Divorce & Bankruptcy

Divorce and bankruptcy often intersect when a marriage ends and financial challenges arise. Divorce can lead to increased expenses, like legal fees and potential spousal or child support, which may strain finances. If one or both spouses struggle to manage debts, they might consider bankruptcy as a way to clear their financial slate. In bankruptcy, certain debts can be discharged, but marital assets are often divided during divorce proceedings. Understanding both processes is crucial, as a divorce settlement can impact bankruptcy filings, and vice versa, affecting how debts and assets are managed legally and financially.