Should You File for Bankruptcy During Divorce?

Aug 8, 2012 by

It is no secret that financial problems are among the most common causes of divorce. Financial distress can drive a big wedge between spouses. Filing for bankruptcy can be the cause of a divorce or it can be the result of a divorce when financial burdens dictate that debt relief is a necessary part of the divorce process. In almost every case, the cost of maintaining two separate households is greater than living together and there may not be enough cash for both to pay off debts and start...

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Can I file bankruptcy during a legal separation without damaging my husbands credit?

Aug 8, 2012 by

Question:  Can I file bankruptcy during a legal separation without damaging my husbands credit? We have separated all the bills and I will not be able to afford my portion. If I file for bankruptcy will it affect him at all? State:  California Answer:  Hmmm. It sounds like you are going to need to consult a bankruptcy attorney. The handling of debt settlements changed with the 2005 Bankruptcy Code. Prior to the change you could file...

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