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Handling Debts in Divorce

Handling your debts in the divorce can break you financially if handled incorrectly. Most individuals we meet are more concerned about the asset (property) side of the equation and often overlook the liability (debt) side of the equation. Divorce settlement proceedings often break down when it comes to dividing up the debt in [...]

January 26th, 2010 | Tags: , , , | Category: Bankruptcy, Divorce General, Divorce Process, Managing Credit, Property Settlement | One comment

Bankruptcy and Divorce

There are several issues to consider when contemplating a bankruptcy filing as part of a divorce.  Certain debts are dischargeable and others are not.  The following divorce related debts are not dischargeable in a bankruptcy filing:

Taxes (federal, state, real estate, etc)
Child support
Alimony (aka Spousal Support or Maintenance) 

Debts arising from a marital settlement [...]

June 20th, 2009 | Tags: , , , , , , | Category: Bankruptcy, Divorce Planning, Financial Considerations, Managing Credit, Property Settlement | 7 comments
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