Answering the Big Divorce Question: How Are You Going to Pay For It? With Nicole Noonan of New Chapter Capital
How to Split a Toaster: A Divorce Podcast About Saving Your Relationships
English - September 28, 2021 06:00 - 30 minutes - 28.8 MB - ★★★★★ - 8 ratingsRelationships Society & Culture Kids & Family divorce relationship split break-up Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This week on the show, we’re taking on one of the BIG divorce questions. It comes right along with “where am I going to live,” and “what am I going to do with my life?” … it’s the question of money. Divorces can get expensive and you need to know how to pay for it.
One option — one of several — is Divorce Financing, and our guest today is fouder and CEO of New Chapter Capital, an organization that specializes in capital financing for divorce. That means, she brings a unique outlook on divorce lending. The red flags that normally might impede lending are considerations in divorce financing as the underwriting process takes into account the overall value of the proposed settlement to lend for living expenses to get you down the road.
Nicole helps us address considerations around risk — both to her company and to borrowers — that we need to take into consideration, along with the list of categories covered in divorce funding. If you're struggling to figure out how you're going to pay for your own divorce, this is one option you may not have considered!
About Nicole Noonan, Esq.
Nicole Noonan, Esq., is the founder and CEO of New Chapter Capital, Inc. For over a decade, Nicole has been revolutionizing the practice of matrimonial law and divorce finance. Recognized by New York Magazine as New York’s Women Leaders in the Law 2014. As a former matrimonial attorney, Nicole is very familiar with the issues facing the non-moneyed spouse. She remains a member of the New Jersey Bar.
Nicole is a nationally recognized divorce expert. Crowned the “Fairy Godmother of Divorce” by the New York Post’s Julia Marsh, Nicole is an advocate for the protection of women and their rights. Nicole is a frequent featured speaker on Bloomberg’s “Talking Stock with Pimm Fox”. She has been featured on Good Morning America, Bloomberg TV, and WLNY’s “The Couch”.
(00:00) - Welcome to How to Split a Toaster
(00:26) - Meet Nicole Noonan
(01:23) - Divorce Is Too Expensive
(03:14) - Framing the Problem
(06:00) - Client Clarification
(11:47) - Different Than Going to a Bank
(15:15) - What They Take Into Consideration
(18:43) - Client Risk
(20:12) - Non-Recourse Cash Advance
(21:03) - The Lawyer
(22:41) - Affects From the Pandemic
(26:00) - Forensic Accountants
(27:01) - Fairy Godmother of Divorce
(29:11) - Connecting With Nicole