Divorce Lawyer in Winter Park

How Does Bankruptcy Affect Divorce?

Are you contemplating filing for divorce while, or after, filing for bankruptcy? If so, we encourage you to speak with a Winter Park divorce lawyer from Richard A. Heller, P.A. for legal advice. As divorce attorneys with over 60 years of collective experience, we know that money is a major stress factor in relationships that often triggers divorce proceedings.

We take a personal interest in each of our client's cases and are concerned for their financial welfare. As a law firm that practices bankruptcy and divorce, we are in a unique position to advise our clients on how bankruptcy affects the divorce process and vice versa. We take client satisfaction seriously, and to that end, we have an A+ accreditation from the Better Business Bureau, a top Superb Rating from AVVO, and a Distinguished Rating by Martindale-Hubbell®.

Discuss the details of your case with our team in a free case evaluation!

Which One Should Come First?

If your ex decides to file for bankruptcy after a divorce, the creditor can turn to you to satisfy those debts. If you can't afford to pay your spouse's share of the debts, your spouse's bankruptcy could send you into bankruptcy as well. If you believe that your spouse plans to file for bankruptcy, you should discuss this with a lawyer from our firm so that you can find out how to protect yourself.

If you and your spouse are in debt, it's important that you know that both spouses are responsible for the debts incurred during the marriage. A divorce settlement divides the debts, assigning the responsibility to pay some debts to one spouse and some to the other. While that arrangement is between you and your spouse, it's inconsequential to the creditor. If your ex fails to pay his or her share of the debts, the creditor can come after you for the payment.

If your spouse charged up a load of credit card debt unbeknownst to you, or they incurred thousands of dollars of debt in medical bills during your marriage, the concept of being chased down by bill collectors for your spouse's debts can be unsettling. In many cases, it simply makes financial sense to file for bankruptcy before filing for divorce. However, you and your spouse will need to work together in order to accomplish this.