Parker Law Blog

Losing daily facetime with one's child can be the hardest aspect of divorce or separation for a Colorado parent. An individual may be used to picking their child up from school each day and having time to love and communicate with them in the comfort of their own home. When the end of a marriage threatens a parent's capacity to be with their child, they may worry about how they will maintain their connection with their kid.

Many parents fixate on how the physical custody of their children will be determined by the courts. This aspect of custody relates to where a child will live. It can be shared by both parents or assigned exclusively to one parent during a separation or divorce. However, parental responsibilities can also concern the rights of a parent to be involved in important decisions that will affect their child, as well as time they may secure with their child in the form of visitation.

Recently, Amazon CEO Jeff Bezos and his wife announced that they will end their marriage. The couple has been married for 25 years and share several children. What makes their divorce unique and somewhat interesting to millions of Americans is the fact that Bezos has also been named the richest man in the world.

Wealth and the division of assets can be contentious issues during divorces, and some couples attempt to avoid challenges in these areas by executing prenuptial or post-nuptial agreements. These agreements allow couples to establish financial and property-based decisions before or during their marriages so that their divorces, should one occur, may run more smoothly.

Shared custody arrangements, also known as co-parenting arrangements, are the most common outcome in modern Colorado divorces. Spouses ending their marriage can anticipate sharing custody with their ex.

The Colorado courts understand that divorced couples are likely to disagree about how they approach parenting. Everything from the division of parenting time to parental expectations for the children can cause conflict between the parents. That potential conflict is exactly why couples need to create a thorough parenting plan during their divorce proceedings.

While some people may believe that bankruptcy is a single process for anyone who wants to pursue it, in reality there are many different bankruptcy options available under the law. Depending upon whether it is a Colorado resident or business that wants to file, as well as their ability to meet the qualifications of their desired bankruptcy path, a person may end up engaging with bankruptcy in a very different way from someone else. This post will discuss two of the most common forms of personal bankruptcy and what makes them different.

Chapter 7 bankruptcy is sometimes called liquidation bankruptcy. This is because individuals who use it often have to sell off or liquidate their assets in order to generate money to pay off their creditors. However, any remaining debt may then be eliminated. This means that individuals with incomes and the means to pay off their debts often do not qualify for this drastic form of bankruptcy.