Filing for Divorce During Bankruptcy
In our society, often families can only make ends meet when both individuals are working full time. When a marriage ends, the two incomes that were once used to support a household are divided along with everything else. Divorce is a financial burden on both parties, and it is one of the main reasons people have to file for bankruptcy. If you concerned about the effects of bankruptcy on your divorce, you need to speak with a bankruptcy attorney.
Our lawyers at Atlas Consumer Law provide our clients with sound legal advice and experienced representation on their bankruptcy matters. Located in Lombard, Illinois, we handle bankruptcy cases throughout Chicago and the surrounding suburbs.
Contact us today online or by telephone at (312) 313-1613 to speak with an experienced bankruptcy attorney. We will address any concerns you have about filing for divorce during bankruptcy.
Helping Clients Like Blake and Crystal
Blake and Crystal* were married in 2000 and have three children together. The couple started having financial difficulties in 2009 when Blake lost his job because of the recession. The financial difficulties made married life unbearable, and ultimately the couple decided to get a divorce. Since they had always been a two-income family, Blake and Crystal are examining the possibilities of bankruptcy as well. But how should they proceed? You may be facing the same difficulties and be wondering how to proceed. Our lawyers can help.
Helping Clients Work Through Bankruptcy and Divorce
We take the time to explain that there are options when it comes to bankruptcy. You and your spouse may decide to file bankruptcy together, before your divorce judgment, or you may decide to file bankruptcy after your divorce. If you choose to file together prior to the divorce, your case will be halted until the bankruptcy is complete and debts have been settled.
- Either way, you are likely interested in information:
- How is spousal support viewed?
- How will property be divided?
- How will this affect retirement?
Generally speaking, child support cannot be discharged in bankruptcy. Spousal maintenance cannot be discharged in a Chapter 7, but may be reorganized as a part of Chapter 13 under specific circumstances. Whatever your questions, our lawyers will walk you through your options. We will help you understand how your bankruptcy affects your divorce and how your divorce affects your bankruptcy. We will collaborate with your divorce attorney in regard to your joint or individual bankruptcy filings. We have the bankruptcy experience you need to provide the best possible options for your situation.
*Blake and Crystal are fictitious characters created for the purposes of explaining and illustrating various bankruptcy situations.
Are you struggling with debt and divorce problems in Illinois? Contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago bankruptcy lawyer.