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 know you’re going to file for bankruptcy.  A …

Comment by Jacob Decker: Divorce certainly can complicate any …

Category: DFW Metro Bankruptcy , Divorce and Bankruptcy , Economy

Tags: Bankruptcy Divorce Law Lawyers and Law Firms Texas

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If you and your spouse are thinking about getting divorced, it may be the right time to also consider filing for bankruptcy if you have a hefty amount of debt between the two of you.  Filing for bankruptcy before divorce can help simply the divorce proceedings by clearing out some of your debt.  This can make it easier when it comes to negotiating how the remaining debts should be divided, and …

Category: Dallas Bankruptcy

Tags: Bankruptcy Divorce

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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 on general topics.  However, a thread on one of them concerned me last month.  …

Comment by Jacob Sparks: … definitely vary and Texas is a very debtor-friendly …

Category: Credit Counseling , Debt Consolidation , Divorce and Bankruptcy

Tags: Bankruptcy Divorce Family law Personal Finance

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… 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 she’s filed bankruptcy.

A lot of couples get divorced because of money issues. Oftentimes, before a couple decides to divorce they are up to their eyeballs in debt and unpaid bills. When …

Category: Divorce and Bankruptcy

Tags: Divorce and Bankruptcy

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When a divorced debtor files bankruptcy they are often facing a special set of circumstances that may impact how their bankruptcy proceeds.  One of those special circumstances is the obligation to pay domestic support to a former spouse or child. For the purposes of bankruptcy, domestic support obligation is defined as money that must be paid to 1) a spouse, former spouse, or child of the debtor or such child’s parent, …

Category: Bankruptcy , Divorce and Bankruptcy , Economy

Tags: Bankruptcy Divorce support

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If you are filing a joint bankruptcy with your spouse and your spouse dies during the bankruptcy process, this could impact your case in several ways. One of the most important consequences of the death of a filing spouse during bankruptcy is that the life insurance benefit payout cannot become part of the bankruptcy estate.  For example, if you and your spouse filed bankruptcy in January 15, 2010 and your spouse passed …

Comment author: My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me

Comment by My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me: … Spouse Died During Bankruptcy, Will I Lose The Life …

Comment author URL: http://interest.justtome.com/my-spouse-died-during-bankruptcy-will-i-lose-the-life-insurance/

Category: Bankruptcy , bankruptcy law

Tags: Bankruptcy Insurance policy Life insurance Texas

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Pamela Anderson has disputed rumors that she is considering bankruptcy.  But should the former Baywatch star file bankruptcy given the multiple liens placed o her property? According to several reports, Pamela Anderson is facing liens from various construction companies for unpaid bills totaling nearly $1 million and a bill for $252,360 for unpaid California state taxes. But despite the reports, Anderson says that she is far from filing bankruptcy : …

Comment author: Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight

Comment by Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight: … Anderson File Bankruptcy? | Reed's Bankruptcy Blog …

Comment author URL: http://isilverlight.cn/should-pamela-anderson-file-bankruptcy-reeds-bankruptcy-blog/

Category: Bankruptcy

Tags: Bankruptcy Celebrity Pamela Anderson Real estate Taxes

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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 of his former marital residence. When the debtor and his wife …

Category: Chapter 7 Bankruptcy , Divorce and Bankruptcy

Tags: Chapter 7 Title 11 United States Code Divorce and Bankruptcy

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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 received a lien against the property to secure that obligation. The …

Category: Bankruptcy , DFW Metro Bankruptcy , Divorce and Bankruptcy

Tags: Bankruptcy Divorce Lawyers and Law Firms Legal Information

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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 possible, but there are a few general situations that an attorney might mention as reasons to delay your filing.

The first is if you owe …

Comment by Jacob Decker: … file chp 7 bankruptcy before getting divorced!! …

Category: Divorce and Bankruptcy , Filing Bankruptcy

Tags: bankruptcy law Chapter 7 Title 11 United States Code Lawyers and Law Firms United States

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… 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 a boatload of debt.

1.    Debts accrued during the marriage will be the responsibility of both parties–even after divorce. If one spouse (or now ex-spouse) can’t pay, the creditors will …

Category: Divorce and Bankruptcy

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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 all, when couples divorce they both often experience a significant drop in their living standards because of the cost of running two …

Category: Divorce and Bankruptcy

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