Wednesday, May 16, 2012

CAN I FILE BANKRUPTCY AFTER MY DIVORCE?

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

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