5 Things You Need to Know About Bankruptcy and Divorce

Bankruptcy and divorce attorney in Tampa

Sometimes people have to face a bad time in life when all things go wrong and it becomes difficult to find ways to get out of the situation. For instance, bankruptcy and divorce at the same time is crucial situation in life. Both are stressful and emotion-filled in one’s life. The victims in both cases need to take the right actions before filing cases. For this, you can take the aid of experienced bankruptcy and divorce lawyers in the industry. If you are looking for the best divorce and bankruptcy attorney overseas, you may consider the expert lawyers in Tampa, United States. There are many authorized bankruptcy attorneys in Tampa, who can help you file bankruptcy for business and property through legal ways. Besides, it is also easy to find divorce attorneys in Tampa to file for divorce cases. You will get the right solutions for both cases from experienced lawyers in Tampa and get rid of issues with ease.

If you have a divorce case and also have bankruptcy issues, you will have to resolve the divorce case first. Because divorce case involves property distribution and child custody issues that need to solve first. Before getting a solution to a divorce case, you are unable to file for bankruptcy. You need to understand the demand of both cases and then file for the same. For betterment, you can take the aid of an experienced divorce attorney in Tampa. The lawyers in Tampa will suggest you right ways to get out of issues through legal ways and get results in favor too.

bankruptcy and divorce

Here are some significant points to consider about bankruptcy and divorce cases as follows:

1. File for Divorce Case Before or After

If you are facing difficulties in divorce and bankruptcy cases at the same time, you need to know which case you can file first. Most couples do ask for the same question with attorneys. Both cases involve assets and property matters that need to distribute between partners. Hence, you need to decide which case you wish to file first. In Tampa, you can have the flexibility to file for bankruptcy and divorce joint. For this, there are some conditions applied that you need to verify from divorce and bankruptcy attorneys in Tampa. The legal advisors or lawyers will help you know legal ways to file for the same cases at the same time under legal clauses lik e chapters 7, 11, and 13 as well. Under such sections, you can file cases for divorce and bankruptcy in Tampa. For a brief, you should contact the expert lawyers in the city.

Also Read: Divorce Procedure In Tampa, Florida

2. Which Case Should File First?

In both cases, bankruptcy and divorce, there is a loss of finance and assets too. Hence, you need to take this decision with wisdom or with the mutual consent of your partner. The better solution comes in the form of joint filing for divorce and bankruptcy cases. The idea will always work and will reduce the loss of property and assets or get rid of debts. For more help, you can consult bankruptcy and divorce attorneys in Tampa and proceed in the case.

3. Know the Division of Assets and Property in Both Cases

In case, you wish to file for bankruptcy after divorce, you must know which type of assets or property you will get to cover up bankruptcy debts. First, you need to handle the divorce case for settlement of property division. For this, a legal property settlement agreement should get prepared. Once the agreement will get prepared and the asset division gets disclosed, you can file for bankruptcy and submit the agreement details for the same as well.

4. Who Will Be Liable for Debts in Divorce?

It is also necessary to clear, who will be liable to pay debts in the divorce case. It depends upon where the couple lives. If you live in a community property state, you will be responsible for debt incurred during the marriage. You should disclose the complete property details to cover up debts due to divorce for equal distribution.

Also Read: What Should You Not Do Before Filing Bankruptcy?

divorce attorney in Tampa5. Does Bankruptcy Help in Your Child Custody?

Bankruptcy can sometimes benefit to cover up some debt losses and child custody for couples. But, the conditions are uncertain and need to follow some conditions to experience the benefits of bankruptcy for child custody. For more details, you need to consult the divorce attorney in Tampa and then file for the case.

Thus, you need to verify all the above points before filing for bankruptcy and divorce cases in Tampa with help of experienced lawyers of the same fields.

Looking for the best bankruptcy and divorce attorney in Tampa? Galewski Law Group has a team of experienced lawyers in Tampa, FL. To get free consultation, call us at (813) 222-8210 or mail us at info@galewski.com