Divorce and Asset Protection in Bankruptcy
When bankruptcy is involved in a divorce or a divorce precipitates a bankruptcy, it is vitally important to consult an experienced attorney immediately. These are complex cases with important issues that must be resolved quickly and efficiently in order to avoid costly, even disastrous mistakes.
The Los Angeles law firm of Weintraub & Selth has substantial experience in managing divorce and asset protection against the background of bankruptcy. We can help you and your divorce lawyer address issues of tax debt, community property division, alimony, child support and investment property in the divorce estate. Contact us today to discuss your particular situation and your real, legal and ethical options.
Issues in Bankruptcy Divorce and Asset Protection
In many cases, the community property (and related debt) comes into the bankruptcy estate which is managed by the spouse who filed bankruptcy first. Understanding this process up-front can provide you with significant leverage and eliminate years of costly wrangling in the divorce court. In addition, understanding the uses of bankruptcy in the context of a divorce can help you and your former spouse make rational decisions that are in your mutual best interests, such as:
- Should you file personal bankruptcy first?
- How do we address any assets held by a family business?
- How do we make sure the children's interests are protected in a bankruptcy divorce?
Please call our L.A. offices at (310) 584-7702 or toll free at (866) 572-2423 to discuss your bankruptcy divorce and asset protection needs with an accomplished lawyer. You may also e-mail us now with any questions or to request an appointment.
