Divorce impacts bankruptcy in the separation of marital property and the separation of marital debt. In Florida, any assets or property acquired over the course of a marriage must be justifiably separated, including retirement funds, equity in a home, bank accounts and other assets. In the case of debt, however, the terms of a divorce settlement do not affect the agreement you and your spouse have with creditors.
Our attorneys recognize that divorce and bankruptcy are two of the most challenging times in anybody’s life. Bankruptcy and divorce sometimes go hand in hand. Each respective proceeding is capable of affecting the effectiveness of the other set of proceedings. Also it can also help if you get advice from an accountant relating to assets tax etc prior to contacting us,as this will give us greater insight as to what properties and assets should be divided.
Give us a call today for the most reliable legal help you can get. You can also visit our sister website for more information on bankruptcy.