Divorce and bankruptcy are stressful enough situations on their own. There are numerous important decisions and protections to consider, and the impacts of dealing with both a divorce and marital debt at the same time can be agonizing. At the Law Office of Stephen Ross in Pottstown, we work with clients whose issues in divorce were caused by their financial issues, or the expenses of divorce have left them with few other options besides bankruptcy.
Knowledgeable Guidance in All Divorce and Bankruptcy Situations
Before you or your spouse files for divorce, it is wise to have your financial situation evaluated by an accomplished Pennsylvania bankruptcy lawyer. Divorce is an expensive process that can have significant impacts on your financial situation, and it can further strain your finances if you enter the process unprepared.
If you think splitting assets is difficult, you may find that splitting debt is even more complex and contentious. Debts can be disproportionate between spouses, or they can be greater than the value of marital assets. Our experienced Pottstown divorce and bankruptcy attorneys can help you alleviate the stress and burdens of fighting over debts in court and help you make informed decisions during the process.
Contact us today. We will help you determine the best option for the best possible results in your complex situation.
Anticipating the Need to File Bankruptcy Can Save Time and Money
Our attorneys will help you determine your best options in resolving your financial troubles along with your divorce, whether that means filing for Chapter 7 or Chapter 13 bankruptcy, or pursuing alternatives to bankruptcy. We will make a full assessment of your circumstances and full financial picture. Then, we will discuss the most appropriate, protective and advantageous legal remedy for your case.
Bankruptcy can be a substantial strategic pull in divorce. If you file for bankruptcy before filing for divorce, you and your spouse can file a joint bankruptcy. A joint bankruptcy filing discharges unsecured debts equally, splits responsibility for debts equally, and saves time and money as opposed to filing separately. It saves attorneys fees, reduces the issues to settle in court and alleviates undue stress.
If you get divorced and then try to get rid of debt, you will encounter a much more arduous and contentious process with your ex-spouse. Debt responsibility is more complicated to define, court battles could ensue, and the prospect of enforcing fair and equitable payment schedules is much more difficult. You can save a substantial amount of time and money dividing property, a business or other assets in bankruptcy before you file for divorce.
Contact Our Plymouth Meeting Marital Debt Attorneys Today
Our attorneys are ready to discuss your concerns and provide answers. Contact our Pennsylvania debt relief law firm today to learn more about what we can do to help you overcome your legal troubles at 610-323-5300 | 800-799-1948.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
