Divorce and bankruptcy are both emotionally challenging and legally complex. If you are considering divorce and bankruptcy, it is important to work with an experienced Newtown attorney who can protect your interests and guide you through the process.
Divorce During Bankruptcy
If both parties are responsible for a significant amount of the family’s debt, they can still file for joint bankruptcy even if they are divorcing, as long as the divorce has not been finalized. Some benefits of filing jointly for bankruptcy include:
Filing joint bankruptcy before the divorce can be more cost-effective: When you file jointly, you can pay for one bankruptcy for the both of you rather than each paying full price for the process after the divorce.
When one spouse files alone, it will impact the liability of the other: In many cases, the other spouse will remain liable for the joint debts of the bankrupt spouse.
Bankruptcy may not prevent the divorce court from issuing financial orders against the debtor: The divorce court can hold either or both spouses liable for marital debt.
At Bellenot & Boufford, LLC, we have been representing Connecticut clients in divorce and bankruptcy proceedings since 1990.
Contact Our Attorneys for Divorce and Debt-Relief Matters ∙ Free and Meaningful Phone Consultations
If you are facing divorce and bankruptcy, we want you to have the peace of mind that comes from knowing your options. We offer free consultations, so you can discuss your possible choices with an experienced lawyer and make smart decisions going forward. Call 203-304-9050 (877-286-3414 toll free) or contact us online to schedule your free initial phone consultation with Bellenot & Boufford, LLC.