Filing Bankruptcy After a Divorce
It is not uncommon for divorced spouses to fall into financial difficulty shortly after the divorce has been finalized. In some cases, the individual spouses do not make enough money to support a household alone. In other cases, financial obligations imposed by the divorce agreement create a financial burden that makes it impossible for the paying spouse to keep up with other bills.
No matter which side of the situation you are on, it is important that you have a qualified bankruptcy lawyer on your side to help you understand your options and work with you to determine the best course of action to obtain the debt relief you need. At the Fairfield, Ohio law office of R. Dean Snyder, Attorney at Law, I have helped many clients work through financial difficulties after a divorce.
Dischargeable and Non-dischargeable Debts
There are some important issues that people filing for bankruptcy after a divorce need to be aware of from the beginning. At the end of a bankruptcy you receive a discharge of your debts. This means that you have no further personal obligation for any debt that was discharged as part of your bankruptcy. There are, however, certain debts that cannot be discharged.
Among the non-dischargeable debts are student loans and most tax obligations. This includes anything ordered to be paid as part of a divorce agreement, like child and spousal support. While these debts cannot be wiped out altogether, you may be able to repay any arrearages or your tax debt as part of a Chapter 13 filing.
Schedule Your Free Consultation
Contact my office today to discuss your bankruptcy questions. I am available during regular business hours and by appointment evenings and weekends. You can reach me by phone at 513-275-1724 or via e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
