As part of the divorce process, spouses must resolve various financial matters, including support and division of assets and debts. The resulting marital settlement agreement is enforceable in a court of law, even when one party declares bankruptcy after the divorce has been finalized, as illustrated by a recent New Jersey decision.
If you are going through the process of divorcing in the State of New Jersey, the Court will require you and your spouse to file a “Case Information Statement.” This is a document which summarizes the finances of the marriage. Generally, the Case Information Statement asks you to provide your income, your spouse’s income, the average spending over the course of one year, and list all assets and liabilities.
Under New Jersey law, when a party’s motion has been denied by the court, the party may file a motion for reconsideration. However, this is only available if the matter meets certain criteria demonstrating an error has been made. The purpose of making a motion for reconsideration is not to give a party another opportunity to make the same arguments but to advise the Court of facts it overlooked or controlling law the Court did not consider.
Many people think of domestic violence incidents as occurring between parties who are in an active relationship, but that is not a requirement. New Jersey’s Prevention of Domestic Violence Act (PDVA) protects against acts of domestic violence that occur between a spouse, former spouse, household member or individuals involved in a dating relationship, including past relationships. Such a relationship also does not have to be exclusive. Even casual dating may give rise to a claim under the PDVA, as affirmed in a recent Appellate Division case.
Under New Jersey law, both parents are obligated to contribute to the support of their child. The payor’s child support obligation may be modified if he or she has experienced “changed circumstances,” which includes major health issues or permanent disability.
New Jersey law provides that both parents must pay basic child support plus certain add-on expenses. While a Court or the parties may decide how much each parent pays initially, that amount may later be modified if a party has experienced “changed circumstances,” which include job loss or obtaining a higher paying job. When the Court finds that a party is voluntarily underemployed or unemployed without just cause, the Court has the discretion to impute income to that parent based on certain criteria. A recent appellate decision illustrates this point.