Bankruptcy And Divorce
DuPage County Attorneys For Bankruptcy And Divorce
Bankruptcy and divorce: two legal issues that often go hand in hand. Oftentimes, debt problems cause marital strife, eventually leading to bankruptcy. Conversely, a divorce can cause severe financial strain, leading recently divorced spouses into debt problems and bankruptcy.
At Lynch Law Offices, P.C., in Lisle, Illinois, we are knowledgeable of the ways in which bankruptcy law and divorce intersect. We are experienced bankruptcy advocates who can help you navigate these complex legal and financial matters. If you live in DuPage County, please call our law office at 630-761-5274 to schedule a complimentary consultation to discuss your situation.
Bankruptcy And Divorce: When To File?
When considering bankruptcy and divorce, timing is everything. Generally, couples are better off filing for bankruptcy prior to getting divorced. They benefit because there is only one filing fee and property division matters are typically much simpler after a bankruptcy than before.
Filing for Chapter 7 bankruptcy prior to divorce eliminates unsecured debt. If one spouse files for bankruptcy after the divorce, the other spouse may still be responsible for all of the debt. It is very important to protect your rights by consulting with your attorney if you face divorce, and you and/or your spouse have significant debt problems.
Your situation is unique, and these general guidelines may not apply to you. You should not make any important decisions before consulting with an experienced Illinois bankruptcy lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.