BANKRUPTCY LAWYER

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legal matter  with the utmost importance.

Married or Separated – How to file for Bankruptcy without your Spouse

Tampa Bankruptcy Attorney Gina Rosato Whether you are married or separated, you can still file for bankruptcy on your own. There is no requirement that your spouse file for bankruptcy.

Chapter 7 or Chapter 13 Bankruptcy?

If you are married and maintaining the same household, then the trustee will consider your joint income to determine if you are over the median income qualifications for a Chapter 7 bankruptcy or to determine what you are financially able to repay in a Chapter 13 bankruptcy.

If you are separated and maintaining separate households, you expenses should also be listed separately.

Contact Gina Rosato Law Firm, P.A. to discuss your Bankruptcy Options

Come speak with me regarding whether Chapter 7 or Chapter 13 bankruptcy maybe right for you and your spouse.

Bankruptcy or Divorce, which should I do first?

Tampa Bankruptcy Attorney Gina Rosato It is common for a bad financial situation to spiral into marital discord. One spouse may incur a significant amount of debt, fail to work for an extended period of time, or does not consult the other spouse when making purchases on joint accounts.

Divorce and Bankruptcy

If you and your spouse have a significant amount of joint debt it may be best to entertain bankruptcy as an option prior to filing for divorce. Bankruptcy is a much cheaper alternative to racking up a large bill with a family lawyer to argue about who is going to take over which debts when both people may be able to get rid of all the debt.

Furthermore, your spouse cannot assume your debt in a settlement agreement.  For example, if you have a joint judgment against you from Company A for $50,000 and your divorce decree says your spouse should assume all debt from Company A.  Company A can still pursue you for the debt despite what your divorce decree says.  You would then have to sue your spouse to recover what you paid Company A.  Therefore, if both spouses owed money to Company A, that could have been discharged in a bankruptcy, that would obviate the need and expenses to file suit against the other spouse for collection of debt after the divorce is finalized.

Contact Gina Rosato Law Firm to discuss your Bankruptcy Options

Come speak with me regarding whether Chapter 7 or Chapter 13 bankruptcy maybe right for you and your spouse.

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