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Bankruptcy and Divorce in Illinois

Divorce and financial difficulties often come together. Financial problems may have caused or contributed to the divorce and vice versa. Whatever the situation, when divorce and bankruptcy collide, there can be unforeseen consequences.

At Loop Bankruptcy, a service of Lakelaw in Chicago, Illinois, we help sort out the financial issues that can accompany divorce.

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Bankruptcy and divorce. They often cannot be separated. When two people are dividing property, when that property is under financial strain, you need a divorce lawyer and a bankruptcy lawyer.

We are recognized for our leadership in bankruptcy/divorce actions.

Many divorce attorneys rely on Lakelaw - Loop Bankruptcy for our counsel and advice. In fact, David P. Leibowitz has again been asked to write the bankruptcy portion of the Illinois Institute for Continuing Legal Education's 2008 Divorce Annual Update. Matrimonial lawyers know our ability to sort through complex, tangled, troublesome finance issues. If you are going through a divorce and a bankruptcy, contact a bankruptcy attorney who understands the issues involved.

While bankruptcy can resolve financial issues, it can be a complicating factor when divorce is added. Make sure you have the right lawyers for each matter — and that those lawyers work together as a team in your best interests.

Bankruptcy does not avoid child support, maintenance obligations or even property settlements

Child support and maintenance or property settlements cannot be stopped or avoided because of bankruptcy. Both parents have an obligation to provide care and support to their children. And the obligation to provide for maintenance can't be discharged in bankruptcy either. Even property settlements can't be discharged in bankruptcy except in a Chapter 11 or Chapter 13 case. So don't give up if your ex-spouse files bankruptcy. You still may be protected.

Don't get caught in a complex financial web.

Make sure that financial matters are settled along with the divorce itself. If you ask us to handle the financial issues, you can count on being treated with care, kindness, courtesy, respect, professionalism and dedication at all times at Lakelaw - Loop Bankruptcy.

 

Call today and begin the process of finding the financial solutions you need.

Free initial consultation. Act today.

Call (866)525-3529