Bankruptcy During Divorce
Understanding Where Divorce and Debt Meet
If you are ending your marriage and struggling with debt, it is important that your lawyer understands exactly how divorce and bankruptcy affect one other. At the Law Office of Jennifer Casey in The Woodlands, Texas, my entire legal practice is dedicated to these two areas of law.
Timing Is Everything in Bankruptcy and Divorce
During divorce, all property and debts are divided between spouses. When there are more debts than assets and bankruptcy becomes necessary, this can have a significant impact on the outcome of the divorce. The timing of any bankruptcy filings and the status of your debts will have a significant effect on your finances for years to come.
Depending on the circumstances of your divorce, it might be better to file a joint bankruptcy before filing a divorce, or it might be more advantageous to file for divorce first and then bankruptcy. I will help you assess your options and determine if or when to file for bankruptcy.
As an experienced lawyer who practices both divorce and bankruptcy law, I will ensure you have all of the information you need to make sound decisions about divorce and debt relief.
How Does Bankruptcy Affect Child Support and Alimony?
If you or your spouse files for bankruptcy during the divorce process, this could have a notable effect on your divorce settlement. Whenever someone files for bankruptcy, an automatic stay goes into effect. This means no property can be transferred and no debts can be collected, which can essentially put a divorce on pause.
The automatic stay will not stop the payments of child support or spousal support for existing orders, but it can delay the collection of support payments and it may affect the outcome of divorce negotiations.
If you or your spouse files for bankruptcy during divorce, it is important that your divorce attorney has a deep understanding of bankruptcy law in order to protect your rights.
I am committed to helping my clients resolve their debt problems and obtain a divorce in the best possible way.
Call for a Free Personal Bankruptcy Consultation
Please call 281-528-1948 or fill out this form to schedule a confidential consultation about your divorce and/or debt concerns. Appointments are available during normal office hours, and after hours by request.
I represent clients in Harris County and Montgomery County.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.