Bankruptcy and Divorce
Tuesday, May 2, 2017
While it is unfortunate that husband and wife should ever separate, it’s equally miserable that divorce and bankruptcy have a longstanding partnership. In the face of mounting debts and divorce, there are many factors to consider.
While it is no substitute for the legal advice based on your specific situation, our website has several resources to help you determine if bankruptcy is right for you, and if you should file a chapter 7 or chapter 13. Of course, when a divorce or separation is in the mix, the decision is even more complicated.
Will you file before or after the divorce?
By far, the biggest and most complex question applies to the timing of the bankruptcy. Filing before your divorce allows you to file jointly and can simplify the division of assets, but it can also drag out the divorce process. Filing after the divorce eliminates the option of a joint filing, but it may allow you to retain more assets.
If you are considering a bankruptcy, divorce, or both, you’ll quickly find that many attorneys can only help you with one or the other. Scott M. Schweiger is one of few attorneys who understands both divorce and bankruptcy and the legal implications they have on each other. This can save you time and money when both are in short supply.
Each situation is unique, so it’s important to consult with an attorney before beginning either process. Even if you have already filed, it’s not too late to seek expert help. Click or call today for help.
07/25/2019 - Thinking about skipping on Uni
10/24/2018 - How Can Motorcyclists Stay Saf
09/19/2018 - Seeking a Wrongful Death Lawsu
07/30/2018 - Is Your Life or Your Lifestyle
05/18/2018 - Finding the Right Legal Counse
04/25/2018 - Why Is It Important to Get Cov
03/22/2018 - The Financial and Legal Advant
02/26/2018 - Finding a Lawyer: What are the
01/22/2018 - Happy New Year!
11/27/2017 - Can I write my children out of
09/27/2017 - Gambling with Gap Insurance
08/07/2017 - Do you have sufficient medical
07/23/2017 - Do you have the right auto ins
06/05/2017 - What is the difference between
05/17/2017 - Do I Need a Durable Power of A
05/02/2017 - Bankruptcy and Divorce
02/28/2017 - Wills and Trusts: A Necessity