Elton Jenkins Law, P.L.L.C.

Norman Law Blog

Millennials may still struggle when facing divorce

Many people often think that individuals in the millennial generation face an easier time with many aspects of life than previous generations. Certainly, technological advances have made some activities more convenient, but there are still life events that can be difficult for any Oklahoma resident of any generation to address. In particular, divorce can turn anyone's life upside down.

Though statistics indicate that fewer individuals in the millennial generation are getting divorced, it does not mean that everyone of this generation is staying happily married. In fact, younger individuals may have a number of issues to navigate that divorcees of older generations did not. In particular, having to adjust the numerous aspects of social media that once showed a happy couple can be especially painful after divorce.

Bankruptcy may help those who spent more than they have

In a perfect world, no one would have to stress over the state of their finances. Unfortunately, the world is far from perfect, and many people in Oklahoma and around the world struggle with money problems daily. Some may live paycheck to paycheck and hope to get by, and others may rely on credit cards to help bridge their financial gaps. Whatever the case may be, serious financial issues could present a need for bankruptcy.

There are many cases in which people cannot help their financial situations because of emergencies or unexpected events that have occurred. Still, when it comes to credit card use, it pays to be wise regarding how often the cards are used and how much balance remains. Carrying balances can often result in interest and other fees that can make difficult situations worse.

Why the start of a new year is a popular time for divorce

The last few months of the year can be a busy time for most families. Starting with back to school time and continuing through Thanksgiving and right up to the new year. You may be planning family get-togethers, attending work holiday parties or busy getting kids to athletic practices or activities. But once January rolls around, it seems like life slows down a little bit and you have time to look forward to the year ahead. This can typically be a prime time to do something you may have been thinking about for a long time, file for divorce

Brevity may help when breaking the news of divorce

Ending a marriage means far more than simply deciding not to be in a relationship any longer. Many people may be involved in the situation beyond just the soon-to-be former couple, especially if that couple has children. Plus, divorce can be trying even under the best of circumstances, and finding the best way to navigate one's own feelings and the feelings of others can be difficult.

Oklahoma residents who are considering divorce or who are starting the legal process have a long road ahead of them. They may want to start with telling their loved ones about the marriage coming to an end, if they feel this step is needed. Typically, a short-and-sweet approach to this news is best. Being upfront and honest may prevent any confusion about the situation.

Rebuilding credit is possible after bankruptcy

Credit is a part of financial life that most Oklahoma residents know they need to maintain. However, many people have a difficult time maintaining good credit, and when their finances fall into disarray, they may worry that taking certain steps will only make their credit scores worse. While debt relief methods like bankruptcy may cause a credit score to decline, individuals can work to increase their scores later.

When thinking about credit and financial difficulties, it may be important to remember that individuals who are struggling may already have less-than-stellar credit scores. If they have been unable to keep up with their outstanding balances, their scores have likely suffered. As a result, people in this type of predicament may only see their scores decline modestly if they file for bankruptcy.

Appearance an important aspect of child custody hearings

Going through a divorce may put many people in the position of having to go to court for the first time. In particular, parents may have to go through formal court hearings in order to resolve child custody matters. It can often be intimidating to go through such proceedings, and it is important for Oklahoma parents to present themselves properly to the court.

As part of that presentation, parents need to pay attention to how they dress. Their appearance could impact how a judge views them, and first impressions are often vital. Parents can often benefit from appearing put together and responsible when they come to court. This may mean having to venture out of one's normal comfort zone when it comes to appearance, such as removing an unusual piercing, covering tattoos and utilizing a natural-looking hair color.

Willingness to work with other parent can impact child custody

Having children is a highlight of many Oklahoma residents' lives. However, having children can also complicate certain situations, such as going through a divorce. Fortunately, parents can work to understand their options for child custody and how they can do their part to reach the outcomes they desire.

Though it may be difficult, being willing to work with the other parent is commonly beneficial. The court typically looks more favorably on parents who are willing to work together to care for the children and to reach the most appropriate custody arrangement. If a parent does not want to work with his or her ex and does not have a valid reason for this unwillingness, the court may actually side against that parent.

Financial mistakes to avoid during a divorce

It is no secret that divorce is expensive, but because the process of getting a divorce can be so emotional, many people end up making poor financial decisions along the way. The combination of an expensive divorce and poor financial decisions can send you into the red pretty quickly. This is why it is a good idea to examine some of the common pitfalls others have succumbed to and create a financial plan that is specific to your situation.

According to a recent Forbes article, several common financial mistakes people make during a divorce include:

  • Fighting to keep the marital house regardless of the cost
  • Quitting a job to avoid paying alimony
  • Cashing in investments to pay bills
  • Forgetting the tax implications of taking money from a retirement plan
  • Forgetting the tax implications of alimony
  • Making unnecessary purchases

When a holiday shopping trip leads to shoplifting charges

Over this upcoming Black Friday and the rest of the holiday shopping season, many people here in Oklahoma will be coming home with great deals. However, if a person is accused of shoplifting during his or her holiday shopping, he or she could instead be coming home with something that could have major negative impacts on his or her life: A criminal charge.

Most of the time, shoplifting charges are misdemeanor charges here in Oklahoma. Under state law, shoplifting is a misdemeanor offense when the amount of goods stolen is less than $1,000.

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