June 12, 2014 Bankruptcy No Comments

bankruptcy and divorceThe financial hardship of maintaining two households instead of one often causes bankruptcy as a consideration when couples divorce. Filing a joint bankruptcy is generally more advisable than filing separately after a divorce. A joint bankruptcy accomplishes several things. Firstly, it saves the cost of two bankruptcies. Secondly, it helps both the husband and wife wipe their financial debts out at the same time. Finally, it allows for a clean separation agreement that doesn’t raise legal questions after the divorce. For more information please visit (http://kcarplaw.com/) or contact Kenneth Carp at 636-947-3600.

Written by kennethpcarplaw@gmail.com