Divorce and Bankruptcy
Financial Guidance from Our Indianapolis Bankruptcy Lawyers
Financial problems can cause severe pressure to any marital relationship and are the root cause of many divorces. After dissolution of marriage, the income that supported one household typically must now support two, resulting in further financial pressures. Many individuals come to the realization that filing for bankruptcy is necessary to resolve the financial burdens that arise.
If your financial situation has become worse after recently divorcing, you may benefit from seeking debt relief through bankruptcy. It is important to have an Indianapolis bankruptcy attorney by your side who understands your situation. At Jackson & Oglesby Law LLC, we can provide strong guidance during these times.
Serving Indiana Debtors During Divorce
If you and your spouse are considering bankruptcy and are not yet divorced, we can help you know your best options. It may be in your best interest to joint file for bankruptcy before divorce. In most situations, this will simplify both legal processes because financial issues are often more complex after divorce.
In many situations, one spouse's debts have already been discharged in bankruptcy, which can cause the other spouse to be forced into paying the other's debts. If this describes your situation, our Indianapolis bankruptcy attorney can look closely at the terms of your divorce settlement to decide the appropriate course of action.
Certain debts associated with divorce can have an extremely negative impact on your financial situation. Keep in mind that spousal support and child support debts cannot be discharged in bankruptcy. You may, however, be able to repay past-due support obligations if you file under Chapter 13.
At Jackson & Oglesby Law LLC, we can help you resolve the financial issues involved in your bankruptcy and divorce. Contact us today to find out in a free consultation what your case may involve!