Shon had some continuing education this week, so we rewinding a few to bring you an episode that first ran back in April discussion divorce and bankrupcty.
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.