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Home 9 Bankruptcy 9 Know your rights if your soon-to-be ex-spouse has filed for bankruptcy

Know your rights if your soon-to-be ex-spouse has filed for bankruptcy

by | Jul 30, 2015 | Bankruptcy

If you and your spouse are like most married couples, then each of you handles different household and financial responsibilities. Maybe you’ve been in charge of most of the domestic matters like taking care of the kids and making your home a comfortable place to live, while your spouse has overseen bank accounts, the mortgage and other investments.

Sometimes, though, the problem with this kind of division of duties is that money problems come as a surprise to the spouse who doesn’t usually handle the finances. And the shock can be even more painful if you and your spouse are separated or in the process of getting divorced when you find out about heavy marital debt.

You are not alone if you’re facing a difficult situation because of bad financial decisions your spouse made without your knowledge. At [nap_names id=”FIRM-NAME-1″], we advise and represent clients whose spouses have caused money problems for both parties.

If your spouse has filed for single-spouse bankruptcy, then the filing can have a very serious impact on you as a non-filing spouse.

Maybe, unbeknownst to you, your husband or wife invested marital property and lost money on the investment. Maybe your spouse took out another mortgage without your knowledge. Maybe your spouse’s secret credit card use was simply flagrant and out of control.

If you know your spouse is filing or plans to file for bankruptcy, or if your spouse’s bankruptcy trustee has contacted you, then don’t hesitate to speak with a debt relief attorney about your available legal options. A lawyer with experience in handling these kinds of situations can offer advice designed to protect your interests.