If you or your spouse may file bankruptcy after you divorce, it is important to know how bankruptcy affects some common issues in divorces. Prior to 2005, a debtor who was able to show an inability to pay for property settlement debts was able to have those debts discharged in a bankruptcy. This is no …
How Does Bankruptcy Affect Divorce-Related Debts? Read More »
If a divorcing couple decides that they need to file for bankruptcy, they have two more decisions to make: (1) Should they file before or after they divorce? (2) Should they file jointly? If the couple is filing for Chapter 7 bankruptcy and their debts are joint debts, it usually makes sense from a financial …
Minnesota Bankruptcy and Divorce: When to File Bankruptcy Read More »
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