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BANKRUPTCY AND DIVORCE IN MICHIGANUnfortunately, divorce and bankruptcy issues sometimes arise together. Together, husband and wife are barely making ends meet. When they are apart, neither the husband nor wife can pay all the bills. It is important to recognize the situation early on in the divorce process. Often times parties to a divorce spend a lot of time and money on litigating who will pay what bills. By recognizing the bankruptcy situation early in the process, it can make the divorce easier. If both or one party files bankruptcy, there are little or no debts to fight about. This makes the divorce easier in the long run. In the event the divorce judgment allocates the payment of joint debts, those debts are nondischargable to the extent that it affects the former spouse. For example, if there is a joint credit card debt allocated to be paid by the husband in the divorce judgment and he files bankruptcy, then he cannot discharge that debt. Even if one or more debts are nondischargable, it still maybe advantageous to file bankruptcy for that spouse if he has substantial other debts that are not joint. Additionally, child support and spousal support are non dischargeable in bankruptcy period.
DIVORCE AND BANKRUPTCY ATTORNEY - GRAND RAPIDS MICHIGANKrupp Law Offices P.C. serves represents clients in divorce and bankruptcy cases throughout West Michigan, including the cities of Grand Rapids, Holland, and Grand Haven, and the counties of Kent, Ottawa, Allegan, Barry, Newaygo, Montcalm, and Ionia. Our office can help. KRUPP LAW OFFICES PC 161 Ottawa NW Suite 201 Grand Rapids MI 49503 616-459-6636 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it |