Attorney Shon cook is back after a couple weeks of R and R and this week the topic is about a combined matter that the use of an attorney or two should be strongly considered due to the complexity of the situation as well as the emotional toll involved in both parts of the process. This week Shon is talking about bankruptcy and divorce. They are different areas of legal specialty but they often tie in together and there is a perfect example to help understand all of this, me.
The first time I tried marriage, I was in no shape to be there. I had a lot of things to resolve for myself when it came to personal responsibility, I also was a highly functioning but hopeless alcoholic and I thought at the time that adding a wife and kids would give me the balance I needed to be a “grown up” and everything would balance out. Sadly mistaken and as this weeks topic of bankruptcy and divorce suggests, I was heading for both. Neither of which are the proudest days of my life. Standing in front of anyone and admitting that you failed is a horrible position to be in. Growth does not come without failure however. Am I suggesting to go out and fail? Not in the least, what I am suggesting is that you learn from the examples I lived through and do better.
Bankruptcy and divorce being close partners shouldn’t be a surprise. When things start to go south in a relationship chances are that other areas of life are going to get a little messy too. Think about the time in the ending of that relationship when it becomes more or less everyone for themselves? A whole lot of ugly can happen quick and the help of highly qualified attorneys like Shon who have seen whet can happen from the 1000 foot view point are essential.
If debt is being divided in a divorce it’s one thing. However if in the divorce proceedings one party files for a bankruptcy it causes an immediate chain of events that puts the brakes on everything. After all, as the courts are being asked to divide assets and liabilities between two parties and all of the sudden they are frozen as bankruptcy decides….you can see where this is going. Add in too that when one party decides to go the bankrupt route, the creditors will look to who else might have been on the account when the debt was assumed and then they are coming after party 2.
Yes, this is where we let Shon come in with her incredible level of expertise. Take a listen.