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Debt Division And Bankruptcy Concerns During Divorce

With high unemployment rates and a housing market that cannot seem to rebound from recent slumps, it is not uncommon for separating couples to file for divorce and bankruptcy at the same time. If you find yourself in this situation, it is important to weigh your options and understand all implications of your actions before making any final decisions.

At Goldsmith & Guymon, we can identify your options so you can make informed choices for your future.

Our Las Vegas divorce and bankruptcy lawyers are here to help you through these legal processes. You will meet with your attorney on day one, and you will continue to work side-by-side with your attorney throughout each step. We will not stop working hard for you until we have reached a resolution in your case.

Discharging Debts Prior To Divorce

Frequently, the issues of property division and debt division arise in divorce cases. Our extensive knowledge of bankruptcy means that we can offer creative options to resolve debt prior to the divorce. This can make matters a lot less complex during the divorce process.

In divorce, community debts, or shared debts, are split equally between the parties. Such debts can include:

  • Credit card debt
  • Mortgages
  • Medical bills

If you and your spouse are getting along, filing jointly for bankruptcy may help you have an easier time during the divorce process. This approach may not be the best option for you, however, if you and your spouse are not getting along.

Discharging Debts After Divorce

It is also possible to discharge some debts after your divorce is finalized. It is important to understand that you will not be able to discharge child support, alimony or property settlement debts through the bankruptcy process. You may also be unable to discharge taxes or student loan obligations. We can help you understand what is dischargeable and properly file all necessary paperwork.

Contact Us Today To Learn More

Call us at 877-262-1466 or send us an e-mail to schedule a meeting with an experienced family law and bankruptcy attorney. To be best prepared for your initial consultation, please print and fill out our pre-bankruptcy survey.

Located in Summerlin, our law firm offers services to people in Las Vegas and throughout Nevada.

We offer our legal services in English, Spanish, and Mandarin.