Should You File Bankruptcy Before or After Divorce?

If you and your spouse are still facing piling debt, you may be thinking about bankruptcy. However, since money issues are often the cause of divorce, you may also be thinking about splitting up as well. This dilemma leads to the question: Should you file bankruptcy now, or wait until after you split? First, you should know that it is possible to file bankruptcy separately even if you are still married. This is often best for couples who know they are about to split and don't think they can work well together during their joint bankruptcy. The rules differ for spouses who are still cohabitating as opposed to those who have separated, so *talk with an attorney to figure out what's best for you. However, if you and your spouse believe you can work together during the bankruptcy, it might make sense to file bankruptcy before your divorce. Only married couples can file jointly, and it helps keep down numerous costs. Filing bankruptcy prior to the divorce may effect alimony payments and other divisions of assets during the divorce process. Keep in mind, however, it is not always possible to discharge certain spousal payments such as alimony or child support payments in divorce. To find out which situation will be best for you, call a Jacksonville Bankruptcy Attorney.

Read more detail on Recent Bankruptcy Posts –

Legal notice about the Should You File Bankruptcy Before or After Divorce? rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to Should You File Bankruptcy Before or After Divorce??

This entry was posted in Bankruptcy Law and tagged , , , , . Bookmark the permalink.

One Response to Should You File Bankruptcy Before or After Divorce?

  1. epiphany says:

    Good article and thanks for reminding people to take marital status into consideration when filing for bankruptcy and deciding which option is best for them.

    Wishing a fresh start to all that need it,

    ep

Leave a Reply