Have you been through a divorce, or are you facing divorce in the future? Bankruptcy can impact both spouses in some cases, whether they’re still together or in the process of being separated, and it’s important to know what may happen to the both of you in a Chapter 7 bankruptcy.
If you’ve gone through with a divorce already and are now paying child support or alimony to your ex-spouse, you cannot use Chapter 7 bankruptcy as a means to avoid these obligations. Alimony and child support are non-dischargeable debts, meaning they will remain your responsibility even if your petition for Chapter 7 bankruptcy is successful.
Any other debts arising from a marital settlement agreement or a divorce decree can also be non-dischargeable. Even if you’re not the person filing for bankruptcy, if you owned any joint property with your ex or soon-to-be ex-spouse it may be at risk in the divorce case.
Whenever bankruptcy comes into the picture when you’ve been or are going to be divorced, it’s important to seek the help of a Dallas bankruptcy attorney for your own protection. There are many cases in which some marital property could be liquidated during your spouse’s bankruptcy, and your attorney can help you explore your options to protecting your rights and assets.
Protecting your rights during a Chapter 7 bankruptcy is an important job that a Dallas bankruptcy attorney can help you with. Before making the decision to file, have your attorney provide you with Chapter 7 bankruptcy information in Dallas.
Get Chapter 7 Bankruptcy Information from Dallas Bankruptcy Attorneys
When you are facing debt collectors, struggling to make bill payments, and are having difficulty making ends meet, life can be frustrating. Facing financial troubles alone can only add to your stress and put you at risk of making poor choices in finding relief.
At Warren & Migliaccio, L.L.P. our Dallas bankruptcy attorneys want to help you make the best financial decisions for your situation. We’ve helped clients file Chapter 7 and Chapter 13 bankruptcy and work toward rebuilding a new credit history. We also provide guidance for homeowners facing foreclosure, and debtors being harassed by collection agencies.
We offer a FREE, no-cost consultation to discuss your reasons for filing bankruptcy. With the help of our attorneys you can make informed decisions about your financial future and work on getting your life back on track. Call us at 1-888-584-9614 or contact us online to schedule an appointment today.