For over 20 years we’ve helped clients face, handle, and move past their debt

Bankruptcy for Divorcing Couples

The divorce process requires you and your spouse to divide more than just your assets — you must also divide the responsibility of paying off debts. Often, one spouse agrees to take responsibility for the debt and then discharges the debt in bankruptcy, leaving the other spouse to face creditors alone. The unfortunate truth about these scenarios is that they cannot be undone, but they can be avoided. When both parties in a divorce agree to file a joint bankruptcy, they can both start fresh. Running Law Firm provides consulting services to divorce attorneys and their clients who want to be proactive about their debt.

Twin Cities Lawyers: Bankruptcy And Divorce

Filing for bankruptcy offers many benefits, including:

  • Saving money. When you file joint bankruptcy, you only pay one filing fee and one bankruptcy lawyer's fee.
  • Protecting both debtors. Joint bankruptcy protects you and your spouse from liability for debts instead of exposing one of you to collection efforts if just one of you files bankruptcy for debts that are in both your names.
  • A fresh start. Though divorce is difficult, it can allow you to start fresh. By filing for joint bankruptcy first, you can start fresh financially as well.

By taking proactive steps and making informed decisions, it is possible to prevent serious financial problems from becoming a burden in the future. With 25 years of combined legal experience, our attorneys can help you understand your options. We will work toward a solution that may help you achieve your financial goals.

Contact Running Law Firm | Your Goals Matter To Us

For assistance with bankruptcy in Minneapolis, Minnesota, contact Running Law Firm at 612-279-2660.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

For More Information

Fill out our online form