Yes, the timing of the filing of the bankruptcy can be critical, especially as it pertains to the family home. The short answer is that bankruptcy before divorce is usually, though not always, preferred. For more in depth information, please take a look at my interview for The Coover Law Firm at https://www.cooverlaw.com/bankruptcy-after-divorce.
I’m thinking of getting a divorce, but I also have to consider bankruptcy. Does it matter when I file the bankruptcy relative to my divorce case?
Ronald J. Drescher has been practicing since 1986 in the areas of business transactions, commercial litigation, loan documentation, bankruptcy, creditors’ rights, and out-of-court workouts. His experience also includes corporate reorganizations, insolvency, business and tax planning.
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