An Experienced California Attorney Handling Divorce Actions Involving Automotive Debts and Other Bills
If you are facing overwhelming debt and are also considering filing for divorce, before you take any steps for either situation, you should consult with a knowledgeable divorce attorney about your options. Filing for bankruptcy can impact your divorce and vice versa. Deciding to file for divorce can also affect how you proceed with a bankruptcy filing.
At the law office of Anthony C. Starks, located in San Diego, California, I help people navigate these situations successfully and efficiently. If you have questions about bankruptcy, debts and divorce, contact me today toll free at 866.606.5094 or locally at 619.573.6162 to arrange your consultation.
It is not unusual in today's economy for parties to have high amounts of auto and credit card debt. In many situations, individuals burdened with this kind of debt are turning to bankruptcy. It is important to recognize that there are differences between filing for debt as a married couple as opposed to filing individually. As your San Diego divorce lawyer, I can assess your financial situation and advise what would be the best option.
When a couple is contemplating divorce, it is important to remember that paying off all of your credit card debt will lower your support obligations. It also important to keep in mind that all the debt accumulated during the marriage is subject to a 50-50 split during divorce.
If one spouse is unemployed or underemployed, that spouse may not be able to pay his or her share, which will leave the other spouse paying off all the debt and paying support. This can easily cause the paying party to go bankrupt. Meanwhile, in bankruptcy and family courts, support payments cannot be discharged and this payment is considered more important than credit card debt.
In some circumstances, one spouse may elect to pay off all the debts if the other spouse pays alimony and child support. In all of these situations, I can help you work out an agreement that addresses all of your concerns and helps put you in a better financial situation moving forward into the next part of your life.
Even though you can find more information about divorce and debt allocation here on the website, the best way to address your concerns is to contact me online today or call 619.573.6162 or 866.606.5094. More importantly, please recognize that the information on this site is very general and should not be taken as legal advice.