Missouri and Illinois Bankruptcy During Divorce May Be an Option If You Can't Save Your Marriage
By: JamesBrown | Posted: 29th January 2010
If your marriage is suffering from the amount of debt you are under, you aren't alone. Debt has become one of the biggest causes of marital problems-and no doubt contributes to the ever-growing divorce rate. Luckily, the bankruptcy lawyers in Missouri and Illinois know a little secret that might take care of your debt problems, even if divorce is inevitable.
Missouri and Illinois Chapter 7 or Chapter 13 bankruptcy can mean a solution to credit card debt, protection from foreclosure, and relief from those harassing creditor calls. Wouldn't that kind of relief take some of the stress off your marriage? Bankruptcy may even give you the extra time and energy that you and your spouse need to get back to improving your relationship.
But, if bankruptcy can't save your marriage, you may still want to consider using Chapter 7 or Chapter 13 to make your divorce a little easier. You may be saying to yourself, "But James! Wouldn't a bankruptcy complicate a divorce?" Filing bankruptcy before a divorce can actually make the process a little easier. How? If you have acquired a lot of debt as a couple, handling that debt before you file for divorce will ensure that you won't come out of your divorce carrying debt that can't be discharged. The debt that is divided in a divorce, you see, is non-dischargeable. That means that, if you file for bankruptcy after your divorce in Missouri or Illinois, you will still be obligated to pay back any debt that was assigned to you from the divorce court.
What about filing Missouri or Illinois bankruptcy during a divorce? Despite the slow down and complication that a Chapter 7 or Chapter 13 bankruptcy might do to your divorce proceeding, it may still be a good choice. The automatic stay from your bankruptcy will stop your divorce proceeding until they get permission from the bankruptcy court (with the exception of proceedings involving alimony, custody, or child support). Then, you can still handle your debts while they are dischargeable and come out of your divorce without debt that you may have no way of paying.
Of course, I always suggest finding the best St. Louis or Wentzville Missouri or Fairview Heights Illinois bankruptcy attorney; in this case, it is mandatory. Your attorney must handle the case just right to ensure that you do not come out of your divorce still in overwhelming debt. How will you know if you've found the right attorney? The best attorneys offer you free information-and even free books-before you step foot in his or her office. Make sure you have all of the information you need to take the stress of debt out of your marriage.
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Missouri Bankruptcy attorney James Brown has been working to relieve the debt of hard-working American families for over 15 years. He has dedicated his career to educating consumers about options for debt relief and has released 5 publications, including, "Get Out of Debt: Secrets Your Creditors Don't Want You to Know." You can request a free copy at http://www.castlelaw.net
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Tags: no doubt, chapter 13 bankruptcy, filing bankruptcy, creditor, credit card debt, extra time, foreclosure, marital problems, bankruptcy court, debt problems, child support, divorce rate, alimony, divorce court, chapter 7, bankruptcy lawyers, illinois bankruptcy