Financial problems frequently go hand in hand with family law issues. Not having enough money can create damage in your marriage or cause problems with a child support claim. Bankruptcy is a common theme in family law matters.. Either upon splitting up, the spouses can’t pay the family debts, or one spouse seeks to use bankruptcy as a weapon against the other spouse, or the other spouse’s lawyer. Further, after couple’s divorce, it can be difficult to adjust to living on one income if you have been used to dealing with two. Not surprisingly, family law and bankruptcy often seem to go hand in hand.
Bankruptcy during divorce presents a lot of issues. In most cases you and your spouse share debts so, prior filing for bankruptcy, you must understand and consider how this will affect the other person. You also need to consider the effects of property division on bankruptcy, especially if you have complex assets.
When bankruptcy and divorce or another family law issue arises at the same time, questions in connection of the laws in each area create, such as:
For those divorcing or divorced, the bankruptcy issues generally fall into three categories:
For these and other questions, it is important that you get concrete answers from an attorney who knows bankruptcy inside and out. Attorney Lozano’s dynamic approach to bankruptcy and family law has worked well for our clients. Find out what we can do for you!
At Lozano Law Offices, we understand all aspects of Chapter 7 bankruptcy and Chapter 13 bankruptcy. We work closely with clients who are facing bankruptcy during a divorce. We welcome the opportunity to meet with you and discuss your particular situation. To schedule a free initial consultation, call us at (510) 538-7188 or contact us online.