Archive for the ‘Divorce and Bankruptcy’ Category

Filing Bankruptcy To Avoid Ex-Spouses’ Bills – Not Allowed

In the Chapter 7 bankruptcy case of Taylor, Anthony; In re, the bankruptcy court dismissed the debtor’s case because it was ruled abusive of the bankruptcy system.
The details of the bankruptcy case:
“The Chapter 7 debtor admitted that his case was presumptively abusive, but argued that he needed to file due to the impending foreclosure sale [...]

Comments (1)

Ex-Spouse’s Claim Allowed in Bankruptcy

In the bankruptcy case of White, Terry P.; In re, the bankruptcy court overruled a debtor’s objection to his ex-wife’s claim.
The details of the bankruptcy case:
“When the debtor and his wife divorced, he received the family home and was ordered to pay his wife $30,000 out of the proceeds from the property’s sale. She [...]

Leave a Comment

Your Bankruptcy Attorney and You; Knowledge is Power

Get bankruptcy information from a qualified attorney.
Everyone likes to learn new ways to save money.  Several web sites are dedicated to groups of people sharing ideas and giving pointers on the latest sales, the best coupon, or how to make family time fun on a budget.  Each of these is chalked full of good advice [...]

Comments (2)

Texas State-Specific: Bankruptcy and Divorce

Divorce can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already [...]

Comments (1)

Timing Your Bankruptcy Filing

There are a few situations that help determine if you should delay your bankruptcy filing.
If you are considering filing for bankruptcy, there are a small number of special circumstances where your best option would be to delay filing for bankruptcy.  Of course it would be best to speak to a bankruptcy attorney as soon as [...]

Comments (1)

Struggling With Debt And Want A Divorce? You May Want To File Bankruptcy First

Many couples struggling with marital debt that has been piling up every since their wedding day, have successfully used bankruptcy to get a fresh financial start. But what happens when couples are in debt and heading towards the divorce court?  Well there are a few things you need to consider before you file divorce with [...]

Leave a Comment

Hostile Divorce And Bankruptcy

Sometimes couples who are clearly hostile towards each and clearly want to divorce are entangled in a web of debt. Is it in the best interest of these couples to file bankruptcy before they file for divorce? Sometimes it is in the best interests of both parties to file bankruptcy before divorcing.
First of [...]

Leave a Comment

Filing For Divorce During Chapter 7 Bankruptcy Proceeding

Many married couples who file for bankruptcy together unfortunately find themselves filing for divorce before their Chapter 7 bankruptcy has been discharged. So what happens when a couple wants to part ways but their Chapter 7 bankruptcy is still under review? Well, actually a joint bankruptcy, which can only be filed by spouses is [...]

Leave a Comment

Divorce Before Or After A Bankruptcy?

An article in the Seattle Times talks about how Sue Ferguson a public health worker survived financial crisis by filing bankruptcy after her divorce. The article talks about how filing for bankruptcy after her divorce freed her from credit card debt and medical bills; but I wonder how her ex-husband is doing now that [...]

Leave a Comment