Manage episode 256330307 series 1508100
Nicole Noonan of New Chapter Capital is a former attorney with years of experience seeing women boxed in with financial challenges during a divorce. Divorce can be expensive; the average divorce in New York costs 17k per person, and can sometimes be much worse. This fact can keep women trapped in marriages they don’t want to be in, and unable to get the kind of legal and financial support they need. Stacy and Nicole talk about divorce funding, why it’s an important tool, and who it can be helpful for.
Some of the highlights of their conversations include:
· Sometimes you have situations where one of the spouses in a divorce is moneyed – having much more access to cash than the other – for those non-moneyed spouses, divorce funding can be a powerful option.
· Not all segments of the attorney population offer something like divorce funding, and communicating what it is, how it works and why it’s a good thing is one of Nicole’s biggest challenges. Stacy believes it is going to catch on in a big way.
· Many attorneys recommend not changing your spending – it’s not the time to make big extravagant new purchases – but what if you don’t have the resources to maintain your current lifestyle?
Stacy Francis: Stacy@Stacyfrancis.com
Nicole Noonan: New Chapter Capital
Phone: 212 404 7807