Divorce is an unfortunate situation. So is a bankruptcy. When you want to file a bankruptcy at the time of your divorce, as a part of it, you need to consider a lot of issues related to it. You need to understand the key aspects involved in it. There are certain debts you can avoid however; you cannot avoid some of your liabilities like your taxes, spouse support, and child support. If there are a lot of debts that may arise after settlements of divorce, you can certainly avoid them unless your spouse makes any objection to this whole process of filing bankruptcy.
Bankruptcy Attorney Las Vegas, Bankruptcy Attorney Tampa Florida, Blockbuster Bankruptcy,
There are so many other issues as well that may arise in a joint debt agreement. For example, let us assume that there are two joint credit cards in both of your names that impose a total limit of $40,000 on both of you. In your settlement process, you agree to pay debts for one of the cards as you want to split the debts. Now, two years after the divorce settlement, if your ex-spouse files a bankruptcy, she shall be relieved for half of the debts i.e. $10,000 and you will have to pay a total of $25,000. That's how it becomes a problem for you.
To resolve such issues, make sure you settle every financial issue in the lump-sum. Also, if you feel that both of you will have to pay some money over a period of time, split your joint debt and make it as a separate debt. This means that you open a new account and transfer all your joint debt into a separate account so as to avoid the above situation.
To organize your debts and credit at the time of divorce, do take some professional help. Consult some lawyer in your area to help you out. Also, it is quite easy to find a lawyer nowadays as many websites have come up with facility to locate a lawyer online.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
Rating of File For Bankruptcy
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment