Legal Question in Family Law in Massachusetts

Getting a loan

Does filing for divorce affect your ability to get a loan? If so, how?


Asked on 5/13/07, 4:31 am

2 Answers from Attorneys
Gregory Lee Gregory P. Lee, Attorney at Law

Re: Getting a loan

In Massachusetts, when you file for divorce, you are placde under an automatic restraining order against incurring improper debt. Some banks are thus cautious about giving the loan. As the loan is likely to be for a non-marital purpose, you would have to expect to assume it.

You are allowed to obtain loans in the regular course of your business, and to pay your attorney's fees.

Should you wish additional assistance, I would be happy to consult.

Greg Lee

[email protected]

www.gregleelaw.com

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Answered on 5/13/07, 8:34 am
henry lebensbaum Law Offices of Henry Lebensbaum (978-749-3606)

: Getting a loan

I agree with Greg.

It depends on the purpose of the loan.

Should you have any more questions, contact me.

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Answered on 5/13/07, 4:17 pm


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