During these difficult economic times, bankruptcy and divorce often go hand in hand. If you were struggling to make ends meet, the fact that your one household is becoming two often creates more financial difficulty.
Contact our Burlington bankruptcy and divorce attorneys or call 339-203-4797 to schedule a free 60-minute consultation to discuss your legal needs today.
If bankruptcy is going to be part of your divorce — either because you are filing, your spouse is filing, or you or your spouse are filing bankruptcy for a small business — you need an attorney who is experienced in both divorce and bankruptcy. At Prousalis & Papantonakis, P.C., we leverage more than 25 years of combined legal experience to help protect you, your family and your pocketbook. Our knowledgeable attorneys use their experience in bankruptcy and family law to provide high-quality and experienced representation to our clients.
Joint Property in Bankruptcy
Both spouses are responsible for the debts incurred during the time of the marriage. Your divorce will divide your property and your debts between you and your spouse equitably. Your divorce settlement, however, means very little to your creditors. Even after your divorce, if the debt is in both of your names, the creditor can come after either one of you, even if the entire debt was awarded to one party. If your ex-spouse files for bankruptcy, you will be solely on the hook for the debt. For these reasons, it is extremely important to discuss your property division with an experienced divorce and bankruptcy attorney.
Child Support in Bankruptcy
It is important to note that child support and alimony payments and debts are not dischargeable in bankruptcy. These obligations will persevere even when all of your other debts have been discharged.
Contact Our Experienced Bankruptcy and Divorce Lawyers Today
Contact our office online or call 339-203-4797 to schedule a free consultation to discuss your divorce and bankruptcy. We serve Burlington, Woburn, Reading and communities throughout the Commonwealth of Massachusetts.
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