Post divorce bankruptcy
If you have been through a contested divorce, your attorney may recommend you file for bankruptcy in order to move on financially after the loss of your spouse’s income and responsibility for joint marital debts. In such cases, the judgment of divorce should take precedence over the individual’s credit report in determining what debts are owed. Particularly if you are the parent having physical custody of the children, and especially if the amounts of any child support payments you may be receiving from the other parent are limited or nonexistent, having recently been divorced may be a good reason to reestablish yourself financially through a Chapter 7 discharge of debts.
September 24th, 2009 by Administrator
Posted in bankruptcy
