My debt is all small unsecured cards and 3 unsecured loans I had ( ge money credit , capital one personal loan ) . One judgement , and all charge offs . We filed a chapter 13 10 or 11 years ago but that is already gone from report for over 2 years now . Please advise . Thank you .
Family Law Attorney
An answer to your question depends on many variables. A very important one is whether your spouse lives with you. One of the considerations in filing for bankruptcy is a determination whether the presumption of abuse would arise, and the way to determine it is to look at the annual household income and household size. If your household income for your household size is above the median, additional calculations need to be made. In other words, whether or not you are still married, if your spouse (or ex-spouse) still lives with you, her income may disqualify you from filing a Chapter 7 bankruptcy. This is just one example.
An experienced attorney will be able to look at your situation as a whole, identify the specific issues in your case, and determine which course of action is right for you. It is possible that the order would not make much difference.
If you have any further questions, please feel free to contact my office for a free consultation.
Ksenia V. Proskurchenko, Esq.
President and Managing Attorney
PROSKURCHENKO LAW GROUP, LLC
570 North Broad Street, Suite 13
Elizabeth, New Jersey 07208
Main: (973) 321-3040
Fax: (908) 933-0953
THIS ANSWER IS INTENDED FOR GENERAL INFORMATIONAL PURPOSES ONLY. IT SHALL NOT BE CONSTRUED AS LEGAL ADVICE NOR BE DEEMED TO CREATE AN ATTORNEY-CLIENT RELATIONSHIP.
Family Law Attorney
If you file before the divorce is final it might make it easier to settle your divorce because there will be fewer debts to fight over. I agree with the previous attorney. Discuss the timing with your divorce attorney. If he/she doesn't handle bankruptcy, get a referral from him and go talk with someone who specializes in bankruptcy. Good luck.
Be sure to designate "best answer." If you live in Oregon, you may call me for more detailed advice, 503-650-9662. Please be aware that each answer on this website is based upon the facts, or lack thereof, provided in the question. To be sure you get complete and comprehensive answers, based upon the totality of your situation, contact a local attorney who specializes in the area of law that involves your legal problem. Diane L. Gruber has been practicing law in Oregon for 26 years, specializing in family law, bankruptcy, estate planning and probate. Note: Diane L. Gruber does not represent you until a written fee agreement has been signed by you and Diane L. Gruber, and the fee listed in the agreement has been paid.
Chapter 7 Bankruptcy Attorney
If you qualify to file bankruptcy, it probably doesn't matter one way or another. Hope this perspective helps!
Chapter 11 Bankruptcy Attorney
Strange things happen in divorces, and they suddenly go ugly.
He gets assigned a certain debt, and you another. And then you file 7, and after discharge, he seeks to hold you to pay that debt under the decree, as it's threatening to sue him.
Or you file 7, but he files 13, and discharges his obligations under the property settlement, while you don't . . .
If the debt is discharged first, there's nothing to divide in that regard.
You probably need separate attorneys in the 7, or possibly have your divorce attorneys in place and have them agree on the bankrutpcy attorney.
In determining when to file a bankruptcy case, before your divorce or after your divorce, my colleagues have given you good answers and food for thought. One consideration, Domestic Support obligations are not dischargeable in either Chapter 7 or Chapter 13 bankruptcy cases. However, equitable distribution obligations ARE dischargeable in a Chapter 13 case, only. So, if there is any chance that you will be saddled with an equitable distribution debt in your divorce case YOU may want to wait until AFTER your divorce to file a Chapter 13 case. Speak with your divorce attorney and if necessary, an experienced Chapter 13 practitioner.
Bruce C. Truesdale
In most cases it is better to get a divorce wrapped up before filing bankruptcy. This may not always be possible. The interplay of divorce and bankruptcy can be complicated. If you are considering a bankruptcy, now would be a good idea to meet with a qualified bankruptcy lawyer with experience in the family law area as well. Our firm has expertise in both areas, but we are in Marlton, some distance from you.
The foregoing answer is for informational and educational purposes, not for purposes of legal representation. This answer is based on New Jersey law and is necessarily general in nature.. Laws in other states may be different, and each situation is different, so this answer might not apply accurately to you. No attorney client relationship is to be implied from this answer. Always seek independent legal advice.
Family Law Attorney
The answer depends upon your situation and the status of your divorce. If the debts were joint, and they are divided up i the divorce, then you may not be able to discharge them. If the debts are joint, them your spouse would remain liable for them even after you obtain a discharge. The other question, as pointed out in a prior answer, is your family income and the impact of your spouse's income on your total family income for purposes of the "means test". It is often cheaper to file a joint petition prior to divorce so that you only pay one filing fee and one legal fee, but if your spouse refuses, then that would not be an option. I agree that you should consult with both your divorce attorney and a bankruptcy attorney prior to taking any action.
Disclaimer: The information you obtain at this answer is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Review of this answer does not in any way constitute legal representation,
Generally, my recommendation is to file for bankruptcy first if both spouses file together. It's cheapter to file together since it's only for fee for both. Then, during the divorce there won't be any fighting about distribution of the debt and who has to pay for what.