If someone is contemplating divorce or has decided to file for divorce, they should contact an attorney in Ozaukee WI. During a divorce, it’s important to protect your legal rights and assets. Dividing assets and debts fairly are usually the largest area of contention during a divorce. Couples that must decide the right child custodial arrangement can become involved in a lengthy court battle. Obtaining a free consultation with an attorney will offer you the guidance needed to understand how a divorce will proceed. An individual may believe they can file their own divorce or compose their own settlement agreement with a computer program. Serious problems can occur if the appropriate legal language is not part of a program and isn’t part of a legal document.
A couple doesn’t usually agree about what should happen to the assets they’ve accumulated including a home or car. Retirement investments such as 401K’s are another area of contention. The payments that need to be made on credit cards, car loans and mortgages need to be determined as part of the settlement process or devastating financial results could occur. When a divorce is filed, one or both of the partners may have to file for bankruptcy. It’s important to discuss bankruptcy with an experienced Attorney in Ozaukee WI. The right type of bankruptcy for the current situation can be determined by presenting all of the facts to a bankruptcy attorney.
Chapter 7 bankruptcy can be filed to eliminate debt. This type of bankruptcy is a good alternative for an individual that does not have the income to pay off the debts. In certain cases, a home and a car can be excluded from the bankruptcy. Chapter 13 bankruptcy is a repayment plan that is established by the bankruptcy court over a three to five year period. When all of the payments have been made, the remaining debt will be forgiven by the creditors. If you have found yourself in financial distress over bills or in a divorce situation, contact an Attorney. Their legal knowledge and guidance will make this very difficult time easier. They will offer sound legal solutions for the problems you’re facing with a positive outcome.