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Tag Archives: unsecured debt

Filing Bankruptcy Before a Divorce

Whether financial stress is a factor before or after divorce, bankruptcy and divorce are legal actions that are often interrelated. When planning for divorce, it is important to understand the consequences of your timing for filing bankruptcy. The advantages of filing bankruptcy prior to divorce are: Simplifies issues in the divorce, i.e. neither party gets… Read More »

Deciding Whether to File Chapter 7 or Chapter 13

Various factors come into play when deciding what type of bankruptcy to file.  The entire purpose of filing bankruptcy is to wipe debts clean and restore solvency.  Because filing an inappropriate form of bankruptcy may not serve the intended purpose, it is important to carefully evaluate the types of bankruptcy. Exempt assets Depending on which… Read More »