Cordell & Cordell, P.C. - Colorado attorney, Barbara Johnson-Stern, was interviewed by 11 News - Colorado Springs on the effect the economy may have on relationships.
Across the country divorce attorneys report business is down. The American Academy of Matrimonial Lawyers says 37% of attorneys polled reported fewer divorces during this economic downturn. But here in Colorado, at least at the offices of Cordell and Cordell, business has been consistent.
"We are still seeing a lot of people come in and really want to start and finish their divorce, it can be a good time to end your marriage," said divorce attorney, Barbara Johnson-Stern. She says that's because during a recession, there's less to divide up.
"If your house value is down, lets say a year ago you had $100,000 you had to share, now you have $10,000, it may be possible for one party to keep a house if all they have to distribute is 10-grand," Johnson-Stern said.
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