Category Archives: Bankruptcy

Divorce and Bankruptcy

In a desperate bid to avoid financial collapse many floundering homeowners try to save their homes using credit cards to pay daily expenses and, as their situation worsens, even to make mortgage payments. By the time they realize this routine … Continue reading

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Before Filing for Bankruptcy

For some people, bankruptcy and divorce (or divorce and bankruptcy) go hand in hand. Money problems and financial woes contribute to the failure of many marriages, but planning ahead can make a divorce and a bankruptcy less stressful, less complicated … Continue reading

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Joint Bankruptcy Can Ease Financial Stresses of Divorce

Divorce is an overwhelming stressful event in most people’s lives, and financial difficulties are one of the leading causes of marital failure. According to Robert J. Harris, a divorce attorney, “There are two situations we see most often. First, where … Continue reading

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Bankruptcy Can’t Eliminate All Debts

Child support and alimony/spousal maintenance are among four categories of debts that cannot be discharged by either Chapter 7 or Chapter 13 bankruptcies. Many types of debts may be discharged through bankruptcy; however, these two are called non-dischargeable debts. In … Continue reading

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Using Bankruptcy to Cheat the Former Spouse

Sometimes former spouses try to use bankruptcy to get around living up to the demands of a property settlement agreement. The language of the divorce decree can reduce the chance that the bankruptcy court discharges the debt. In divorce settlements, … Continue reading

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Time and Place is Important in Bankruptcy and Divorce

Filing for bankruptcy in conjunction with a divorce can be very attractive to a couple whose marriage is breaking up because it affords the spouses the chance of “a true fresh start.” Divorcing couples weigh whether to file for bankruptcy … Continue reading

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Divorce and Bankruptcy – They Can Go Together Like Bacon and Eggs

Sadly, very often divorce and bankruptcy deliver a one-two punch that sends formerly married couples reeling for years. Not only do the parting spouses face the pain and suffering of divorce, which can be one of life’s most stressful events, … Continue reading

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