Bankruptcy and Divorce
St. Louis Bankruptcy Attorneys Give you The guidance you Need During A Trying Time
Nothing quite strains a marriage like chronic financial problems, and people thinking about divorce should often think as well about bankruptcy. If your marital problems are caused or aggravated by such financial pressures as unpaid bills, credit card collections, tax debts or a threatened or actual mortgage foreclosure, it makes sense to work with attorneys who understand both Missouri divorce law and federal bankruptcy law.
Understanding the Relationship Between Financial and Marital Problems
Contact the Law Office of Kenneth P. Carp in Bridgeton, MO to discuss your financial problems with St. Louis bankruptcy attorneys who know how divorce can affect a Chapter 7 or Chapter 13 case, and the other way around. We offer free consultations, and we can help you understand your legal and practical options.
Whenever possible, couples headed toward divorce with serious financial problems should file for bankruptcy relief while they are still married. There are so many advantages to a joint bankruptcy filing prior to divorce that bankruptcy should be the last thing you and your spouse can work together on.
These advantages go beyond the savings you can realize by paying a single filing fee and a single attorney’s fee to resolve debt problems through bankruptcy. You can also simplify the property and debt division problems you will need to resolve in a divorce by developing the necessary information first in your bankruptcy case, then discharging as much indebtedness as possible. This approach can later give each spouse a realistic chance of financial independence as he or she works through the property division and support obligations that get worked out during the divorce case.
We also work with people whose financial problems become especially serious after the divorce has been final. The expense of setting up a new household with support obligations can create severe financial pressures for people who have recently gone through a divorce, and bankruptcy can help relieve them.
Missouri Consumer Bankruptcy Lawyers: Call (636) 947-3600
Because different couples will have different kinds of debt pressure, timing considerations and objectives for life after divorce, legal advice based on close attention to your specific circumstances and personal goals will help you get the most out of your bankruptcy options while protecting important interests in your divorce. To learn more about the ways divorce and bankruptcy considerations can become interrelated, contact the Law Office of Kenneth P. Carp in Bridgeton MO.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.