Filing Bankruptcy after a Divorce
Divorce can be much more of a catalyst for bankruptcy than many people realize. When a couple is married, there is usually enough money to support one household. When the spouses separate, however, there is often not enough money to support two. Depending on the terms of the divorce agreement, it is possible for one or both spouses to be left in significant financial hardship.
If you are in the midst of a divorce or have been recently divorced and have concerns about the debt load you are facing, you would do well to seek the advice of an experienced Orlando bankruptcy lawyer who understands the law. At the Price Law Firm, we represent clients in all types of consumer bankruptcy matters.
Understanding What Bankruptcy Can Do for You in Divorce
Under the bankruptcy laws, there are certain types of debt that can be discharged and some that can’t. Any debt that was assigned to you in the divorce agreement may not be dischargeable, such as a credit card bill or a mortgage. In addition, you are not able to discharge financial obligations such as child support and alimony.
When you hire our firm, we will take the time to explain all your options and make you aware of the pros and cons associated with each one. In some cases, it makes the most sense for the spouses to file bankruptcy together before the divorce is finalized. This can frequently eliminate many of the debts that become issues later on.
To learn more about your bankruptcy options, contact the Price Law Firm. From our offices in Altamonte Springs in the Orlando-Kissimmee metro area, we represent clients throughout central Florida. To schedule a free consultation with an attorney, call 407-834-0090.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.