Family breakdown linked to increased risk of financial insolvency.
The article discusses how family breakdown can lead to financial difficulties, known as insolvency. It explains the procedures for dealing with personal and corporate insolvency, and offers steps to prevent it. The impact of insolvency on the family home and property transfers during bankruptcy are also explored. The article highlights the options available to spouses of bankrupt individuals and emphasizes the importance of considering children in these situations. Overall, it provides insights into the complex relationship between family breakdown and financial insolvency.