Divorce & Bankruptcy
Experienced Attorney Dedicated to Solving Family Issues
Divorce is a difficult time for both parties involved. Just as the division of assets and property must be managed, liabilities are also divided. Sometimes, the final property settlement for each spouse includes more debt than one or both individuals can handle. If you are thinking about divorce, you may want to consider filing for bankruptcy before dissolving the marriage and dividing property.
Sun Coast Law, Orlando handles clients with heavy debt, contemplating divorce. We offer comprehensive bankruptcy, divorce, and separation services in the region, including filing bankruptcy after divorce, chapter 7 bankruptcy divorce, filing bankruptcy during divorce, divorce settlement bankruptcy, filing bankruptcy before divorce, and more. Consult with us prior to filing for divorce to mitigate unnecessary financial liabilities from the marriage.
We thoroughly explain every phase of the bankruptcy process and help you explore all legal remedies within the law as it pertains to married couples. If you cannot file a joint bankruptcy, we can help you eliminate or restructure debt so that the final settlement is more manageable.
One Spouse Accepts Debt
As part of the divorce settlement, your spouse may accept your part of the joint debt. Even if this happens, your name will still be on every loan and credit card agreement the two of you ever shared.
If your spouse fails to make the agreed-upon payments, you are still liable in the eyes of the creditor. Even if you explain your financial arrangement to lenders who attempt to collect from you, this is usually of no consequence. Because of this, it is critical that your name is removed from loan and credit card agreements before your divorce is final.
If You Have Accepted the Debt as Part of Your Settlement
Once you accept the marital debt within the divorce settlement, it is difficult to have it discharged through Chapter 7 bankruptcy. Bankruptcy courts usually consider it part of the responsibility for spousal support. Because child support and alimony cannot be discharged under the bankruptcy law, you must reduce or eliminate any other debt before you and your spouse divorce.
Explore your options for bankruptcy and debt relief before you file. You may not be able to eliminate some debt after all.
If you’re considering divorce, contact Sun Coast Law to consult with a bankruptcy divorce lawyer today at, (844) 330-2727.
We offer an exclusive program of debt relief and credit score recovery in compliance with U.S Bankruptcy Code.
Means Test
- Florida Bankruptcy Means Test: Eligibility and Requirements
- Steps To Determine Eligibility for Bankruptcy
Chapter 7 Bankruptcy
- Chapter 7 Bankruptcy
- Who Qualifies for Chapter 7 Bankruptcy?
- Debt to be Discharged
- My Assets and Chapter 7 Bankruptcy
- Additional Chapter 7 Benefits
Chapter 13 Bankruptcy
- Chapter 13 Bankruptcy Florida
- Is Filing for Chapter 13 Bankruptcy the Best Choice For You?
- Why File for Chapter 13 Bankruptcy?
- How Chapter 13 Works
- The Chapter 13 Process
- Meeting Chapter 13 Qualifications
- Discover the Benefits of the Chapter 13 Repayment Plan
- Benefits of Chapter 13
- Chapter 13 Bankruptcy Attorney
Chapter 7 vs Chapter 13
- Chapter 7 vs Chapter 13
- Chapter 7 Bankruptcy
- Will You Qualify for Chapter 7 Bankruptcy?
- Chapter 13 Bankruptcy
Chapter 13 Bankrutpcy Timeline
- Chapter 13 Bankrutpcy Timeline
- Chapter 13 Bankruptcy in Florida - What will happen?
- Chapter 13 Timeline
- Changes During the Three to Five-year Repayment Period
- What if I have filed for Chapter 13 bankruptcy before?
- Chapter 13 Bankruptcy Florida
- Is Filing for Chapter 13 Bankruptcy the Best Choice For You?
- Why File for Chapter 13 Bankruptcy?
- How Chapter 13 Works
- The Chapter 13 Process
- Meeting Chapter 13 Qualifications
- Discover the Benefits of the Chapter 13 Repayment Plan
- Benefits of Chapter 13
- Chapter 13 Bankruptcy Attorney
If you need to find a solution, contact a member of our team. SunCoast Law can help! We offer free initial consultations to all of our clients and would be happy to meet with you one-on-one.
