Helping You Understand the Effect Divorce Has on Bankruptcy
It has been well documented in recent years that financial difficulty is one of the leading contributing factors to divorces in the United States. If you have recently divorced or are in the process of divorcing, chances are you have some financial problems to resolve. As your life undergoes this enormous change, it is crucial to make sure your financial affairs are in order.
Experienced Personal Bankruptcy Lawyer
At The Roll Law Office, PLLC in Phoenix, we are committed to helping men and women resolve financial difficulties after a divorce. What sets us apart from other bankruptcy law firms is our dedication to our clients. You can count on us to provide the personalized service and support you need as you go through a difficult time.
To learn more about your options for bankruptcy after a divorce, call 602-652-2403 or toll free 866-603-1533 today. We offer free initial consultations and look forward to helping you resolve your debt problems.
How Does Bankruptcy Work After a Divorce?
Usually after a divorce, each spouse files for bankruptcy separately. However, Arizona is a community property state, so if debt was incurred as part of the marriage, creditors can go after either spouse to seek repayment.
If you and your spouse owned a home and then file for bankruptcy, the promissory note may be discharged. That will leave the deed holder with a choice between allowing the property to be foreclosed upon or reaffirming the debt. If you are upside down on your mortgage, it may be to your advantage to let the house go.
Contact a Phoenix Bankruptcy Attorney Today
From dealing with homes and other assets to making sure you are safe from creditors, we have the experience to guide you through bankruptcy successfully after a divorce. Contact us or call 602-652-2403 today for a free initial consultation with one of our bankruptcy lawyers.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
