Monday, September 22, 2008
The Lawyer reports today that the credit crisis has sparked a rush on divorce proceedings, appearing to fly in the face of other evidence that the crisis is actually forcing more couples to stay together because they cannot afford to divorce. So, who is right? Well, my view is that if there has been a rush it is only amongst wealthy couples, where one spouse is looking to secure the family assets. Amongst those of more modest means, I suspect the truth is that the crisis is preventing them from separating, because they can't sell the matrimonial home and/or can't afford to live separately.