Planning to get a divorce? Consider what might happen if your ex-spouse files bankruptcy. If you don't, you might be in for a big (and bad) surprise.
If a spouse of a married couple files bankruptcy, a later property settlement might have unintended results. Let's see why.
There's nothing simple about divorce and bankruptcy. We'll peel off one leaf of that very large subject and see what can happen if someone files bankruptcy after a divorce with a property settlement. (more…)
Ex-husband kept one credit card, I kept another. Both of us signed onto both cards. He charged $30,000 on "his" card and is not making payments. That credit card company is coming after me. Am I responsible for his charges on that card? What can I do? Do I need to file bankruptcy to protect myself?
Bankruptcy and divorce are often contemplated at about the same time. Here's the short version of answers to common questions involving bankruptcy and divorce. (more…)
I got divorced three years ago and have to pay my ex-wife $2,500 a month under our divorce agreement. If I file bankruptcy, will that go away? (more…)