Unfortunately, bankruptcy often leads to divorce. Depending on your circumstances, it may be to your advantage to file for bankruptcy with the help of a Douglas County bankruptcy attorney, before you file for divorce. As long as you are legally married, you are allowed to file as a couple. If you file for chapter 7 however, both incomes will be considered when it comes to determining the means test. If you know that the combined income will disqualify you, choose another option.
When you get a divorce, joint property, and debt will be divided between you and your ex. But if you’re in the middle of bankruptcy, all that will be interrupted by the automatic stay. Child custody, and support will not be affected.
A Douglas County bankruptcy attorney will be able to sort all this out for you. Call Parker Lawyers today, and let them help you get your financial affairs in order: 303-841-9525.