In a marriage, debts, much like assets, are frequently the legal responsibility of the couple, not just a single individual. When considering bankruptcy, it is extremely important to examine how it will affect both of you. The attorneys at Tishkoff PLC carefully evaluate the finances of both parties and explain the debt relief options available to you as individuals and as a couple. We will take the time to go over the potential advantages and pitfalls you may encounter and answer any questions you may have.
The sooner you act, the sooner we can help to alleviate the stress and aggravation that comes with out-of-control debt and allow you to focus on rebuilding your financial lives.
Joint Bankruptcy Attorney
If your spouse files, and you are also liable for the debt, the creditors may go after you for payment. Therefore, the first question that must be asked is this — who is liable? When both you and your spouse have equal liability for the debts, then it may be in your best interests to file for bankruptcy jointly.
Our firm will carefully evaluate both you and your spouse to determine whether a joint filing or a single filing is most beneficial. We will also examine and discuss the potential consequences with both of you, so that you have the information you need to make an educated legal decision.
Businesses and Investments
When the bankruptcy is tied to a business or a private investment, it is still extremely important to carefully examine how the individual finances of both parties will be affected now and in the future. Our attorneys have many years of experience with representing the interests of both individuals and businesses in debt relief matters.