Divorce and Bankruptcies: A Delicate Balance

Divorces are based around the division of assets and liabilities between two married people. It can be expensive and result in bankruptcy for participating parties, which makes things more complicated.

Filing for bankruptcy before or after your divorce can simplify the process. If you do it before, you can save a lot on court fees if you do a joint application. Plus, since you’re both bankrupt, you’ll have less assets and liabilities to apportion during the divorce. Filing for bankruptcy can also protect some of your property from being sold off for debt payments, though you may need to talk about how that property will be affected by the divorce.

Collaborative Law Enables Amicable Divorce

Divorce is often associated with battling ex-spouses who have to resort to airing their “dirty laundry” in court to get the settlement they want. This does not always have to be case, however, and divorces don’t have to be acrimonious.

Through collaborative law, divorcing couples can resolve their differences without the court having to intervene. This involves both parties being represented by their own divorce attorney in Orlando. After each spouse provides all relevant information, such as annual earnings, both sides engage in negotiations over child custody and the like. Once a settlement is reached, the agreement is presented to the court, which then executes the terms and conditions.

The Bankruptcy-Divorce Connection

Studies show that since 1997, there has been an increase in bankruptcy filings in the U.S., which are completely unrelated to business. In fact, financial problems are some of the main reasons for getting divorce in the country. If you find yourself facing both bankruptcy and divorce, you should consult an Orlando divorce attorney who is also adept at bankruptcy cases to know how to proceed.

Which Step to Take?  

Dealing with divorce induces enough stress, which could only increase if you have to file for bankruptcy as well. A bankruptcy attorney in Orlando might recommend that filing for divorce first is more ideal and practical since a state divorce court cannot proceed with division of property if a federal bankruptcy court is handling your case. 

A Friendly Parting of Ways

Some marriages that end in a divorce are seen as tension-filled and emotionally-charged, but it doesn’t have to be that way. Through collaborative law, a veteran Orlando divorce attorney can help draw the line down the middle and still ensure the couple parts as friends.

Spousal Abuse Sufferers Need Divorce Assistance

The most ideal way out for wives suffering from abuse at the hands of their husbands is divorce. This does not mean, however, that they should not pursue criminal or civil charges against their abusive spouses, under domestic violence laws.

Regardless of the form of assault they experience, many possible choices are available that would accommodate abused wives who need help and support. An Orlando divorce attorney understands the burden these women go through, along with the possible effects of the divorce on their children, and will provide legal advice through their knowledge and expertise in family law.

Divorce Attorney Helps Settle Financial Matters

Divorce is a tedious and, oftentimes, sad process. Most couples who go through it face the struggle of letting go and starting over, especially when splitting the assets or deciding child support is at hand. One example of a divorce that has led to serious emotional and financial dilemma is that of a Florida congressman whose estranged wife raised concerns that she had been completely cut off from any financial support. The former wife was financially dependent on her husband, and claimed her support was abruptly cut, leaving her and her kids to fend for themselves:

Succeed at a Regular Dissolution of Marriage

Some marriages work out for couples, while some–regardless of the effort both spouses exert–do not. It is an unfortunate reality that there are unions that do not last, and that both small and big marital concerns (like lifestyle changes and trust issues) come into play one way or another. Couples can try out mediation and other ways of saving the marriage, but when such attempts fail to work, it is time for spouses to call it quits and go to the courts to have their marriages dissolved.

A Better Alternative to Divorce

The prospect of getting a divorce is never easy to face, and neither is actually going through the divorce process itself. While the dissolution of their marriage, on its own, can already cause animosity between both parties involved in the divorce, the traditional combative nature of the proceeding can take a definite toll on the couple themselves, their children, and their family and friends.