Don't Get Stuck With Marital Debts
Bankruptcy and divorce often go hand in hand. Sometimes money problems are at the heart of the decision to end a marriage. Sometimes debt problems start after divorce when ex-spouses face the reality of living on one income.
Before or after the fact of divorce, you should discuss your financial situation with an experienced bankruptcy and family law attorney who can help you make good decisions and protect your interests. At the Law Office of Giles W. King in Southaven, we regularly represent women and men who are getting divorced or recently divorced. I can handle your bankruptcy as well as your divorce, and I am licensed to practice in both Tennessee and Mississippi.
To arrange a free initial consultation, call my suburban Memphis office at 662-298-4597 or 888-549-3902 today or send me an e-mail to schedule an appointment.
Southaven Divorce and Bankruptcy Lawyer
One of the most common scenarios I deal with is spouses stuck with a big share of debt that was incurred during the marriage. Ideally, if spouses file for bankruptcy before divorce, they can both eliminate substantial amounts of unsecured debt such as credit card balances or medical bills.
Unfortunately, once the divorce is final, there is no going back. For example, if the husband agreed in the divorce decree to pay the wife's credit card debts, he cannot discharge that debt in a bankruptcy. Conversely, if he fails to make the credit card payments, she may be on the hook for those debts.
Another related scenario is people who fall into debt after divorce. This is especially common with low-earning or stay-at-home spouses who depended on the breadwinner's income. They often get stuck with mortgages, car loans, credit cards and other debts they can't afford, resulting in defaults, ruined credit, foreclosure, repossession and other problems that cannot always be cured by bankruptcy.
Talk to Lawyer While You Still Have Options
As a Southaven divorce and bankruptcy attorney, I handle Chapter 7 and Chapter 13 bankruptcies, and I also practice in divorce and family law. I can help you explore your finances and your debt relief options to avoid debt trouble and help you get the fresh financial start you need for the next phase of your life.
Talk to a Southaven and Olive Branch divorce debt attorney. Contact my Southaven office today to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
