Divorce and bankruptcy often go hand in hand. Many marriages have suffered and ultimately ended, due to debt problems and other financial strains. On the other hand, divorce often results in financial hardship, leading a recently divorced person into bankruptcy.
If you face divorce and debt problems at the same time, you can benefit from the advice and representation of an attorney who understands both of these practice areas. At sherlock // anderson, pc, our lawyers have experience representing clients in divorce and other family law issues as well as a strong understanding of the financial issues that can lead to bankruptcy.
Issues Involved Divorce And Bankruptcy
During a divorce, you have to provide full financial disclosure to facilitate your property settlement and the division of marital assets. We examine your overall financial situation and provide advice and counsel on issues where the divorce process intersects with bankruptcy, including:
- How will my debts affect my property settlement?
- What if my spouse files for bankruptcy before or after divorce?
- Will debts be divided equally or pro-rata?
- What happens if my spouse files for bankruptcy?
- Will a Chapter 7 or Chapter 13 bankruptcy affect my divorce differently?
- Is my property covered under California bankruptcy exemptions?
Every situation is different. The right strategy for you depends upon a number of factors, including your income and assets and the amount and nature of your debt. Our attorneys will work with you to account for your debt issues while achieving your goals in divorce.
Contact Us For Help
When facing complex and intertwining legal issues such as divorce and bankruptcy, the sooner you begin planning, the better. To begin exploring your options, call our Roseville office at 916-757-6630 or contact our law offices online.