Believe it or not, you and I have a lot in common with the multi-million-dollar earning athletes. We all have to follow the same rules of money health. Pay attention to the amount you spend, keep track of your expenses, and spend less than you
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Archives for Bankruptcy And Divorce
When to Lift the Bankruptcy Stay in Family Law and Divorce Cases
Many times, when people are getting divorced, they are also having debt issues, and possibly bankruptcy may follow. I wrote about the issues that come up when deciding about filing for bankruptcy and divorce in my article: Bankruptcy and Divorce- Getting Through the Maze. But,
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Could I declare money owed to attorney for divorce in bankruptcy?
Can you can discharge (eliminate) divorce attorney fees in bankruptcy? My answer: If it is for your attorney, generally yes, you can discharge it in bankruptcy. However, there are exceptions, for example, if the fees were ordered to be paid as a part of a
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We filed for Ch 13 bankruptcy, but I’m thinking about divorcing. Should I file for ch 7 before divorce or whats best option?
Question: We filed for Ch 13 bankruptcy, but I’m thinking about divorcing. , Should I file for ch 7 before divorce or whats best option? We are one year into our Ch 13 plan with 100% repayment. We have stopped making payments on house and
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Bankruptcy and Divorce: Getting through the Maze
width=”300″ height=”189″> Dealing with financial problems is not easy. When clients are also dealing with divorce issues, it makes their situation much more difficult. Most of the time, when clients call me, the bankruptcy lawyer, they are already separated and trying to sort out their
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Does my spouse need to file Chapter 7 or Chapter 13 Bankruptcy, and, if he/she doesn’t file bankruptcy, do I still need to provide information about their income?
Generally, in Illinois, when you are married, the debts your incur together with your husband or wife are debts that both of you are responsible for. The Illinois Family Expense act says that debts incurred for the welfare of the family are the responsibility of
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