Aurora & Oswego, IL Bankruptcy & Divorce Lawyers
Experienced Attorneys Providing Option for Debt Relief As You End Your Marriage
Kane County - Kendall County - Will County - DuPage County - DeKalb County
At Illini Legal Services we often represent clients facing both bankruptcy and divorce at the same time. Separately, these two legal issues are challenging. Together, they can easily create utter emotional devastation. We strive to help our clients understand their options surrounding bankruptcy and divorce and help them to make sound decisions that support their future goals.
With more than 30 years of experience representing clients facing both bankruptcy and divorce, the attorneys at Illini Legal Services know how to evaluate your unique situation in an effort to determine if filing for bankruptcy before divorce or waiting until afterward will best serve your interests. Contact Illini Legal Services at (630) 405-5027 or toll free at (888) 418-3323 to schedule a free consultation. Se habla español
For more information about bankruptcy and other debt relief options, please visit Illini Legal Service's bankruptcy website.
How Does Bankruptcy Impact Divorce?
You can file for bankruptcy during or before your divorce is final, but it is generally preferable to wait until after divorce proceedings or at least very near to the entry of final divorce orders. In any case, it is critical that your divorce lawyer understand the correct knowledge that should be used in property settlement orders to protect both parties during divorce and bankruptcy.
Financial obligations agreed to in the divorce settlement are not dischargeable in a bankruptcy proceeding. If you agree to take on a certain credit card debt during your divorce, you will not be able to include it in your bankruptcy. You will still be responsible for paying it. Therefore, you need to exercise great caution when agreeing to take on a martial debt.
While bankruptcy should be the last resort in any situation, it can allow divorcing parties the means to restructure their lives and build a solid foundation for their future.
Contact an Illinois Bankruptcy and Divorce Lawyer
Divorce and bankruptcy build upon each other, adding complexities to both legal situations. Be certain you have the knowledge to make wise decisions. For a free consultation and case evaluation, contact Illini Legal Services. Our offices are conveniently located in Aurora, Oswego, West and Chicago.
Illini Legal Services is engaged in the private practice of law and is not a public legal aid agency. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.