Marlton, NJ Bankruptcy and Divorce Lawyer
Managing the Challenges of Family and Finance
Events at home can lead to strained financial situations. One parent may suddenly leave the household, leaving the other parent to shoulder all the child care expenses, for example. The reverse is also true − financial pressures can push a marriage to its breaking point. This can happen when, for example, one spouse accumulates heavy credit card debt. If you are going through experiences like these and you believe there is a possibility of divorce and bankruptcy, talk to an experienced attorney.
At the Law Offices of Andrew B. Finberg, LLC, our New Jersey bankruptcy and divorce attorneys provide counsel to those whose family lives intersect with bankruptcy. Our attorneys have decades of experience helping people deal with debt and get the relief they need to move forward into a brighter future. We understand the stress and anxiety you are experiencing, and we will do our best to create a plan that makes your life and your children’s lives better.
Timing Is Key
One of the most important questions to answer is whether you should file bankruptcy before, during or after divorce. The answer to that question varies according to each couple’s unique situation, but we often recommend filing bankruptcy before filing for divorce. Whether you file Chapter 7 or Chapter 13 bankruptcy, doing so before divorce can be beneficial for two reasons:
- Your debt gets cleaned up, leaving one less thing that needs to be addressed in divorce.
- You may be able to file for joint bankruptcy, which can bring with it a variety of benefits.
Our New Jersey lawyers represent people at all stages of bankruptcy and divorce. We can discuss the situation with your divorce attorney to make sure everyone is on the same page. Our goal is simply to help you and your children get through this difficult period as quickly and intelligently as possible.
Bankruptcy Does Have Limitations
Part of Mr. Finberg’s commitment client service is that we are always honest and straightforward with our clients. Therefore, you should know that it is possible that you will end up being responsible for debts, even if the divorce court assigns them to your ex-spouse. Creditors only care whose name is on the loan documents. If your ex-spouse stops making payments on a loan that has your name on it, the creditor might take action against you.
Filing for bankruptcy before divorce prevents this because your debts are all taken care of in the bankruptcy proceedings.
Also, child support and alimony payments are not optional. You will still be required to pay these obligations even if you file for bankruptcy.
Contact us for Dividing Marital Debt in Bankruptcy
To talk about bankruptcy and divorce and what to do in your specific situation, please call The Law Offices of Andrew B. Finberg, LLC, at 856-988-9055 or contact us online. Your initial consultation is free. We offer flexible payment plans for your convenience.
The Law Office of Andrew B. Finberg, LLC is located in Marlton, New Jersey and provides skilled legal counsel to individuals needing help with bankruptcy in Cherry Hill, Voorhees, Mount Laurel, Morristown, Maple Shade and serves Burlington, Camden and Gloucester Counties.
We are a debt relief agency. We help people file for relief under the U.S. Bankruptcy Code.