Bankruptcy Strategies in Divorce
One of the biggest driving forces in people filing for bankruptcy is the dissolution of a marriage. Whether they need a bankruptcy to resolve financial issues in the course of a divorce, or need to clean up a financial mess created by a marriage that didn’t work out, people end up talking to a bankruptcy lawyer.
This podcast works to answer those questions that arise when the bankruptcy is necessitated by a divorce, either by one spouse or jointly by both of them. Since questions also arise from a “non-debtor spouse” about how their rights can be affected, we deal with those as well.
- Update frequency
- every 41 days
- Average duration
- 22 minutes
- Episodes
- 17
- Years Active
- 2012 - 2017
Episode 25: Tips on Having a Smooth Home Purchase
Home ownership is part of the American Dream! It is something we all, to some extent, hope for. But oftentimes that dream becomes a nightmare because all of the proper steps are not taken, or not don…
Episode 19: Best Strategies for Dealing with Federal Student Loans
Student loan debt continues to be a problem nationally, as the total owed exceeds $1 trillion. Although private loans are also a problem, the good news is that they make up only 15% of the total debt…
How Much Does Your Spouse Hate You? Avoiding Problems with Your Bankruptcy Filing
The filing of a bankruptcy by one spouse in a divorce is not always a cooperative process, part of an overall strategy. Sometimes the nonfiling spouse can become vindictive and seek to disrupt the ba…
How Protected Are You From Your Spouse If You File Bankruptcy?
The automatic stay that bankruptcy provides can be extremely helpful in protecting you from creditors. It can stop a bank levy, a wage execution, or any other attempt to collect a debt. But exception…
Top 3 Divorce Mistakes That Could Lead You to Bankruptcy
In mosty cases, financial difficulties put strain on a marriage that leads to divorce. In those circumstances, bankruptcy can be helpful. But in this episode, Meryl and Steve talk about how financial…
How a Prenuptual Agreement Might Not Protect You from Divorce Obligations in Bankruptcy
Prenuptual Agreements are often used to negotiate many terms of a divorce in advance of the marriage itself. However, they cannot definitively allow you to preplan a bankruptcy discharge of your obli…
How a Chapter 7 Bankruptcy Can Screw Up Equitable Distribution
You may have agreed upon (or had a judge order) the equitable distribution of your marital assets in your New Jersey divorce. But the chapter 7 bankruptcy filing of one of you can put that distributi…
How Filing Bankruptcy Can Disrupt Alimony, Child Support, and Insurance Obligations
Even after a divorce is final, its effects can linger on. One spouse or the other can be obligated to pay alimony and/or child support, along with maintaining life insurance to protect that stream o…
How Bankruptcy Can Interfere with Student Loans for Your Children
One common provision in New Jersey divorce decrees is for the educational expenses of the children. In other words, who pays for what in connection with the kids going to college? Filing bankruptcy…
How an Unexpected Divorce Filing Can Wreck a Chapter 13 Bankruptcy
A bankruptcy can certainly help you in your divorce if you are weighed down with marital debt. A chapter 13 can also help save a home from foreclosure or get a tax debt paid affordably. But one thi…
Unexpected Liens on Marital Property from Credit Cards or Loans Can Complicate Your Divorce and Bankruptcy
Many credit card agreements for stores like Sears or Best Buy include a provision where you grant the bank a lien on anything you purchase with the card. This can also include in-store financing wit…
How Creditor Liens Can Haunt Your Divorce After the Bankruptcy is Over
Bankruptcy can often be a useful tool in simplifying your divorce by getting rid of marital debt. However, when a creditor has a lien against a marital asset that is subject to equitable distributio…
What to Do If Your Spouse Files Bankruptcy Owing Alimony and Child Support
A Chapter 13 bankruptcy repayment plan can help someone get current if they are behind on alimony and child support. But what if you are the payee spouse? How can you protect your rights? Fortunat…
How to Mess Up Your NJ Divorce by Filing Bankruptcy
A useful and well thought out bankruptcy strategy can make your divorce much simpler and easier. However, filing bankruptcy without proper thought to the issues can make matters worse. Steve and Me…
Timing the Bankruptcy Filing: Before or After the Divorce is Final
Many people getting divorced are in serious financial difficulty and considering a chapter 7 bankruptcy to get a fresh start. Sometimes that difficulty is the very reason for the divorce! But the que…
Avoiding Asset Disclosure Problems
Both bankruptcy and divorce involve full financial disclosure of all assets, liabilities, income, and expenses. However, inconsistencies in these disclosures between a bankruptcy petition and a Case…
How Can Bankruptcy Help in My Divorce?
One of the biggest issues to resolve in any divorce is marital debt. Who pays it? Who is responsible? This episode will give you some great tips on how bankruptcy can help!