File for Bankruptcy and Divorce in North Carolina
Considering how closely financial issues tie into divorce, it is not surprising that bankruptcy often precedes divorce or comes soon after. When divorce and bankruptcy are interlinked, there are unique issues that need to be taken into consideration. An experienced family law attorney can review these issues with you.
At Weaver, Bennett & Bland, P.A., in Matthews, we have more than 30 years of experience helping people in Union County and the Charlotte area. If you are considering filing for divorce and filing for bankruptcy, we will work hard to protect your interests on both fronts.
Bankruptcy Before Divorce
Whether filing Chapter 7 bankruptcy or Chapter 13 bankruptcy before divorce, the key issue to keep in mind is that, while the spouse filing for bankruptcy will be protected, the non-filing spouse may still be liable for any joint debts. In other words, the non-filing spouse may be forced to file for bankruptcy as well to protect him or herself.
We will carefully review all debts and all repercussions to ensure that the steps you are taking are the right ones for you and your loved ones.
Bankruptcy After Divorce
Before filing for bankruptcy after divorce, it is important to analyze the debts involved. Neither Chapter 7 bankruptcy nor Chapter 13 bankruptcy will eliminate property settlement agreements or equitable distribution agreements. Likewise, they will not relieve any unpaid child support or alimony, nor will they address any future support payments.
While filing bankruptcy doesn't directly relieve these financial burdens, it still may be helpful. By eliminating other debts, bankruptcy may free up the financial resources you need to pay your divorce obligations. We can help you determine whether this is the right choice for you.
How Can We Help You?
If you are considering bankruptcy either before or after divorce, and you want sound guidance, call 704-321-8031 or e-mail us to schedule an appointment with our experienced family law lawyers.
