What You Need To Know About Divorce and Bankruptcy
Divorce and bankruptcy often go hand in hand, making it important to be informed of the implications of both. If you are considering a divorce or filing for bankruptcy, here is what you need to know.
Filing for bankruptcy during a divorce can be beneficial financially. It can delay payments owed from one spouse to another until after debt repayment has been completed. This allows more financial flexibility during the process and prevents one spouse from taking on too much debt due to the other's obligations. Furthermore, assets acquired during a marriage may become part of your marital estate which could then be subject to the bankruptcy court if either person files for it. This means that those assets will be divided between each party as determined by the court’s decision.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706