Legal Question in Bankruptcy in Michigan
Divorce and bankrupcty
We currently in a chapter 13 bankrupcty and is thinking about getting a divorce. How would a divorce affect the bankruptcy and it's payment plan?
2 Answers from Attorneys
Re: Divorce and bankrupcty
This is a question for your bankruptcy attorney since he or she knows or has easy access to your specific situation. It may require a plan modification based on your changed circumstances.
Re: Divorce and bankrupcty
Talk to your bankruptcy attorney because it depends on what assets/debts you are dividing up and you'd have to decide which of you will continue paying for what debts. Also, one or both of you may qualify to convert to a Ch 7 if the divorce changes your financial situation. Discuss this with your bankrupcy attorney before taking any further action.
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