What Happens When Divorce Leads To Bankruptcy
Often people discover too late just how much damage a divorce can do to their financial health. As a result, an absolutely staggering number of people will be put into the position of filing for bankruptcy within just a year after their divorce. Some estimates suggest that more than half of all women with children will file for bankruptcy in the wake of their divorce.
At Kingcade Garcia McMaken, our Miami bankruptcy attorneys know how destructive a divorce can be to a person’s or family’s finances, and we can help you take action to get your life and future back on track.
Handling The Complex Issues Of Divorce-Related Debt
The aftermath of divorce can leave individuals who may never have imagined needing a bankruptcy attorney in the past suddenly facing unmanageable debt. Even if you have never owned a credit card, Florida law says that you may suddenly be responsible for part of a former spouse’s credit card, car or medical debt. And, should your former spouse file for bankruptcy, creditors may choose to come after you for repayment.
What makes the issue even more complex is that divorce can lead to a lot of nondischargeable debt, such as spousal or child support, which bankruptcy can’t change. If you are facing seemingly insurmountable financial challenges, our experienced bankruptcy lawyers can help.
Through Chapter 7 or Chapter 13 bankruptcy we may be able to help you:
- Stop creditor harassment
- Reduce or eliminate dischargeable debt
- Protect your home from foreclosure
- Handle complex tax issues
- Get the debt relief you need to move forward
Proven Experience Working With Clients Coming Out Of Divorce
Divorce and the debts associated with it can be a complex area of bankruptcy law, and it’s important to talk with an attorney who understands the challenges you face. As a law firm that has handled more than 15,000 bankruptcies for Florida families across Dade County, we have the experience you need.
If you are in debt because of divorce, contact our Miami bankruptcy attorneys online or by phone to schedule a free consultation.