Many people who file for divorce find themselves dealing with financial problems. At some point along the way, it may become clear that the debt is out of control and legal debt relief options such as Chapter 7 or Chapter 13 bankruptcy may be the best way to address the issue.
Contact us toll free at 800-898-4432 to arrange a free one-hour consultation.
Cooper Law Firm, P.A., is a small town law firm with big city results. With more than a decade of experience practicing bankruptcy law exclusively, we are committed to helping people get a fresh start in life.
Divorce and Bankruptcy
Many people mistakenly believe that bankruptcy cannot be filed during a divorce. In reality, bankruptcy is often incorporated into the divorce process. Here are some important things to consider:
- Both the assets and the debts must be fairly divided during a divorce. Addressing out-of-control debt through bankruptcy can greatly simplify the financial aspects of the divorce process.
- If a divorce has been finalized and the divorce decree specifically lists a debt as the responsibility of one person, then that debt may not be dischargeable. Therefore, it is recommended that a bankruptcy lawyer views the divorce decree before it is signed, to help avoid any potential legal conflicts.
Our practice welcomes discussion with divorce lawyers. If you have a client who may benefit from taking advantage of the debt relief options available to him or her, we encourage you to contact us and discuss it. We also welcome referrals.
Experienced Benton Debt and Divorce Attorney
From our offices in Bryant, Arkansas, the Cooper Law Firm, P.A., represents clients throughout central Arkansas. Contact us toll free at 800-898-4432 to arrange a free one-hour initial consultation with an experienced Bryant bankruptcy and divorce attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
