Family Law Now After Hours
Hosted this coming week by Family Lawyers Stephanie Brooks, Joseph Cugini & Golan Yaron, and Law Clerk, Courtney Derick.
Want to learn about bankruptcy and divorce?
We will be live at 5PM on November 26th on Zoom and our YouTube Channel, to provide an introduction to divorce and bankruptcy. This series is one of our many commitments to providing our community with valuable resources to support them in navigating family law matters.
Divorce and Bankruptcy: Understanding the Legal Intersection
The financial strain of divorce can sometimes lead to bankruptcy, creating a complex interplay of legal issues that must be carefully managed. Understanding how divorce and bankruptcy affect each other is essential for protecting your financial future.
Key Points to Consider
- Impact of Bankruptcy on Divorce Settlements: Bankruptcy can affect property division, especially if one spouse declares bankruptcy during divorce proceedings.
- Debt Management: Divorce often involves the division of debt. When bankruptcy is involved, it’s essential to understand which debts are dischargeable and which are not.
- Protecting Assets: There are legal steps that can be taken to protect certain assets from creditors during divorce proceedings.
- Spousal and Child decision making responsibility: Even in bankruptcy, spousal and child support obligations remain, as these debts cannot be discharged.
Conclusion
When divorce and bankruptcy intersect, careful planning and legal advice are crucial. A family lawyer with experience in both areas can help navigate these challenges and protect your financial future.
