Bear Market Means Boom Time for Divorce Lawyers

The economic downturn is affecting everyone--including the very rich. The Post has some interesting stats and anecdotes about wealthy couples driven to divorce

Divorce lawyers at white-shoe firms claim they have many more cases these days, thanks to out-of-work investment bankers and their expensive lifestyles. Lawyer Joshua Forman, who says divorce filings are up 20%, explained, "They have to cancel the country-club membership, no more expensive summer camps, cancel the three-week trip to Europe. It's hard to keep up with the Joneses when your job's in jeopardy. And it takes a toll on the marriage."

Still, it's hard to feel that much sympathy when the cautionary tales are about people who make more than $1 million a year and are fighting over Hamptons rentals, expensive summer camps for kids, and shopping sprees. Hey, Phil Gramm is totally right about us being a nation of whiners! Also doing well during the economic unrest are couples counselors. One whose clients include many laid-off Bear Stearns employees said husbands have been struggling with breaking the news to families while wives assume their husbands should be able to keep up their lifestyles no matter what.

Contact the author of this article or email tips@gothamist.com with further questions, comments or tips.

By Jen Chung in News on July 14, 2008 11:38 AM

Comments [rss]

dimonharley

When People are contemplating filing for separation, they choose best divorce lawyers for marriage dissolution. These lawyers provide the case related all information. They are well educated and specialized in their field. divorce lawyers provide different information to their client regarding to further process in divorce or to resolve the marital problems.

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dimonharley

When People are contemplating filing for separation, they choose best divorce lawyers for marriage dissolution. These lawyers provide the case related all information. They are well educated and specialized in their field. divorce lawyers provide different information to their client regarding to further process in divorce or to resolve the marital problems.

http://www.lawyersindemand.com/Attorney-Type/Hire-a-Divorce-Lawyers/index.html

mozilo

@ InfoMofo - they call that 20 year long bondage

NannyState

^ Yeah, I was his straight man!

Snoopy

I got it. Pink slip. hah hah hah or in spanish ja ja ja.

You're killing me. Any relation to Henny Youngman?

NannyState

"She had to dump him, after he came home wearing a pink slip."

^horrid attempt at '60's Playboy humor.

Steven

What is a wife suppose to do when she isn't able to show off her goods to friends, get a daily to weekly spa treatment and spend all day at the store buying clothes which she will probably only wear once?

Polemicist

#17

Awesome

esquared

#16 (dimshine) -- it's not a blog posting, it's news.

sinisterteashop

#17...

Open your heart to the great goddess and she'll open hers to yours.

Okay, just kidding.

ed_Extinct

this economic disaster will take 10 years to recover from... crime will skyrocket and everyone will as always, blame the jews.

JenChungsBaby

If the guy really didn't realize that he was marrying such a gold digger then I do feel bad for him. He works his ass off to keep an ungrateful bitch rolling in belts and handbags, then when he gets laid off she ditches him and takes half his shit and gets vaginamony to "maintain her lifestyle" for the indefinite future (until she finds some other rich sucker). Meanwhile, he's ordering in pizza at his new one-bedroom condo somewhere while she's living in his old house, brainwashing his children to hate him and having sleezy guys over to sleep with her in his old bed. Pretty soon his kids are calling her new victim Daddy while he's taking pottery classes trying to meet the down to earth girl who reminds him of his first high school love. See, it sucks to have money.

dimshine

as a rich asshole, i'm offended by this blog posting

VanessaNYC

Here's another way to look at it:

The relationships were going down hill for a while and it's now a good time to get out. Since stocks are down, overall wealth is lower and that means poorer spouse gets less in the split. Maybe it's the richer parties that are deciding to call it off.

Think2wice

There are some truly shallow cunts and dicks out there.

From the article, I can just picture Cunty...er..Cindy, going from "Maria von Trapp", elementary school teacher extraordinaire, to "Kimora Lee Simmons".

Now I ain't sayin' she's a gold digger,

But she ain't messin' with no broke niggas...

henricus

Huh...I almost had a knee-jerk reaction to Snoopy's comment and was about to call sexism, but I've actually experienced this twice before in relationships. It is an interesting double-standard.

Anyway, I think the guy in the story, while heartbroken, at least found this out before being 30 years down the road with the only terminus to this malfunctioning relationship being a lonely death or domestic bickering. Some things are 'blessings' (in the most unreligious sense possible) in disguise.

infomofo

Some whores bill hourly, some use 20-year increments.

Snoopy

It's strange that when it's the man earning the money it's considered "our money", but when it's the woman earning the money it's "her money." Go figure.

Polemicist

More evidence that men should never get married in the US.

It's just not worth the risk.

babyhitler

Ugly investment bankers marry pretty gold digging trophy wife's who marry them for the loot and prestige. Investment banker loses money and prestige and Gold digging ho just gets old and ugly through passage of time and abuse of cocaine = recipe for Marriage disaster. They both lost what they got them into the relationship in the first place. Thanks to the no-fault divorce law it then becomes a public farce. VERY ENTERTAINING to the rest of us though.