If you are facing debt problems and planning on getting divorced, it may be in your best interests to file for bankruptcy before your divorce. At Harold Faletti Law Office, P.C., we can help you understand the complex legal issues relating to divorce and bankruptcy. With experienced legal guidance, you can use bankruptcy to secure a healthy financial future for you and your loved ones.
Do you have questions about divorce and bankruptcy in Broomfield? Contact us today online or by telephone at 303-438-8477 to speak with an experienced bankruptcy attorney.
Bankruptcy and Divorce
Divorce may end your relationship with your spouse, but it does not end your relationship with your creditors. Generally, the debt accrued during marriage belongs to both spouses and will be subject to property division during the divorce proceedings. By filing for bankruptcy before getting divorced, you can resolve the debt situation, making your financial picture clearer.
Filing a joint bankruptcy can be very beneficial, as it spares the expense of two sets of attorneys’ fees. This is not always possible, however, especially if the spouses are not cooperating with each other throughout the divorce.
Bankruptcy does not affect child support or alimony.
When it comes to bankruptcy and divorce, timing is everything. When you file can have a significant impact on your long-term financial health. Our experienced bankruptcy lawyer can guide you through all the legal steps and make sure you act at the right time.
Bankruptcy After Divorce
If a divorce has left you burdened by debt, you may also benefit from filing for bankruptcy. While it is typically better to file for bankruptcy before divorce, you can still obtain significant financial relief through a post-divorce bankruptcy filing.
If you owe money to your former spouse the situation is more complex. An experienced bankruptcy lawyer can inform you of your rights and obligations.
Contact Us · Thornton Debt Relief Attorney
Do you have questions about bankruptcy and divorce in Colorado? We can help. Contact us today online or by telephone at (303) 438-8477 to speak with an experienced bankruptcy lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.