Far from giving freedom it transpires that divorce is having a shackling British people with more debt than ever before. Hosting the idea of divorce is far from a free process, the result of divorce show that marriage breakdowns are contributing to the national debt crisis.
A new report about Divorce in Great Britain has highlighted that divorce in the UK has contributed to the national debt crisis with rising costs of divorce lawyers and family law solicitors and this has a knock-on effect on region of London, including Hendon, Moorgate and Epping where many divorce lawyers and specialist family law solicitors practice.
A rising divorce rate in the UK is has been named as a contributing factor in the national debt crisis, having an even greater impact on debt in the London area. It The report says divorce contributing to the debt crisis with an average cost of divorce in the UK now standing at £13000. In more affluent areas such as London, this does not take into account the divorce settlement, only costs relating to the divorce process as well as legal fees paid to both divorce lawyers and family law solicitors.
A Debt Free Direct report claims that marriage breakdown is a strong factor in the financial problems facing those within the London and SE England area. Divorcees are forced to take out debt consolidation loans and have drastically reduced disposable income levels once their divorce is finalised. Costs may be higher in affluent areas of London such as Hendon, Chelsea, Moorgate or Maida Vale than in less wealthy areas such as Edmonton, Walthamstow and South London.
The debt advisory organisation noted that divorcees are more likely to end up declared bankrupt and noticed that women are at particularly highest risk. Women are fourteen per cent more likely to face financial ruin and are 26 per cent less likely to meet criteria for an individual voluntary agreement, to try to prevent bankruptcy. Many of these options need to be discussed with a divorce lawyer and where children are involved, a family law solicitor as well.
A good divorce solicitor in the London region can be found by recommendations from friends, advertising or through a Google Search. A good specialist divorce solicitor in Hendon would most likely have a shop front in the local area and be found on the first page of Google when searching with ‘Hendon’ included in the search bar. This makes getting to the first page on Google and online marketing harder for web promotion than in many other business fields.
Many divorce lawyers attend business-networking groups in order to advertise themselves through business recommendation clubs such as BNI and Smart Networking. Many of the best business networking organisations are active in and around the London suburban periphery. You can find business networking groups in Epping, Richmond and Pinner amongst others.
For those with the available funds, stress relief measures such as counselling and psychiatry might help someone during the divorce process, however the cost of treatment only adds to the debt problem. Psychiatry is rarely free and a well-respected private psychiatrist in London could fetch a fee of over £200 per session.
Private psychiatrists like divorce lawyers and family law solicitors might seek to advertise their services on Google and would seek to be on the first page of Google search results to gain customers. People might not feel comfortable telling people they need a divorce solicitor or psychiatrist and therefore seek to find their choice of supplier online.