Money problems are one of the biggest causes of divorce here in New Jersey. Couples fight over money, this spreads to other problems, they get a divorce. It is here that bankruptcy can either save the marriage (by getting rid of the principal point of conflict) or simplify the divorce, if the relationship has gone past the point of no return.
A Podcast for You
But for bankruptcy to be helpful in the divorce process it must be used with plenty of planning by both parties and their attorneys. It should be part of your overall divorce strategy.
This is why, a year ago this month, I started the Bankruptcy Strategies in Divorce podcast with a local family law attorney. Every month we hash out different problems that can arise when these two areas of the law clash, rather than work together towards a solution.
How It Can Help You
For the first anniversary of this podcast, I thought I might stop and comment on how some of the episodes might help you if you are going through a divorce in the Garden State. There are topics such as:
- Avoiding asset disclosure problems (an asset is listed in the divorce but not the bankruptcy or vice versa)
- Whether you should file before or after the divorce is final
- How bankruptcy can actually sometimes cause more problems in your divorce than solve them
- Dealing with creditor liens on marital property
Every month, local family law attorney Meryl Pedersen and I talk about a different topic in hopes of helping you through the process.
Are you and your spouse getting divorced? Are money problems anywhere in the mix? Then feel free to check out this podcast for more information.
Get More Answers From My Books!
If you are looking for more information about how bankruptcy can help your divorce, download my free book, Top Questions Divorcing Couples Ask About NJ Bankruptcy.
Have more general questions? Then check out Top Questions People Ask About Filing Bankruptcy in New Jersey.