Avoiding Bankruptcy After A Divorce

Sometimes financial distress is a reason for divorce; sometimes divorce is a reason for financial distress; sometimes financial distress is a reason for bankruptcy; and sometimes divorce is a reason for bankruptcy. It happens all the time. Divorce and bankruptcy occur together, causing serious problems for families that can lead to long-term financial problems.

When going through a divorce, it is important to have a legal team on your side that can create the right plan to help you protect your financial future. The experienced attorneys at Contreras Law Firm have extensive knowledge in both bankruptcy and family law, and can help you create a strategy that allows you to protect your financial interests.

Helping Determine What Is Best For You

When you and your spouse have been hit by financial problems, you will have many options to consider as your situation moves forward. Should you file for bankruptcy before or after you get divorced? Is bankruptcy even necessary in your case? Do you have an idea of what your monthly expenses will be like once your divorce has been completed?

Our experienced lawyers will help you find the answers to these questions. We will sit down together with you and learn more about the concerns you have regarding your divorce or potential bankruptcy case. We can begin taking the necessary steps to allow your family to move forward in a positive way.

Every case is different, and what is right for you will depend on your individual situation. Your lawyer will be able to look at the big picture and offer you the guidance you need to navigate the complicated bankruptcy statutes at this difficult time.

At Contreras Law Firm, we are unique in that we have a family law division with attorneys who focus strictly on family law cases, and we also have attorneys with years of experience in bankruptcy. Choosing a divorce law firm in San Diego which is able to assess your situation as it pertains to both matters is crucial if you are considering filing for bankruptcy and divorce.

Strategizing on whether to file one before the other or simultaneously can have a severe impact in both the divorce case as well as the bankruptcy case. For example, filing for bankruptcy has certain financial requirements that need to be met, after the divorce you may no longer meet those requirements or it may be that you would only qualify after a divorce. Every case is different and that is why it is important to have a law firm that is able to navigate you through the complexities of a divorce and bankruptcy.

Schedule Your Free Consultation

If you live in the San Diego area, if you and your spouse are considering a divorce, and the need to file for bankruptcy is a real possibility, call Contreras Law Firm at 619-908-1495 or send us an email to arrange an appointment with an experienced and knowledgeable bankruptcy attorney. The initial consultation is always free.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.