CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Bankruptcy to Resolve Credit Card Debt after Florida Divorce

Florida residents currently experiencing the difficult process of divorce can find themselves questioning how the dissolution of their marriage will affect their individual financial future. Couples who have overwhelming credit card debt while married, may find themselves dealing with the debt they accumulated as a couple on their own after the divorce is finalized. Fortunately, when credit card debt is an issue, during or after a marriage, bankruptcy may become a viable option.

Divorce is a common cause of bankruptcy. Some individuals take the brunt of financial responsibility once the divorce is final due to their own debt, or being attached to the debts of their ex-spouse. Being attached to debt after divorce can cause complications later when the newly independent spouse begins searching for a home or vehicle, or contemplates remarrying. To help alleviate financial stress and concerns, experts recommend following a few simple guidelines.

First, in an effort to stay on top of finances after a divorce it may be important to separate the finances of each spouse during the divorce. Additionally, being aware of one’s credit report can also help establish a base line as the process continues. Beyond awareness of the credit report is having a firm understanding of the debt totals and individual incomes. Finally, being prepared to rebuild credit or seek options such as bankruptcy is also important.

For Florida couples dealing with divorce, separating themselves from their ex-spouse and finding financial independence is incredibly important to rebuilding their life. When credit card debt is a barrier to gaining financial freedom from their spouse, bankruptcy can become an option with great potential for success. The resolution of significant debt after a divorce through bankruptcy can be the start of new independence for both spouses as they establish newly independent lives.

Source: al.com, “Don’t let divorce hurt your credit,” Matt Becker, July 17, 2013

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

What Happens If My Spouse Dies During Bankruptcy?

Seniors declaring bankruptcy have many concerns. One of the most pressing is how their health or their spouse’s health might...
Read More

Can I File for Bankruptcy Without a Job?

Bankruptcy is often considered a tool used by people without money, without income, and without any financial hope. The truth...
Read More

Should I Use Retirement Savings to Avoid Bankruptcy? A Tampa Bankruptcy Lawyer Can Help You Protect Your Retirement Nest Egg

Withdrawing money from your retirement savings is rarely advised by financial experts, even if you are facing bankruptcy. Working with...
Read More

Can You File for Bankruptcy and Keep Your Home

Foreclosure is something that occurs after a homeowner has missed multiple mortgage payments. Working with a Florida bankruptcy attorney helps...
Read More

Is There Such a Thing as Mortgage Bankruptcy?

Your home is one of your primary concerns when filing for bankruptcy. Can you claim bankruptcy and keep your home?...
Read More

What Do You Need to Know about a Home Auction in Bankruptcy?

Home auctions are a common topic that arises when someone is faced with the prospect of bankruptcy. Bankruptcy protection for...
Read More

Can a Florida Bankruptcy Attorney Help Me Avoid Eviction

Losing one’s home is one of the most common concerns you can have when filing for bankruptcy. A Florida bankruptcy...
Read More

Covid-19 Tax Tips

The COVID-19 pandemic has affected a variety of things including taxes. These COVID tax tips can help you prepare and...
Read More

How Can a Bankruptcy Attorney in Tampa Florida Help Me If I Fall Behind on My Mortgage After Filing for Bankruptcy?

Many people find that filing for bankruptcy provides all of the financial relief they need to get back on track....
Read More

Are Bankruptcy Laws Designed to “Trip” You Up? Here’s How a Bankruptcy Law Firm Can Help You Avoid Trouble

It’s no surprise that people are skeptical of how bankruptcy can help their financial situation. Many have heard stories about...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions