Bankruptcy gives you immediate and long-term relief from your creditors. But there are many other unexpected benefits of bankruptcy. The next 12 blog posts will be about some of the most powerful and surprising benefits of bankruptcy. You’re likely considering bankruptcy because you need financial relief. You need immediate relief from debt collection pressures. You need long-term relief from having to pay … Read More
Chapter 7 doesn’t write off any divorce-based debts. But Chapter 13 DOES write off non-support divorce debts.
Can you and your spouse file bankruptcy together when you are about to get divorced? Should you?
Think long and hard before filing a Chapter 13 “adjustment of debts” case together with your spouse if your marriage won’t outlast it.
Although rare, sometimes it’s best for one of you to file a Chapter 7 case and the other a Chapter 13 one.
Be very cautious about filing without your spouse if the main reason for doing so is that you believe only you are liable on the debts.
If your divorce decree obligates you to pay other than child or spousal support, Chapter 13’s “super discharge” may hugely help.
Here are the direct answers to some important threshold questions about bankruptcy involving divorce.