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Filing for Divorce? What Will Your Debts Look Like?
There is no question that financial problems are among the leading reasons people cite for filing for divorce. Most people go into their divorce thinking about how to divide up community property and how child and spousal support will affect the final settlement. Many people don't realize until it's too late, however, that debt is also community property, subject to distribution between parties.
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If you are considering filing for divorce, talk to an attorney at the Florida Debt Relief Center, LLC, in Fort Lauderdale or West Palm Beach first. We will give you straight answers about your debt and whether filing for individual or joint Chapter 7 or Chapter 13 bankruptcy is in your best interest. We can guide you through the bankruptcy process before, during or after your final divorce judgment is set.
It is time consuming, expensive and frustrating to divide marital debt in a divorce proceeding. Bankruptcy will eliminate the problem prior to your settlement.
Contact us to arrange a free consultation today. Since 1991, our lawyers have helped thousands of people throughout South Florida. Before you move into your new future after divorce, make a complete break from your past debts. Let us help.
Why It Makes Sense to Eliminate Your Debts Before Your Divorce
Like everything else, dividing your debt will become a major point of negotiations during your divorce proceedings. That means both attorneys will spend hours pulling together financial records and receipts. Negotiations over who gets stuck with what family debt often require more billable hours than figuring out who gets the furniture. By eliminating your joint debt through bankruptcy prior to your divorce settlement, you can actually save a substantial amount of time. And in every divorce case, time is money.
Before you talk to your divorce lawyer, get straight answers about your debt problems. Contact us to arrange a free consultation today.
Family Law Attorneys, Could Your Client Benefit By Filing Bankruptcy?
If you have a client who would benefit greatly by eliminating or restructuring family debt prior to filing for bankruptcy, we would welcome a referral to our offices in Fort Lauderdale or West Palm Beach. We may be able to work out a professional relationship.
We are a debt relief agency. We proudly help people file for bankruptcy relief under the Bankruptcy Code.
