{"id":100,"date":"2019-09-17T14:52:33","date_gmt":"2019-09-17T14:52:33","guid":{"rendered":"https:\/\/www.sherbertlaw.com\/blog\/?p=100"},"modified":"2019-09-17T14:52:33","modified_gmt":"2019-09-17T14:52:33","slug":"will-filing-for-bankruptcy-affect-my-divorce","status":"publish","type":"post","link":"https:\/\/www.sherbertlaw.com\/blog\/will-filing-for-bankruptcy-affect-my-divorce\/","title":{"rendered":"Will Filing for Bankruptcy Affect My Divorce?"},"content":{"rendered":"\n

No one ever says divorce is easy. That is largely because\nthe process of ending a marriage takes a toll on most people, both emotionally\nand physically. But divorce can also impact other vital aspects of a person\u2019s\nlife, such as finances, especially if a divorcing couple is already in the\nmidst of financial struggles or rehabilitation. One such example is bankruptcy.\n<\/p>\n\n\n\n

Continue reading to learn how filing for bankruptcy might\naffect the outcome of a divorce, as well as, where to get trusted legal advice\non protecting your assets following a dissolution of marriage in Florida.<\/p>\n\n\n\n

\"Orlando
Orlando Divorce Attorney 407-887-7058<\/figcaption><\/figure>\n\n\n\n

Filing For Bankruptcy<\/h1>\n\n\n\n

Bankruptcy cases will affect assets and liabilities of a divorcing\ncouple. It will also affect child and spousal support orders, and much more.\nFor this reason, it is vital to hire a seasoned divorce lawyer who can help you\nunderstand what to expect from the overall dissolution of marriage process if\nyou are facing bankruptcy.<\/p>\n\n\n\n

There is more than one type of bankruptcy filing. The type a\ncouple chooses for their financial recovery mostly depends on how much\ndisposable income each spouse has left after paying all expenses. The type of bankruptcy\nfiling chosen is further influenced by a divorce since such factors might be included\nin the filing.<\/p>\n\n\n\n

Chapter 7 Bankruptcy<\/h1>\n\n\n\n

When a couple does not have enough disposable income to pay\noff their debt, and they do not own a business, they will likely file for Chapter\n7 Bankruptcy. This process can take anywhere from 6 to 8 months, or longer,\ndepending on the unique circumstances of a couple\u2019s finances. When divorcing, Chapter\n7 Bankruptcy can be completed either before or during the proceedings. However,\nit is strongly encouraged that each spouse finalize their bankruptcy filings\nseparately, before filing for divorce, so that financial debts do not complicate\nthe divorce settlement. <\/p>\n\n\n\n

Chapter 13 Bankruptcy <\/h2>\n\n\n\n

Chapter 13 Bankruptcy is another type of bankruptcy filing\noption, which can take several years to complete; usually between three and\nfive years. In such cases, it is wise to finish all Chapter 13 filings before\nstarting the divorce process because it can drastically complicate and prolong\nthe divorce proceedings. For instance, if a spouse, or both, own a business,\nfiling bankruptcy prior to divorcing can ensure that the debts of the company\nare managed separately from the interests of the divorcing spouses.<\/p>\n\n\n\n

Where to Get Divorce Legal Advice in Florida<\/strong><\/h2>\n\n\n\n

Contact the Law Office of Shane T. Herbert at 407-887-7058<\/strong> to speak with a seasoned family lawyer about getting a divorce in Orlando<\/a>, Florida. From marriage and divorce, to alimony, child support, child custody, and everything in between, we can navigate all aspects of your family legal matters from start to finish. For your convenience, office visits are not required for initial consultations, as we are happy to provide them over the phone or even video conference, if needed.<\/p>\n\n\n\n

\"Shane
Shane T. Herbert, Attorney at Law 407-887-7058<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

No one ever says divorce is easy. That is largely because the process of ending a marriage takes a toll on most people, both emotionally and physically. But divorce can also impact other vital aspects of a person\u2019s life, such … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,25,12,11,77],"tags":[99,100,22,101,102,23,20],"class_list":["post-100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-child-support","category-divorce","category-family-attorney-orlando","category-family-law","category-marital-law","tag-chapter-13-bankruptcy-and-divorce","tag-chapter-7-bankruptcy-divorce","tag-divorce-attorney-orlando","tag-divorce-bankruptcy-facts","tag-divorce-bankruptcy-lawyer-orlando","tag-divorce-faqs","tag-divorce-lawyer-orlando"],"_links":{"self":[{"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/posts\/100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=100"}],"version-history":[{"count":1,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/posts\/100\/revisions"}],"predecessor-version":[{"id":102,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/posts\/100\/revisions\/102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/media\/101"}],"wp:attachment":[{"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sherbertlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}