Toronto Man spends in excess of $500,000 in 12 months on an annual Income of $50,000, defending his divorce lawsuit?
A Toronto man is financially ruined after spending an excess of $500,000 (half a million dollars) in a period of about 13 months defending his family lawsuit. This father never saw the lawyers ruining him financially and never got past the 1st step in a Divorce, the Case Conference phase.
This sort of financial ruin is not acceptable and the presiding judges ought to have clamped down on the lawyers for gouging him. This is unheard of in family court unless you are wealthy individual. This person’s expenses with the lawyer was completely out of control and was exposed to loosing everything that he acquired in his life. Essentially the lawyer brought this person to the brink of bankruptcy within one year of litigation. His lawyer new exactly what his financial situation was but did nothing to stop the financial devastation.
This loving father continues to rely on his 82 year old mother to fund his outrageous litigation claim but she now too faces serious financial consequences also. This father turned to us to bring matters to a quick close and to limit his financial exposure. Unfortunately, we weren’t able to assist him as he was to scared to defend his own case and wasn’t able to move past his fears and uncertainty. Do it yourself cases is not for everyone but it is a great alternative if you have no money to defend your case.
Toronto Father continues to Financially sabotage himself?
He continues to self sabotage himself and his child because he can’t participate in the extra curricular activities that most children would experience because there is no money to do so. He lacked the incentive to go on himself while lacking self confidence and self esteem. This father was absolutely petrified of loosing his child and was willing to continue the financial devastation for the sake and fear not being able to conduct his own case and to say NO to this absurdity. This father’s annual income was approximately $50,000 and would sustain a bill that would last for decades if it wasn’t for his mother graciousness. We worked with our client and he knew exactly what options could be used to stop the this outrageous situation so that his money could be better spent on his child’s future holidays, child activities, medical and educational needs. Most families will incur a family debt of an additional 9% in families overall budget due to costs of divorce litigation however, this Toronto father will incur an additional debt that exceed 600% of his early expenses. In our estimation his total expenses including trial would have exceed $1,200,000.00 and if he losses this trial he will be subject to paying his former wife’s lawyers fees and court related expenses also estimated to be approximately 1.1 million dollars. This Toronto father will undoubtedly have to declare bankruptcy to make normal living or give up all of his assets to pay for his Divorce debt.
Google “marriage and finances” and you’re presented with more than 28 million results, led by a Forbes articles titled “5 Financial Mistakes that Ruin Your Marriage“. Dr Phil, that alleged bastion of human relationships, believes money is the number one problem in marriage, the number one reason couples fight, the number one cause of divorce.
Do it Yourself Litigation for Divorcing Parents isn’t for Everyone!
Not everyone can do their Divorce litigation by themselves, while many other self represented litigants choose to fight their own lawsuit because they have enough money and self esteem, inspiration to fuel the fight. Our clients have found our eBooks, one to one discussions very useful source of information to ramp up their understanding of the law very quickly. Other have found that ordering the samples of actual court documents permitted them to draft their own motions and claims.
Learn how to do our own divorcing couples financial statement
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