Divorce And Bankruptcy
Divorce is an emotionally traumatizing experience, and it also frequently results in financial trauma that can follow you into your new life. Child support and alimony obligations may cut into your disposable income. If you are the recipient of these obligations, you may have trouble collecting them. You likely will have attorney fees and child representative fees remaining due. And you may have day care and transportation expenses that were not necessary when you were married.
As an experienced personal bankruptcy attorney, Brian G. Hiatt understands the financial challenges faced by people coming out of divorce. He can analyze your debt, income and assets to determine whether you may benefit from bankruptcy services following divorce.
You Have Debt Relief Options Following A Divorce
If your divorce has left your finances in shambles, you may benefit from filing Chapter 7 or 13 bankruptcy. Mr. Hiatt can help you determine whether either option suits your situation and can get the debt relief you need. If so, he will explain the process of filing, what to expect after the case is filed, and the cost. You may be surprised to learn how simple and quick the bankruptcy process can be compared to divorce.
What Happens If My Ex Fails To Pay A Shared Debt?
Divorce courts have the power to allocate debt, but a court order does not change your contractual liability on an account. If you have a joint debt with your spouse, the creditor can still attempt to collect from you if your spouse does not pay it back, even if he or she was ordered to pay the debt in divorce court.
You can ask the divorce court to hold your spouse in contempt, but this will not get the creditor off your back, and your spouse may not be sanctioned if the court determines he or she is unable to pay.
If you’re under fire for a debt from your marriage, talk to Brian Hiatt about your options. Filing bankruptcy may seem like an extreme solution, but if you are truly struggling after your divorce, it can provide much-needed debt relief so you can focus on moving forward.
Get answers to some frequently asked questions about bankruptcy and how it can affect your future.
Learn More About Divorce And Bankruptcy
If you have found that the division of debt in your divorce hasn’t been as equal as you initially thought, talk with lawyer Brian G. Hiatt about your options for seeking debt relief. Contact his firm in Bourbonnais by calling 815-304-5441 to schedule a free consultation. Evening and weekend appointments are available.
Brian G. Hiatt’s law firm is a debt relief agency. It helps people file for bankruptcy relief under the Bankruptcy Code.