Chapter 7 Bankruptcy: Post-Divorce Relief

If you're going through a divorce, rebuilding your life can come in many stages. A Chapter 7 bankruptcy lawyer can help you rebuild your life financially.

Here are some of the ways that a Chapter 7 bankruptcy lawyer can help you navigate your financial future after a divorce.

Timing Is Key

Chapter 7 bankruptcy isn't for everyone. Knowing when to file is almost as important as knowing how to file all the paperwork.

Tax Brackets

Chapter 7 bankruptcy is suited for individuals with few tangible assets (property, stocks, bonds, etc.). If you're emerging from a divorce, have few valuable assets, and/or you're entering a lower tax bracket, Chapter 7 bankruptcy might be ideal for you. Your Chapter 7 bankruptcy lawyer can help you time your filing so that it reflects your post-marital financial status. Waiting to file until after your new financial reality is denoted by the IRS can make you eligible for Chapter 7 bankruptcy, which can drastically expedite the process.


The way your divorce is adjudicated can impact your Chapter 7 bankruptcy prospects. For instance, if you are responsible for making alimony payments to your ex-spouse, those payments can be seen as debts. Your Chapter 7 bankruptcy lawyers can create a comprehensive financial portfolio that includes the debts you carry from your divorce settlement. Although this likely will not completely alleviate your alimony responsibilities, it can reduce them after your Chapter 7 bankruptcy is processed.

Filing for Freedom

Chapter 7 bankruptcy is to give individuals an escape from crippling debt. A Chapter 7 bankruptcy lawyer can help you file in a way that reduces your debt burden.


Not all debts can are included in Chapter 7 bankruptcy protection. For instance, if you have student loan debt and/or carry tax liens from a property, these debts cannot be forgive by Chapter 7 bankruptcy. However, your Chapter 7 bankruptcy lawyer can help you file for debt relief that consolidates some of your debts so that they can be resolved through Chapter 7 bankruptcy. To optimize your debt relief, your lawyer can help you liquidate your existing assets to reduce the amount of debts you owe on loans that can't be forgiven by Chapter 7 bankruptcy. Because this process requires detailed forensic accounting, your Chapter 7 bankruptcy lawyer will need access to every scrape your financial history. This includes tax returns and all of the documentation related to all of your debts.