Lewis Roberts, PA, We are helping consumers in Volusia, Flagler, Seminole, and Orange Counties end their bill problems.
(prHWY.com) October 21, 2012 - Ormond Beach, FL -- Divorce is not about breaking resources any longer, it is about breaking debts.
The clients who gets to keep the house, or the car, always agreeing because there is not any equity in either any longer (unlike during the property boom) or when earnings were higher and everyone owned their cars overall.
So the discussion turns over who is going to be responsible for the note and mortgage on the home and the joint credit cards. Could an ex-spouse damage your credit? Absolutely. If the couples are on good terms, I would
suggest that bankruptcy together, and then processing divorce is the best route. It will spend less by removing debts (only one bankruptcy fee) and spend less by consolidating the issues of the divorce as well.
Many partners are mystified as to who is individually accountable on the credit cards. Did you both sign the credit card holder contract, or is one of you only an approved user. There is a significant difference.Did you both sign the promissory note on the property mortgage? If one partner is constantly on the pay for the property after divorce, what happens if he or she drops behind later? The lender could chase the partner who has not resided there in short time.If you are together responsible for both cars, if your partner prevents paying, or cannot pay for the car, you have to suffer on her behalf.
That is why a personal
bankruptcy processing may clear up all of the unpleasant debt issues. Release the debts from the house. So if your previous spouse still lives there, you are not accountable if she defaults later.So to see the both sides of the coin, you have to hire a bankruptcy Attorney; they can guide you better about all pros and cons of bankruptcy.
Lewis Roberts, PA is an Orlando based company where people can get genuine solution for home, bankruptcy or divorce related problem. This Daytona Bankruptcy attorney is famous because of the excellent work and great services.
Lewis Roberts, PA
555 W Granada Blvd H-12
Ormond Beach
FL 32174
USA
888-399-0611
www.lrlawoffice.com
Bankruptcy Attorney | Daytona Bankruptcy Attorney | Bankruptcy Attorney in Orlando
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