Texas Bankruptcy and Divorce Laws

Dallas • Fort Worth (Ft. Worth) • Plano TX

Unfortunately divorce and bankruptcy often go hand in hand. According to marriage and family therapists, money is the number one stress factor in many relationships. Each spouse is likely to believe that the other is mostly responsible for the couple's financial situation. Money problems can cause a marriage to fall apart and bankruptcy will impact a divorce as well. If you are in the process of divorce and you or your spouse files for bankruptcy, the divorce proceedings will come to a screeching halt until the bankruptcy court grants approval. Ideally, you and your spouse should cooperate and file jointly before divorce. However, a divorce that occurs during an ongoing bankruptcy can be accomplished.

Please schedule your no-obligation, free, confidential consultation and evaluation with an experienced business and consumer bankruptcy lawyer in Dallas, For Worth, or Plano, TX by calling us toll-free at 1-800-518-DEBT (3328.

In most cases both spouses are responsible for the debts incurred during the marriage. A divorce settlement will divide up the debts, assigning responsibility for some debts to one spouse and some to the other. But that divorce settlement is between you and your ex-spouse; it doesn't bind the creditor, who can collect the debt from either one of you. This means if your ex-spouse doesn't pay his or her share of the debts, the creditor can come after you for payment. If your ex files for bankruptcy after the divorce, the creditors will look to you to repay those debts. If you were barely making ends meet before that happens, your spouse's bankruptcy could send you into bankruptcy as well.

If your spouse files for bankruptcy after a divorce has been filed but before it has concluded, the divorce court will have to wait until the bankruptcy court approval is finished to divide marital property, but the court can still award custody, visitation, child support, alimony and even grant your divorce. If bankruptcy is filed after the final divorce judgment, the former spouse still has to pay child support and alimony if awarded. For those reasons, it may make more sense for you and your spouse to file for bankruptcy before getting divorced. At least that way you will know where you really stand when it is time to divide the property. You and your spouse need to be able to work together on a certain level to accomplish this. If your relationship has deteriorated to the point where you can't communicate with each other, this obviously makes things more difficult.

Contact an Experienced Bankruptcy Attorney Serving Dallas, Fort Worth & Plano Texas

We offer a complimentary consultation and evaluation at one of our offices in Dallas, Fort Worth or Plano to ensure that bankruptcy is a viable option for your situation, and to discuss how the bankruptcy laws can help you and your business get a fresh start. Please schedule your no-obligation, free, confidential consultation and evaluation with an experienced business and consumer bankruptcy lawyer by calling us toll-free at 1-800-518-DEBT (3328) or filling out our online bankruptcy evaluation or quick e-mail intake form.

We Provide Compassionate, Courteous Service

We understand things happen. We never judge our clients, and we are always courteous and respectful. You can be assured that we will do everything we can to help you relieve the anxiety and stress you are under. We will take the time to listen to your situation and explain your options, which may or may not include bankruptcy. If bankruptcy is a viable option, we will inform you about and guide you through the process. We can utilize bankruptcy laws to help you stop creditor harassment, foreclosures, repossessions or wage garnishments.

You Will Receive Prompt Communication and Personal Attention

We have earned our reputation for providing every client with close, personal attention. Nothing is more frustrating than being unable to have questions answered or problems addressed by your attorney's office in a timely fashion. We will return your phone calls as quickly as possible and make it a priority to address your concerns in a timely manner. Unlike many bankruptcy law firms, you will meet with an attorney on your very first visit. We are committed to helping you.

Convenience

We offer multiple office locations where you can personally discuss your options and how we can help you. We have offices conveniently located in Dallas and Fort Worth. Texas. Please schedule your no-obligation, free, confidential consultation and evaluation with an experienced business and consumer bankruptcy lawyer by calling us toll-free at 1-800-518-DEBT (3328) or filling out our online bankruptcy evaluation or quick e-mail intake form.

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