Bankruptcy and Divorce
A common factor which leads to divorce revolves around money. In many cases, the emotional strain which money issues can bring upon a couple becomes too much to bear. If you are experiencing marital problems and also facing the possibility of bankruptcy, you need a knowledgeable and aggressive Chicago divorce attorney to help you through this rough time. At the Chicago based family law firm of The Taradash Group, P.C., we constantly strive to serve our client’s in an aggressive yet compassionate manner. We have the experience to understand any family law issue which may arise, including a bankruptcy. Whether you need to file a Chapter 13 or a Chapter 7, we have the knowledge and resources to make sure that you are fully protected. Regardless of the situation you find yourself, you need a strong advocate who will make sure that you get what you are entitled to.How Does Filing a Bankruptcy Affect a Divorce Case?
The filing of a bankruptcy during the divorce will play a factor in how your case proceeds. During a divorce, if one spouse files for divorce, there is an automatic “stay” on the divorce proceedings. This “stay” simply means that the divorce court will not adjudicate property rights or maintenance (alimony) issues until the bankruptcy court gives its approval to do so. If you are receiving support and/or maintenance, however, during the divorce, your spouse still has an obligation to comply with the appropriate Order.
If your former spouse files for Chapter 7 bankruptcy after the divorce proceedings are finalized, he/she still has an obligation to notify you of the bankruptcy if you are receiving child support and/or maintenance from your ex. This requirement of notification is to protect your rights to family support. It is crucial that you choose a Chicago divorce lawyer who is well versed in both Illinois divorce law and the bankruptcy code to make sure that your rights and interests are always protected.Safeguarding Your Future
In many ways, going through a divorce is similar to closing a business. You and your partner have to decide how to divide money, debt and property. Bankruptcy proceedings are really no different. Bankruptcy can be an invaluable tool to protect your financial future and your property from creditors. Because both divorce proceedings and bankruptcy proceedings can be life changing and emotional events, it is imperative that you have an experienced, skillful attorney who can lead you and ensure that your rights are protected.Are You Going Through a Divorce and Thinking of Filing for Bankruptcy?
If you are going through a divorce and either you or your spouse is considering filing for bankruptcy, you should immediately sit down and talk with a Chicago divorce attorney. At The Taradash Group, P.C., our attorneys’ sole emphasis is to make sure that you are sheltered and hat your rights are protected. The Taradash Group, P.C. handles cases in Chicago and throughout the greater Chicago land area. Contact us online or call (312) 775-1020 to speak with an experienced, compassionate and aggressive attorney who will fight for you.