37% of attorneys polled reported fewer divorces during this economic downturn. But here in Colorado, at least at the offices of Cordell and Cordell, business has been consistent.

“We are still seeing a lot of people come in and really want to start and finish their divorce. It can be a good time to end your marriage,” said Johnson-Stern. She says that’s because during a recession, there’s less to divide up.

“If your house value is down, lets say a year ago you had $100,000 you had to share, now you have $10,000, it may be possible for one party to keep a house if all they have to distribute is $10,000,” Johnson-Stern said.

Watch or read the complete story on divorce in a recession.

Financial Mistakes Made During Divorce

Cordell & Cordell founder Joseph Cordell discusses financial mistakes made during divorce, as well as other common errors men make when first filing.

Bill McLeod, of SingleParentsTown.com, discusses what fathers can learn from Cordell and how to be an actively involved parent.

Listen to the interview on common divorce mistakes.

Job Loss and Impact on Child Support

Cordell & Cordell Principal Partner Joseph Cordell was quoted in a New York Times article about how job loss impacts child support.

“With an intact family, everyone ends up having to bear that hardship,” Cordell said. “What we’re finding too often is judges want to insulate mom and the child from dad’s economic nightmare.”

Read the entire New York Times article on how child support is affected by unemployment on the New York Times Archive.