Bank Offers a Divorce Loan
In Japan, it is now possible to finance a divorce. According to the Financial Post, the Ogaki Kyoritsu Bank will become the first Japanese bank to provide unsecured loans to cover the costs of divorce.
The loans are available to customers between the ages of 20 and 65 with an income of $2 million yen per year or more, and range between $100,000 and $5 million yen to cover support payments, property division and (arguably most importantly for our readers) legal fees.
This type of loan may make some sense for the Wall Street executives, who receive most of their annual income as bonuses or entrepreneurs, whose capital is tied up in some venture. For most, this could be a risky and expensive way of unwinding their marriage.
