Bankruptcy and Divorce
Two of the most stressful events that can occur in a person’s life are bankruptcy and divorce. Each is difficult can be very emotional. If you are considering filing both bankruptcy and divorce, then you should retain an experienced divorce attorney and a bankruptcy lawyer to handle your cases. A bankruptcy attorney can give you information to help you make informed decisions in regard to filing bankruptcy, including:
- Helping determine what type of bankruptcy to file, Chapter 7 or Chapter 13.
- Outlining the tax implications involved with filing for both bankruptcy and divorce.
- Assisting you with the decision of when it would be most beneficial to file bankruptcy (before or after divorce.)
- Discussing what items you qualify to keep if you file for bankruptcy.
Once the above decisions have been made, your bankruptcy attorney can then help you fully prepare for the bankruptcy process. If it is determined that it is best to file bankruptcy before your divorce, then your bankruptcy lawyer will begin working on your filing right away. If you plan to file after divorce, then it is important to keep your bankruptcy lawyer apprised of when the divorce is scheduled to occur and advised of any changes in your situation or status.
Drose Law Firm has more than 30 years of experience in the practice of bankruptcy. Charleston residents and those in surrounding areas trust us because of the attention to detail and personalized care we put into each case we handle. If you need a bankruptcy attorney, we can help. Give us a call to schedule a consultation today.