DuPage County Debt Relief Attorney Explains the Bankruptcy-Divorce Connection
Excessive debt and financial problems are often cited as the leading causes of divorce in Illinois. If your marital problems have caused a divorce at the same time that you are considering an individual or joint bankruptcy — and you don't know if you can afford it — you owe it to yourself to get straight answers about your debt relief options.
Linda Bal is a lawyer who has helped individuals, families and businesses in Itasca, Naperville, Huntley and Greater Chicago to rebuild their finances through consumer bankruptcy protection.
While national divorce rates continue to soar, and our economy continues to lag, you may be facing the need to divorce and start a new life on the one hand, and the need for a financial "fresh start" that can only be provided by Chapter 7 or Chapter 13 bankruptcy.
Many couples want to end their marriages, but find that even the most routine uncontested divorce costs too much money. During your free initial consultation, our skilled bankruptcy attorney Linda Bal can discuss these specific circumstances with you and lay out your legal options — facts that can lead to sound decisions.
Contact Linda Bal & Associates. We offer reasonable flat rate fees with no hidden costs; weekend and evening hours, with appointment flexibility; all work performed personally and directly with you, by an experienced attorney; and prompt, professional service you can count on.
Taking the Fear and Uncertainty Out of Your Bankruptcy Filing — And Your Divorce
Here are some facts you should be alerted to, about the bankruptcy-divorce connection in Illinois:
- Divorce is always possible, but legal separation from your mutually collected debts is not. Division of debt can be worked out in a settlement agreement.
- When one spouse files for bankruptcy, the other is often compelled to file as well.
- If your former husband or wife does not repay a debt, a creditor can come after you.
- Domestic support obligations in your divorce decree such as alimony and child support are not dischargeable in a consumer bankruptcy.
- Many couples decide to file for bankruptcy first, then pursue the divorce.
Naperville bankruptcy attorney Linda Bal uses her 20-plus years of experience and broad bankruptcy knowledge to show you the light at the end of the tunnel. She takes the embarrassment out of a bankruptcy filing and shows you how federal protections are the cure, not the disease. She knows that many of today's personal and business financial success stories began as bankruptcies. She is dedicated to your success.
From offices in Chicago, Huntley, Itasca and Naperville, the lawyers of Linda Bal & Associates provide legal advice and representation for clients in communities throughout DuPage County, Kane County, McHenry County, Will County and Cook County, Illinois. Contact the firm to arrange an initial consultation with an experienced Naperville bankruptcy and divorce attorney at an office near you.