Life has been an emotional roller coaster for Rebecca. Her world came crashing down two years ago when Rebecca’s marriage ended. Rebecca and her two young children had to find an affordable apartment to rent and her budget continued to shrink due to inconsistent child support payments. It seems her ex-husband just can’t hold a job.
Trying to raise the children on a limited income is tough enough, but when there are health issues or even a school delay because of inclement weather, Rebecca has to take time off from work without pay. With money tight, Rebecca was forced to use her credit cards to buy food and to pay her bills. Along with the debt left over from her marriage that she was responsible for, Rebecca soon found herself unable to make even the minimum payments for her credit cards.
Creditors were calling incessantly and Rebecca became overwhelmed and very distraught with her emotional and financial situation. She heard about the Law Offices Steidl and Steinberg and their considerable experience in handling situations just like hers. After the free consultation, she had a plan of action, and suddenly life seemed to make sense again. Since Rebecca didn’t have any money left over at the end of the month to repay creditors, she was able to file a Chapter 7 bankruptcy. Rebecca was able to eliminate her debts and concentrate on her children.
Marital difficulties are, unfortunately, one of the leading causes of financial problems. The future for both parties can be compromised by decisions made during the emotional strain of a marital breakup.
That’s why it is imperative that, if you are considering bankruptcy but are also contemplating a divorce, you need to consult a bankruptcy attorney before filing any divorce documents.
If you have already filed for a divorce, it is important to consult with a bankruptcy attorney before proceeding further with the divorce action.
There are no set rules pertaining to filing bankruptcy in a divorce situation. Each case presents its unique scenarios. That’s why it is extremely important to discuss your financial future with a bankruptcy attorney as it relates to your marital situation. Let the attorneys at Steidl and Steinberg help!