Divorce and Bankruptcy – Part 2

  310.376.9865 When are you liable for your Spouse’s Debt Incurred during the marriage? PERSONAL LIABILITY: If it a joint debt, a debt where both parties applied for the debt, then you are jointly liable. Otherwise, you only incur personal liability for your spouse’s debt in three occasions: The debt was assigned to you as

Divorce & Bankruptcy – Part 1

  310.376.9865 When things go bad, they go bad, and frequently married couples want to go through both a divorce and a bankruptcy. Question:  Should the parties file bankruptcy first, or divorce first. Answer:  Depends (Typical lawyer answer). Cooperation:  If the parties are able to coexist and are still cooperating, then probably should file the