Declaring Bankruptcy Before Divorce
Many marital problems stem from financial troubles. Unfortunately, when there is not enough money to go around, marriages often end in divorce. It is important to consider, though, that getting a divorce may not be the answer to all of your money problems.
In such cases, it may be a good idea to consider declaring bankruptcy. If you and your spouse are considering a divorce because of money troubles, contact the San Jose divorce lawyers of the Law Office of Daniel Jensen, P.C. at 408-296-4100 to discuss your options with one of our experienced attorneys.
The Benefits of Pre-Divorce Bankruptcy
In many ways, declaring bankruptcy before you get divorced is a favorable option. The potential benefits include:
- Paying one bankruptcy fee
- Making division of property and assets easier
- Starting with a clean financial slate after the divorce
Of course, bankruptcy may not wipe out all of your debts, but it may help to relieve many of them. Additionally, after your money problems are settled, you and your spouse may find that you do not want to file for a divorce.
Though this is not always the case, it is still important to consider declaring bankruptcy before filing for divorce, especially if you think that both you and your spouse will be unable to handle debts after splitting.
Contact Us
Divorce is a complicated process that is only made more difficult by financial troubles. If you and your spouse are headed toward divorce and both of you will have financial problems after the divorce is finalized, let the experienced San Jose divorce attorneys of the Law Office of Daniel Jensen, P.C. help you make the right decisions. Contact our office today at 408-296-4100 for more information.
