Boca Raton Marital Debt Attorney
Are you facing bankruptcy while your marriage is falling apart? Are you considering filing for bankruptcy before or during your divorce? Filing for bankruptcy can impact your divorce settlement as well as the division of assets and debts in your divorce. If you are considering divorce and bankruptcy, you need a skilled attorney to help you.
At the law office of Alan J. Fisher, we help clients in southeastern Florida and the Treasure Coast who need help with bankruptcy during, before or after a divorce. From our offices in Boca Raton, Port St. Lucie and Lake Worth; bankruptcy and divorce attorneys at our firm offer free initial consultations so we can help you learn about your debt relief options. To contact our bankruptcy law firm, call 561-300-3375 or call us toll free at 800-901-0001.
Understanding Bankruptcy and Divorce
A bankruptcy might affect the division of marital property and debt in your divorce. In Florida, assets and debts acquired during the marriage are divided equitably during a divorce, including:
- Medical expenses
- Credit card debt
- Equity in your home and mortgages
- Bank accounts
- Vehicles and car payments
- Retirement funds
While marital property is divided in a divorce settlement, your divorce will not affect the agreements you and your spouse have with creditors. For example, if you and your spouse co-signed on a car loan, your name will still be on the loan after the divorce, regardless of whether or not your ex-spouse took the car in your divorce. If your ex-spouse then defaults on the car loan, you can be held liable for the debt.
Alimony and Child Support
It is important to remember that child support and alimony obligations cannot be discharged in bankruptcy. If you cannot afford your bankruptcy payments, you may need to get a modification in order to stop wage garnishment or the seizure of your assets.
Experienced Boca Raton Marital Debt Attorneys
At our firm, we understand the implications your divorce can have on your bankruptcy and vice versa. Working closely with accountants and financial experts, we will work to develop a bankruptcy plan that protects your interests now and into the future. Attorney Alan J. Fisher can help you file for Chapter 7 or Chapter 13 bankruptcy before, during or after your divorce, so you can wipe the slate clean and get started rebuilding your finances.
Contact Our Bankruptcy Law Firm
We can answer your questions about bankruptcy and how it may affect your divorce settlement in Florida. Contact a Boca Raton marital debt lawyer at our firm to discuss your bankruptcy and to get started developing a debt relief plan.
