Bankrupt, Declaring Bankruptcy, Bankruptcy
March 24, 201752

Bankruptcy Advice – Filing For Bankruptcy and Divorce

Posted by:Charles Bosse onMarch 24, 2017

Everyone experiences challenging times in their life. Job loss, severe illness, and unexpected pregnancies are just a few of these. A leading reason why these events are so stressful is because financial complications are usually accompanied with them. In many cases, financial troubles are the leading cause of divorce, and on the other hand, divorce can be the leading cause of bankruptcy. So, it’s not surprising that we occasionally see these two events happen in unison. Whilst both actions are separate, the emotional features of such decisions can create potential issues that cross paths and can lead to a time-consuming and painful process for both parties.

If you and your spouse have concluded that divorce and bankruptcy are the best options in moving on with your lives, there are a number of options that you must keep in mind. This article aims to shed some light into a common question experienced by many in this position– which comes first: bankruptcy or divorce? Unfortunately, there is no ‘one-size-fits-all’ approach to answer this question, as there are a few issues to consider.

To answer this question, you should talk about your particular circumstances with a professional bankruptcy expert. You’ll need to discuss how you anticipate dissolving the marriage– will the divorce be contested or uncontested? Or will some issues be contested that will require lawsuits? Commonly, divorces are a very complicated process and there will be matters that emerge without your prior consideration. This merely emphasises the value of effective research and preparation.

If you’re confident that your soon to be ex-spouse will not see eye to eye on how you can distribute your assets and debts, and litigation is more than likely, the first step you should take is to seek a capable divorce lawyer. The key to a successful conclusion for both bankruptcy and divorce is having skillful legal support. Both your bankruptcy expert and divorce lawyers will want to talk regularly to ensure they have all relevant information to give you the best case possible. Whilst both events are separate, there are issues that will develop in both cases that can considerably affect the result of each outcome.

Sometimes, filing for bankruptcy before filing for divorce is beneficial. Both you and your spouse have the option of filing a joint bankruptcy, along with individual bankruptcies. Normally, both you and your spouse will owe creditors jointly, in which case filing for joint bankruptcy may be an enticing option. If you have not filed for divorce at this point, then bankruptcy can dramatically help to eliminate joint debt, and aids in the distribution of property when the divorce is ultimately filed. While bankruptcy does not split joint assets and debts, it can usually remove substantial amounts of joint marital debt.

The most prevalent issue here is that filing for joint bankruptcy implies that you and your spouse will need to make joint decisions. If this is not possible, then joint bankruptcy will not be a solution. In addition, once a divorce is filed, it’s very likely that both parties will not come to an understanding issues relating to bankruptcy, further complicating the process. If your soon to be ex-spouse refuses to file for bankruptcy, then the process changes even further. Always bear in mind that a divorce does not have any effect on filing for bankruptcy, either jointly or individually, and this can be done any time prior to, during, or after a divorce.

While both bankruptcy and divorce are difficult and time-consuming processes, they’re also a chance to move on with your life and start over again. Understanding the complexities of both actions is the key to successful outcomes, so an experienced legal support team is paramount. If you’re in a situation where you and your spouse can agree and make joint decisions, then usually both actions will be less costly and time consuming. What is clear is that you should invest the time and money on experienced law firms relating to both your divorce and bankruptcy. To find out more, or to talk with someone about your personal circumstances, contact Fresh Start Solutions on 1300 818 575 or visit




    where to buy viagra online viagra from india


    how much is viagra: viagra without a doctor prescription – viagra from india


    ed doctor canadian pharmacy online – canadian pharmacies that deliver to the us


    ed pills for sale ed drugs online from canada – discount pharmacy mexico


    zestril 10 mg cost cheap lisinopril – lisinopril 80mg

    web hosting what

    Magnificent items from you, man. I have understand your stuff
    previous to and you’re just too excellent. I actually like what you’ve acquired here, certainly like what you’re stating and the way during which you
    assert it. You are making it entertaining and you still care for to stay it smart.
    I can not wait to read much more from you.
    That is actually a great web site.

    codiamy – can you buy stromectol over the counter in tijuana, mexico

    Thank you for the good writeup. It if truth
    be told was a amusement account it. Look advanced to more brought agreeable from you!
    By the way, how could we communicate?


    what is kamagra oral gel

    Excellent article. Keep writing such kind of information on your site.
    Im really impressed by your blog.
    Hey there, You have done an incredible job.
    I will definitely digg it and for my part recommend to my friends.

    I am sure they will be benefited from this site.

    asmr where

    Thanks very interesting blog!

    why scoliosis surgery

    Hello colleagues, pleasant piece of writing and good arguments commented
    at this place, I am truly enjoying by these.


    It’s nearly impossible to find well-informed people on this
    topic, but you sound like you know what you’re talking about!

    Every weekend i used to pay a quick visit this web site,
    as i wish for enjoyment, for the reason that this this site conations in fact pleasant funny material

    asmr when

    Keep on working, great job!

    Magnificent site. Plenty of helpful information here. I
    am sending it to some buddies ans additionally sharing
    in delicious. And certainly, thank you to your sweat!

    scoliosis surgery there

    Excellent goods from you, man. I’ve understand your stuff previous to
    and you are just too magnificent. I really like what you’ve acquired here, certainly like what you’re stating and
    the way in which you say it. You make it entertaining and you still care
    for to keep it wise. I can’t wait to read far more from
    you. This is really a great web site.

    does propecia regrow hair

    Tadalis Sx Soft Canada Online Pharmacy

    Hi it’s me, I am also visiting this web site on a regular basis, this web site is really pleasant and the visitors are genuinely sharing pleasant thoughts.
    asmr asmr

    on quest bars

    Terrific work! That is the type of information that are supposed to be shared across the net.

    Shame on the search engines for now not positioning this put up higher!
    Come on over and visit my website . Thank you =) quest bars quest bars

    I have been exploring for a bit for any high-quality
    articles or blog posts in this sort of area .
    Exploring in Yahoo I finally stumbled upon this web site.

    Reading this info So i’m glad to express that
    I have an incredibly good uncanny feeling I found out just
    what I needed. I most no doubt will make sure to do
    not put out of your mind this site and give it a look
    on a relentless basis. scoliosis surgery scoliosis surgery

    Why people still make use of to read news papers when in this technological world all is presented on net?

    cheap flights cheap flights

    I am genuinely pleased to glance at this webpage posts which includes
    plenty of helpful data, thanks for providing these kinds of data.
    scoliosis surgery scoliosis

    First of all I would like to say superb blog! I had a quick question that I’d like to ask if you do not mind.
    I was interested to know how you center yourself and clear your mind before writing.
    I’ve had a difficult time clearing my mind in getting my thoughts out there.

    I truly do take pleasure in writing but it just seems
    like the first 10 to 15 minutes are generally wasted simply just trying to figure out how
    to begin. Any ideas or tips? Kudos! quest bars quest bars

    bookmarked!!, I really like your website! ps4 games ps4

    GloppySap – priligy and cialis together


    Here lives a caitiff wretch would sell it him.’


    But I will watch you from such watching now.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyrights © Bankruptcy Experts Pty Ltd.