Last updated March 12, 2010
Bankruptcy During & After Divorce
Divorce is a very difficult and trying time. It not only involves serious emotional pain and distress, but it also causes significant financial burdens as well. There is no doubt that the pressures and financial upheavals due to divorce may cause an overwhelming burden of debt and failed credit issues. Sometimes, the best way to handle the debt that occurs due to divorce is to file bankruptcy.
The best way to determine if your situation could best be handled by filing bankruptcy is to contact an experienced bankruptcy attorney, both during and after your divorce. An attorney will help assess your situation and can offer you the best legal advice to meet your financial needs. The financial devastation that often occurs with divorce is far reaching. This may include unpaid mortgages and foreclosures, dealing with harassing phone calls from creditors, wage garnishment as a result of unpaid child support, automobile repossessions, and loss of utilities. Sometimes, despite our best attentions, divorce just causes too many financial burdens to realistically deal with. When this occurs, it is best to contact a bankruptcy attorney and schedule a free consultation. The bankruptcy attorney will discuss all of your options with you and explain to you the various types of Bankruptcy and how they can best apply to your situation.
It’s also important to realize that even though there are both Chapter 7 and Chapter 13 bankruptcies, a bankruptcy attorney will customize your bankruptcy to your specific needs. This expertise is essentially important to ensure that you maximize the most financial freedom from filing. When choosing a bankruptcy attorney, be sure to find one who gives you the personalized attention that you deserve. Bankruptcy cases are not cookie cutter situations. If you have just been through a divorce, you have specific individual financial needs that are inherent to your personal crisis. Your attorney will understand these needs and take the time to listen to your situation. Your bankruptcy attorney will offer a personalized solution that will best address your financial needs.
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