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Florida Bankruptcy Means Test: Eligibility and RequirementsSteps To Determine Eligibility for BankruptcyChapter 7 Bankruptcy
Chapter 7 BankruptcyWho Qualifies for Chapter 7 Bankruptcy?Debt to be DischargedMy Assets and Chapter 7 BankruptcyAdditional Chapter 7 BenefitsChapter 13 Bankruptcy
Chapter 13 Bankruptcy FloridaIs Filing for Chapter 13 Bankruptcy the Best Choice For You?Why File for Chapter 13 Bankruptcy?How Chapter 13 WorksThe Chapter 13 ProcessMeeting Chapter 13 QualificationsDiscover the Benefits of the Chapter 13 Repayment PlanBenefits of Chapter 13Chapter 13 Bankruptcy AttorneyChapter 7 vs Chapter 13
Chapter 7 vs Chapter 13Chapter 7 BankruptcyWill You Qualify for Chapter 7 Bankruptcy?Chapter 13 BankruptcyChapter 13 Bankrutpcy Timeline
Chapter 13 Bankrutpcy TimelineChapter 13 Bankruptcy in Florida - What will happen?Chapter 13 TimelineChanges During the Three to Five-year Repayment PeriodWhat if I have filed for Chapter 13 bankruptcy before?Divorce is a difficult time for both parties involved. Just as the division of assets and property must be managed, liabilities are also divided. Sometimes the final property settlement for each spouse includes more debt than one or both individuals can handle. If you are thinking about divorce, you may want to consider filing for bankruptcy before dissolving the marriage and dividing property.
SunCoast Law handle clients with heavy debt, contemplating divorce. Consult with us prior to filing for divorce to mitigate unnecessary financial liabilities from the marriage. We will thoroughly explain every phase of the bankruptcy process and help you explore all legal remedies within the law as it pertains to married couples. If you cannot file joint bankruptcy we can help you eliminate or restructure debt so that the final settlement is more manageable.
As part of the divorce settlement, your spouse may accept your part of the joint debt. Even if this happens, your name will still be on every loan and credit card agreement the two of you ever shared.
If your spouse fails to make the agreed upon payments, you are still liable in the eyes of the creditor. Even if you explain your financial arrangement to lenders who attempt to collect from you, this is usually of no consequence. Because of this, it is critical that your name is removed from loan and credit card agreements before your divorce is final.
Once you accept the marital debt within the divorce settlement, it is difficult to have it discharged through Chapter 7 bankruptcy. Bankruptcy courts usually consider it as part of the spousal support responsibility. Because child support and alimony cannot be discharged under bankruptcy code, you must reduce or eliminate any other debt before you and your spouse divorce.
Explore your options for bankruptcy and debt relief before you file. You may not be able to eliminate some debt after the fact.
If you’re considering divorce, contact SunCoast Law to consult with a bankruptcy lawyer today at, (844) 330-2727.
We offer debt relief solutions in compliance with U.S Bankruptcy Code.
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