{"id":36863,"date":"2022-03-13T00:25:54","date_gmt":"2022-03-13T08:25:54","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=36863"},"modified":"2022-12-21T02:56:43","modified_gmt":"2022-12-21T10:56:43","slug":"divorce-and-bankruptcy","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/bankruptcy\/divorce-and-bankruptcy\/","title":{"rendered":"Divorce and Bankruptcy"},"content":{"rendered":"
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Bankruptcy Attorneys in Portland, OR<\/h2>\n

Divorce and bankruptcy are two concepts that are often intertwined-concepts that couples often deal with when on the brink of splitting up. In fact, 22% of the 50% of divorces are caused by financial issues. Plenty of individuals cite divorce as their main reason for filing for bankruptcy, both of which should be simultaneously planned in order to get the most cost-effective result. Several factors come into play in filing for bankruptcy before or after a divorce, which is why considering legal opinion is always a smart move in this case. <\/p>\n

There are several ways to go about divorce and bankruptcy filings, from joint petitions to considering Chapter 7 vs. Chapter 13 bankruptcies<\/a>. All these have varying rules that one must adhere to in order to achieve the most optimal result for both parties. This page also tackles property division which wipes out debts in an effort to simplify the division process along with several other income qualifications.<\/p>\n

You might be tempted to take immediate action when torn between filing for bankruptcy or divorce, especially if it\u2019s gotten to the point where you can\u2019t pay off your debts. Take the smartest way out by consulting a Portland, OR divorce and bankruptcy attorney. The divorce and bankruptcy attorney will walk you through the entire process, explain the terms  you find confusing, and offer to represent you in court. <\/p>\n

Don\u2019t wait out to drown in debt and heartbreak. Get in touch with a Portland bankruptcy law firm<\/a> right now. <\/p>\n

Can We File for Bankruptcy Together?<\/h2>\n

Yes, it is possible for couples to file a joint petition. A married couple\u2019s bankruptcy starts when they file for an official bankruptcy paperwork to court. This joint petition the married couple files contains financial information of both individuals. If the married couple is divorcing, filing becomes more convenient since joint petitions come with benefits such as:<\/p>\n