Bankruptcy Lawyers Handle Debt Relief During Divorce
Helping you through the financial consequences of divorce
Divorce is difficult to go through, emotionally as well as financially. Unfortunately, it is the financial aspect that so often ties divorce and bankruptcy together. For some people, the financial troubles started early on and may have contributed to the ending of the marriage. For others, the costly obligations of a divorce are too much to handle alone. Whatever the circumstances, bankruptcy is a way to wipe out overwhelming debts to make rebuilding life manageable for both parties. At the Law Offices of Michael Jay Berger, my Los Angeles attorneys are experienced in all aspects of bankruptcy as well as the impact it can have on the rest of your life.
How are divorce and bankruptcy connected?
Money problems are cited as one of the central causes of divorce. These problems do not simply go away after you end your marriage. Dividing one joint entity for two individuals comes with serious financial ramifications, such as:
Two households are more expensive than one, and it may become impossible to meet all of your obligations. In these difficult economic times, it’s more important than ever to consider your debt relief options when dissolving your marriage. The laws surrounding personal bankruptcy and divorce are complicated. This is where I can help. My experienced attorneys in Los Angeles assist you by evaluating the financial situation you are in, outlining your options and forming a reasonable plan for moving forward.
How a bankruptcy attorney can help
If you are not yet divorced, our bankruptcy attorneys provide useful information that will help when it comes to drafting a divorce agreement, especially when it comes to joint debt obligations. After a divorce, legal advice is just as necessary to answer questions about bankruptcy and your financial options. For example, while marital obligations such as alimony and child support cannot be discharged through bankruptcy, wiping out other debts such as credit card balances and medical bills can relieve some of the burden.
Take the first steps toward a fresh start by contacting a lawyer to help you with bankruptcy and divorce
When you are in dire financial straits, you need a bankruptcy attorney who knows the law, knows the system and knows you. Located in the heart of downtown Beverly Hills, I provide a wide range of services for individuals and families suffering from the weight of excessive debt. Call the Law Offices of Michael Jay Berger at 310-271-6223 or contact me online to schedule a free consultation.