Wheaton Attorneys Help Clients Deal with Bankruptcy During Divorce
In today's financial climate, bankruptcy and divorce seem to be inextricably linked. Whether the financial stress ultimately caused the marriage to crumble, or the loss of the couple's financial strength through divorce led to bankruptcy, this is a topic that is becoming more and more common.
At Andrew Cores Family Law Group, our attorneys have extensive experience guiding clients through the most troubling times in their lives. Even if divorce is the best possible solution for your future, you still face emotional and financial challenges. Do not hesitate to schedule a consultation with one of our knowledgeable lawyers to discuss your unique situation.
Timing Is Key
Most often, clients are unsure when to file for bankruptcy — before or after a divorce. Every situation is different, and we can advise you on the next steps you should take. There are several benefits to filing for bankruptcy before filing for divorce, including:
- Resolving the financial trouble first allows you to focus on the major divorce disputes such as child custody and division of assets.
- Bankruptcy can resolve many disputes regarding division of marital debt well before a divorce is filed.
- If a bankruptcy is filed after a divorce, the two parties might have to file separately, resulting in double the costs and double the effort.
If you are facing divorce and bankruptcy, it is wise to seek the counsel of an experienced lawyer who can carefully examine your situation and offer legal advice on how best to proceed. Even if we cannot directly handle your bankruptcy, we can offer a list of trusted referrals who are ready to help you toward a fresh new future.
To arrange a consultation, contact Andrew Cores Family Law Group, by calling 630-871-1002 or by completing our online form. With offices in DuPage County and Kendall County, we have experience helping clients throughout Illinois.
