Brandon, Fla. – When a spousal bankruptcy adds another layer of difficulty to an upcoming divorce, it is best to get an experienced lawyer involved. If only one spouse declares bankruptcy it must be very clear who is responsible for which finances. Spouses who have most of the debts in his or her name can file more easily than if debts are in both names.<\/p>\n
It is important to clearly know what belongs to each spouse and what is considered marital property. The divorce proceedings will outline which spouse is responsible for each asset, debt, bill and property. Many individuals have found that if they do not declare bankruptcy with their spouse, they could be responsible for some of these bills. And if any inheritances are expected in the near future, these must be factored into the bankruptcy.<\/p>\n
\u201cBankruptcy can give the individuals a fresh start financially,\u201d said Laurel Tesmer, Brandon bankruptcy and <\/a>(more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Brandon, Fla. – When a spousal bankruptcy adds another layer of difficulty to an upcoming divorce, it is best to get an experienced lawyer involved. If only one spouse declares bankruptcy it must be very clear who is responsible for…<\/span><\/p>\n