The Relationship of Bankruptcy and Divorce
If you are struggling financially and emotionally, you are not alone. The stress that can accompany debt often leads to family conflicts, and many family law and bankruptcy cases are related. At the Council Bluffs law office of Hannan & Dreismeier, P.L.C., we have extensive experience representing clients facing the twin problems of divorce and bankruptcy. We know that these are not easy situations, but we have the experience and compassion to help our clients solve them.
For many couples, a divorce may lead to or aggravate debt. For others, financial trouble causes stress that leads to divorce. If you are in either of these situations, please call 712-328-1575 or contact us online to schedule a free half hour initial consultation.
When Family Problems Lead to Financial Problems
Divorce is rarely easy, especially in today's economy. Many times, both spouses are bringing income to run one household. When that same level of income has to be split up to run two households, it can be hard to make ends meet. When this happens, our lawyers can guide you through your divorce as well as through bankruptcy.
It is important to address the possibility of bankruptcy if divorce is imminent. Child custody, as well as child and spousal support, are determined based on which spouse maintains control of the family home and which spouse will pay support. We will help you resolve your divorce and find a way to get relief from debt.
When Debt Causes Family Conflict
Financial problems often lead to marital discord. Taking care of the financial issues by filing for Chapter 7 or Chapter 13 consumer bankruptcy before finalizing the divorce may be the best option. Getting rid of credit card debt prior to completing your divorce will take away the guess work about how the finances will ultimately be arranged after the divorce is completed.
Discharging debt before divorce will allow the divorce judge to have a better picture of each party's true financial situation. Child and spousal support orders are much easier to determine if debt issues have already been resolved.
We Can Guide You through Both Divorce and Bankruptcy
With extensive experience in family law and bankruptcy law, our attorneys will help you understand your legal options so that you can make informed decisions.
Call 712-328-1575 or contact us online to schedule a free half hour initial consultation. Evening and weekend meetings are available by appointment.
Hannan & Dreismeier, P.L.C.
227 South Main Street
P.O. Box 1016
Council Bluffs, IA 51503
Telephone: 712-328-1575 | Fax: 712-328-1562
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