The simple answer is yes, you can file bankruptcy anytime if you qualify. However, it may not produce the desired results. For example, maintenance, child support, and your divorce attorney's fee are generally not dischargable through a bankruptcy, meaning you will have to continue to pay those expenses as though you had not filed bankruptcy. Also, filing bankruptcy after a divorce can complicate some matters as well. For example, if one party is awarded the house or some other valuable property after a divorce, or one party's name remains on a mortgage, and that party then files bankruptcy, there will be some complications for both parties. It is important to speak with a bankruptcy attorney to understand the complete process before proceeding so no unexpected outcomes result.
http://www.westmontattorneys.com
Wednesday, May 16, 2012
Monday, May 7, 2012
HOW DO I PREPARE MYSELF FOR A HIGH NET WORTH DIVORCE?
I am often approached by clients who have substantial assets asking what they need to do in the short time prior to a divorce filing. My first bit of advice is to assemble a team to work on your behalf. High net worth divorces require much more than just a lawyer as I often advise clients to bring on their accountant, financial advisor, and sometime even their insurance provider in order to assist with navigating through the process. It is important to have these professionals working on your behalf to ensure your best interests are protected and there will be no hidden surprises in the future.
http://www.westmontattorneys.com
http://www.westmontattorneys.com
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