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Divorce and Bankruptcy

Fort Collins Divorce and Bankruptcy Lawyer

Divorce and bankruptcy often go hand in hand. The same financial issues that contributed to stress during your marriage may now be leading you to contemplate bankruptcy. At Leah Bishop, L.L.C., our Fort Collins bankruptcy and divorce attorneys will educate you on the impact that divorce will have on your divorce proceedings. We understand that this is a difficult time, and we are here to guide you through the process.

When Is the Best Time to File Bankruptcy?

Clients who are going through a divorce and facing bankruptcy often ask us if it is better to file for bankruptcy before or after the divorce. Our Fort Collins divorce and bankruptcy attorneys typically advise clients to file for bankruptcy before filing for divorce, especially if you and your spouse have significant unsecured debt that will be divided during your divorce. Not only does bankruptcy help you wipe out this debt, it can also eliminate the stress associated with the debt division process. Another benefit to filing bankruptcy together is that you will only have to pay one attorney.

When you file for bankruptcy, the automatic stay goes into effect, which immediately prevents creditors from calling you and stops any repossession and foreclosure or garnishment actions. However, the automatic stay does not stop spousal maintenance or child support obligations.

Our lawyers will meet with you and your spouse to get a better understanding of your financial situation and goals. We will recommend a bankruptcy solution designed to help you meet your family’s unique needs during and after your divorce.

Contact a Larimer County Divorce and Debt Attorney

To discuss your case with one of our experienced Colorado lawyers during a free consultation, contact us online or call 970-224-5555.