The intertwining complexities of divorce and bankruptcy can be a daunting challenge for couples embarking on these unfortunate paths. The emotional turmoil, coupled with the legal intricacies, can be overwhelming. The bankruptcy and domestic relations attorneys at Gertz & Rosen understand these hardships and are committed to providing our knowledge and support to help you navigate a wide range of legal matters, including divorce and bankruptcy, with greater peace of mind.
When filing for bankruptcy and divorce, many legal issues arise. These include the division of assets and debts, the impact of one proceeding on the other, and the numerous options available to couples.
One of the critical decisions couples need to make is whether to file for bankruptcy before or after the divorce.
Pros: Filing for bankruptcy before divorce can simplify the divorce process by eliminating joint debts. In addition, if you qualify for Chapter 7 bankruptcy, you might be able to discharge your unsecured debts entirely, making the financial aspect of divorce less complicated.
Cons: On the downside, filing for bankruptcy before divorce might delay the divorce process as the bankruptcy court’s decisions could impact the division of assets.
Pros: Filing for bankruptcy after a divorce can help protect one spouse from the other’s financial troubles. It can also allow for more flexibility in filing as individuals or jointly.
Cons: However, if you choose to file after divorce, you may lose the ability to wipe out joint debts, and you may have to deal with these separately.
Navigating through the rigors of bankruptcy and divorce simultaneously can be intimidating. It is a complex process fraught with potential pitfalls, but working with a law firm that has a deep understanding of both areas of law can help.
At Gertz & Rosen, we provide experienced, comprehensive representation to guide you through challenging times. Our team of skilled attorneys is highly experienced in various practice areas, including domestic relations, bankruptcy, commercial law, real estate issues, and more. We will work tirelessly to ensure that your rights are protected and the best possible outcomes are achieved.
Remember, the path may be difficult, but you don’t have to walk it alone. Contact our office today to get started.
"Attorney Colin Skinner is empathetic to clients situations. Assertive mannerisms in following through with cases. Extremely responsive-keeps client up to"
"I ran a trial against attorney Rosen today and I must say this man is an impressive trial lawyer. He"
"I have used Mr. Gertz twice due to divorce and he is very straightforward and honest. His fees are very"
"I have used attorney Marc Gertz for my own personal affairs as well as for my elderly parents. Marc has"
"Great advice and guidance for a new business. I was in the middle of starting a business and needed help."
"Marc handled our bankruptcy years ago. He was amazing. It was the easiest experience. Probably gonna use him again."