On behalf of Law Offices of Mark M. Kratter, LLC on January 23, 2014
Bankruptcy Often a Key Element in Connecticut Divorce
A divorce does not simply end a marriage. Divorce has an impact on all aspects of a person's life, including finances. Not only is the cost of a divorce sometimes enormous, but the changes in housing costs, child care and other expenses can increase due to no longer relying on the way things used to be, which can be either a two person income, or, for some people who have stayed at home with children, could have been the other spouse's income. When divorce happens, not only does the marriage dissolve, but financial matters can become a serious issue.
If you are going through a divorce, or foresee that you will, and are concerned about pressing financial matters, filing for bankruptcy could be a good option. Contact Norwalk, CT's top law firm Mark M. Kratter to help you determine if this is the right road for you. We can help you with your divorce and your bankruptcy, allowing you to have the best in legal representation because we will be familiar with the ins and outs of your unique situation. Rather than have a law firm to deal with your divorce and one to deal with your future and current bankruptcy, we do both, letting you focus on getting your life back on track and starting your life over emotionally and financially.
Bankruptcy can be a lifesaver for coupes that want to get a divorce but are shouldering a heavy debt load. Bankruptcy can be filed before, during, or after a divorce, however, filing just before beginning the Connecticut divorce process can help streamline the divorce process, eliminating much of the debt involved in the marriage, and allowing both spouses to wipe their financial slate clean. If one or both of the spouses suffers from a poor credit rating, filing for bankruptcy can allow that credit rating to begin to improve over a period of time.
Filing for Joint Bankruptcy
Divorce is a stressful process, but nothing makes it worse than the financial burdens that come up during the experience. Because there is no much crossover between what happens in a divorce and a debt-relief situation, it makes sense to address both issues at the same time. Dealing with assets and debts, incomes and expenses, as well as the reorganization of your home, children and life, is a lot to take on at once. However, by doing so, you will save yourself time, money and hassle in the future. Contact the Fairfield County divorce attorneys at Mark M. Kratter at 203-678-8135 to help you with your bankruptcy and divorce. Serving Norwalk, Stamford and Wilton, Mark M. Kratter will help you begin anew.
