Divorce & Bankruptcy
Beaumont Divorce & Bankruptcy Lawyers
Divorce may impose on newly-single spouses an increased debt load with only one income to pay the debt. This occurs when former spouses divide up their assets and debts. Typically a former spouse may not have sufficient income to pay his or her debts when he or she starts out on their own after a dissolved marriage. If you file bankruptcy during or after your divorce, there are several things you need to be aware of in order to handle the process:
When filing bankruptcy some debts that arise out of a divorce are not dischargeable. Domestic support obligations such as spousal maintenance and child support cannot be discharged by filing bankruptcy. Arrearages, however, can be paid over a three to five-year period as a part of a Chapter 13 repayment plan. Unlike credit card bills or medical bills, domestic support obligations must be repaid.
If you are going through divorce and bankruptcy at the same time or are in bankruptcy and need to file a divorce, you can't finalize your divorce without permission of the bankruptcy court. The Beaumont bankruptcy attorneys at the Maida Law Firm, P.C. can help you through the process of getting the bankruptcy court to allow you to finalize your divorce. The bankruptcy attorneys will help guide you through this part of the bankruptcy process in order for you to obtain your divorce and bankruptcy discharge.
Contact a Bankruptcy Attorney in Beaumont & Houston from Maida Law Firm, P.C.
As you go through divorce as well as a Chapter 7 or Chapter 13 bankruptcy, you will be going through many tough changes in your life. The law firm will stay with you throughout the duration of your bankruptcy to ensure that you receive a fresh financial start.
Contact a Houston bankruptcy lawyer from the firm if you need assistance in Beaumont or Houston, Texas. Contact the firm to get the legal assistance you need!