It is common to take a student loan to pay the costs of attending college. However, these debts can often take years to pay off, and it may create a situation where you are no longer able to afford loan repayments, which can be very stressful. To be sure that you get the best resolution, you may want to try meditating with lenders.
Many companies will be open to the mediation process, as it is much more affordable than going to court. It will also allow them to deal with the matter privately, avoiding any negative publicity that the case may create. Depending on which state you are in, there may be a mediation process already in place to help you deal with these disputes. If not, your lawyers could help arrange one on your behalf.
There are multiple reasons why the mediation process may benefit you. First, this process is focused on creating an arrangement that will suit both parties. For example, you could reach a compromise where you agree to lower monthly payments. Because of this, you could get the case resolved more promptly, which will reduce the amount of stress and uncertainty caused by the dispute. Also, the process will be more informal than attending court, which should help you feel more relaxed, making it easier for you to present your case. As with most legal processes, you may want to have a lawyer present. They can help you obtain a satisfactory outcome, and make sure that you understand any obligations that you will face. However, it is often much more affordable for them to prepare for a mediation process, allowing you to reduce the costs involved in resolving the dispute significantly.
Before meeting with a divorce attorney in Columbia, MO for the first time, prepare a checklist of issues to discuss with him or her. Some common issues that you may want to discuss include:
Division of Property
Missouri is an equitable distribution state, meaning that assets obtained during the marriage should be fairly divided between the spouses at the time of divorce. Divorcing parties can enter into their own agreement that explains how their property will be divided. If they are unable to reach an agreement, the court considers various factors in determining how to fairly divide the property, including:
- The economic circumstances of each spouse
- The value of the separate property of each spouse
- Custodial arrangements regarding minor children
- The economic and noneconomic contributions of each party during the marriage
- The conduct of the parties during the marriage
The court is not under any obligation to divide the property 50/50, so it is often in the spouses’ best interests to try to reach a fair resolution outside of court.
If you have minor children, you likely will want to know how your relationship with them will be affected by divorce. In Missouri, legal issues related to custody are decided by what is in the best interest of the child and joint custody is presumed to be in the best interest of the child unless evidence establishes otherwise. If parents do not agree on child custody, the court can select one parent to be the residential parent for school and communication purposes and provide visitation to the other parent.
A parent who wants custody or responds to a request for custody must include a proposed parenting plan that addresses critical information about the child. The parents may participate in mediation and try to reach the terms of the parenting plan together. Parenting plans often include information such as:
- Parenting time with each parent
- Which parent will have final decision-making authority
- Which parent the child will live with
- Vacation and holiday schedules
- How to make decisions regarding your child
- How to resolve disputes
- Communication methods
Parenting plans are presented to the court for approval and are binding on both parents once the court approves them.
Missouri expects both parents to help support their children, regardless of their marital situation. The amount of child support that is ordered depends on several factors, including:
- The financial needs and resources of the child
- The financial needs and resources of the parents
- The physical and emotional condition of the child
- The child’s educational needs
- The child’s physical custody arrangement
- The reasonable work-related childcare expenses of each parent
Contact a Seasoned Divorce Attorney in Columbia MO for More Information
An experienced divorce attorney in Columbia, MO can discuss these issues and others during a confidential consultation. He or she can also discuss the potential timeline of your case, the legal filings that will be necessary in your case and other factors that are specific to your case. Schedule a confidential consultation with Randall Brown by calling 573-442-8879.
When you become a shareholder in a company, you want to be sure that the organization is implementing policies, and it will ensure that the business continues to maintain strong sales. However, this process may also lead to conflicts between shareholders. Many people will have a different view on the best action for the organization to take. To settle these shareholder disputes, you should engage in the mediation process. There are several benefits this will provide.
One of the most significant benefits is that it will allow everyone to put their position forward. By listening to everyone’s opinion, it will be easier for a consensus to be reached. Also, by engaging in a mediated discussion, you will be more likely to find a compromise that benefits all parties, and it will allow the dispute to be resolved promptly.
If shareholder disputes go to court, it can produce many negative consequences. First, the discussions may expose the inner workings of the company. This information may provide benefits to the competition. Also, you risk doing reputational damage, as it creates the appearance of a rift among leaders in the company, and it can affect the share price. The longer the problem remains unresolved, the more pronounced the shareholder dispute will become. For this reason, you may want to enter the mediation promptly.
The way that the mediation process works will often vary, depending on the nature of the dispute. For example, in some cases, the mediator will move between the two parties until an agreement is reached. In other models, both parties might agree to meet to discuss the issues, each arguing their case before the mediator until a compromise is reached. Because the rules can be changed to suit the situation, the process can work for both parties.