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The difficulty of filing for bankruptcy during divorce

by Administrator 15. October 2009 04:49

One particular challenge in a divorce is a bankruptcy filing during the divorce process. While most couples file for bankruptcy before the divorce to simplify things, some do not have that option and must wrangle out the communal and individual debts in court. 

When a couple decides to file for bankruptcy during divorce, certain types of property are eligible to pay off the debt. One type is community property, which is property acquired by both parties during the marriage. A few exemptions apply to the community property rule, but these exemptions vary by state. 

If you are in the middle of divorce proceedings and considering filing for bankruptcy proceedings, contact the Arizona bankruptcy attorneys of the Harmon Law Office at 480-829-0494.

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Arizona bankruptcy attorney | Arizona bankruptcy lawyer

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