The Challenges Of Divorce And Bankruptcy
Going through a divorce can be difficult and emotional as it is. If financial difficulties are thrown into the mix, it can place extra stress and strain on you and your family. During your divorce, it is important that you work with an attorney who knows how to recognize the signs of debt trouble, and can help guide you through your divorce so you are in the best possible position as you start your new life.
At Marrs & Terry, PLLC, we take a holistic approach to your divorce, looking at your goals and financial situation in addition to the legal steps necessary to finalize your divorce. As a firm that handles both divorce and bankruptcy, we are well-positioned to provide you with the advice and support you need regarding your situation. Contact an attorney at our firm online or call 866-665-8095 to discuss your divorce.
Will Divorce Put You In Debt?
A divorce can be costly, not just financially but also emotionally. You do not need to exit your divorce drowning in debt, however. Our lawyers can help you understand your options and determine a solution that works for you.
In some cases, it may be beneficial to file for bankruptcy before, during or after your divorce. Determining the right time to file for Chapter 7 or Chapter 13 bankruptcy will depend on your situation and your goals. Certain types of debt, including child support and spousal support, cannot be discharged through bankruptcy. Additionally, the division of debts and assets in your divorce may have a serious impact on your financial situation and obligations.
We can answer your questions about debt relief in your divorce. Our attorneys are dedicated to providing each client with the personal attention and knowledgeable advice they need at every stage of the divorce process and beyond.