What happens in a case of shared debt? For instance, if one spouse started a business during the marriage and lost money, are both of the spouses equally responsible for that debt?
Bankruptcy and Divorce
Protecting Yourself from Post-Divorce Bankruptcy
The threat of a potential bankruptcy is, in all too many divorces, a real one that should not be ignored. Recognize the warning signs and learn how to protect yourself.
Link Between Divorce & Bankruptcy Solidifies As Divorce Rates Rise
Divorce rates and the financial challenges faced by divorcing couples are on the rise, placing married couples at a higher risk for both divorce and bankruptcy.
I Am Considering Bankruptcy. Should I File for Divorce First?
I Am Considering Bankruptcy. Should I File for Divorce First? When considering bankruptcy, you may be debating if you should file for divorce first. There are some initial decisions to consider by yourself and some more complicated issues that you may want to discuss with a qualified attorney. Before you are divorced, you and your […]
I am overwhelmed with debt and bills from my divorce. What can I do?
Getting a handle on your bills may seem like just another item on your overwhelming “To Do” list, but this problem is one you can tackle one step at a time.
UK Court Mulls whether Bankruptcy Wipes Out Spousal Support
In a potentially precedent-setting case that is being closely watched by divorcing spouses, family lawyers, judiciary and legislators around the world, a British court is mulling over whether filing for bankruptcy can wipe out spousal support obligations. The case in question involves Alexander McRoberts, a company director who separated from his ex-wife in 2003. At […]
Drowning in Debt? (for the US)
If you find yourself struggling with debt or even filing for bankruptcy after your divorce, here are some strategies for dealing with your post-divorce credit problems in the US.
Drowning in Debt? (for Canada)
If your divorce has left you drowning in debt, credit counseling, a Consumer Proposal, or even filing for bankruptcy can throw you a lifeline. Here are some strategies for ending your post-divorce credit woes.
What Does It Mean When Your Name is on a Piece of Property or on a Debt?
Having your name on a joint-debt is something you should change, especially if it’s been agreed that your spouse will be the one to pay it off.
How do I deal with my debts while going through a divorce in Canada?
Divorce is a difficult enough financial time without having to add debt to the mix. Follow these 3 steps to keep your finances safe and in order.
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