Divorce and Bankruptcy
Divorce and bankruptcy have a complicated relationship. A divorce may lead to financial disruption that could result in bankruptcy, or alternatively, a challenged financial situation could lead to divorce. In any case, men and women facing divorce must have a clear understanding of their rights and options. They will also want to know how bankruptcy of a current spouse could affect their financial status, including their credit.
The Law Office of Ronald V. De Caprio is dedicated to helping clients achieve financial independence through debt relief strategies that include bankruptcy. We counsel and represent clients who are in the midst of divorce and are considering bankruptcy. We also assist individuals who have already divorced and are now facing financial problems as a result. Our goal is to help clients protect their rights and their financial interests now and in the long term.
Bankruptcy And Marriage Dissolution In New York
Remember that even after divorce, both spouses are responsible for debts incurred during the marriage. While the divorce settlement will most likely divide these debts, creditors can still come after either spouse for payment. If one spouse files for bankruptcy, the other could be held liable to satisfy the unpaid debts. Our attorneys are experienced with divorce and bankruptcy issues involving:
- Former spouse filing bankruptcy
- Bankruptcy and alimony or support issues
- Bankruptcy after divorce
- Credit card debt
If it is clear that divorce is on the horizon, it may make more sense to file for bankruptcy prior to divorce. When this action is taken early on in the process, both parties will have a clear understanding of their rights and obligations. Our lawyers advise and counsel persons who are concerned about unpaid debts that have accrued during a marriage. Our goal is to protect our clients’ financial interests and their futures.