Bankruptcy and divorce can become very complicated, leaving some debtors unable to discharge certain debts if they fail to work with experienced and competent counsel. One of the reoccurring issues related to bankruptcy and divorce is the obligation of debtors to reveal their intentions to file bankruptcy to their soon-to-be ex-spouse. In the 2008 Texas [...]

Divorce and finances can be a messy mix. Often after a divorce one spouse is left cleaning up the financial mess made by the other. But what should you do when an ex-spouse maxes out a credit card that still has both of your names tied to it? First of all, you need to find [...]

In the bankruptcy case involving divorce and a Chapter 7 bankruptcy , a debtor allegedly used the threat to waive his bankruptcy exemptions as leverage in his divorce proceedings. The details of the case: The debtor filed Chapter 7 bankruptcy in March 28, 2005 and in July 2005 the bankruptcy court ordered the lifting of [...]

Many couples struggling with marital debts that has been piling up every since their wedding day, have successfully used bankruptcy to get a fresh financial start. But what happens when couples are in debt and heading towards the divorce court? Things to consider before you file divorce with debt: Debts accrued during the marriage will [...]

According to an article in the The Dallas Morning News, many divorcing couples are finding themselves returning to the negotiating table after one party faces a job loss , reduced income or some other financial crisis. With the economy in turmoil, divorce settlements are becoming more fluid as job losses, foreclosures and bankruptcies reach a [...]

Sometimes couples who are clearly hostile towards each and clearly want to divorce are entangled in a web of debt. Is it in the best interest of these couples to file bankruptcy before they file for divorce? Sometimes it is in the best interests of both parties to file bankruptcy before divorcing. First of all, [...]

The 2005 bankruptcy law made non-support obligations from a divorce dischargeable in a Chapter 7 bankruptcy only if the discharge would not harm the spouse who is owed the obligation. However, Chapter 13 bankruptcy makes some debts from property settlements in divorce proceedings dischargeable under the law. Remember, only some property settlements, not support settlements [...]

If you're going through a divorce and you intend to file for bankruptcy afterwards, you may be required to disclose your intentions to your spouse. A recent case found a debtor's divorce related debts such as alimony non-dischargeable because he failed to disclose his intention to file for bankruptcy. The case, filed in the Southern [...]