If you are a father living in Texas, and you have possession of your children pursuant to a standard possession order, June brings great news: extra time to spend with your kids! How does this work? A standard possession order grants visitation on the first, third and fifth weekend of every month. The last weekend in May, May 31-June 2, is considered the 5th weekend of May. Therefore, the first weekend in June is June 7th- June 9th. That means you will have possession of your children two weekends in a row, during the fifth weekend of May and the…
How does bankruptcy affect my divorce case?
In today’s economic times, divorce and bankruptcy often go hand in hand. It’s important to know what role bankruptcy can play in a pending divorce suit.
You may be able to file for divorce while you have a pending bankruptcy filing and the court may render judgment on issues such as child support or conservatorship issues. Many courts will not award property while your bankruptcy is still pending and your divorce may not be finalized until the bankruptcy has been discharged.
If the court does allow your divorce to be finalized, bankruptcy can have an effect on the property and debts that were awarded in the final decree of divorce. Obligations entered into in a divorce settlement are considered non-dischargeable, which means they may not be discharged in a later bankruptcy filing. And while creditors can’t come after you for payment after you’ve filed for bankruptcy, they can go after your ex-spouse for payment for any community debts. That opens you up to financial liability to your ex-spouse even after your divorce is finalized.
The complexity involved in a joint divorce and bankruptcy make it imperative that you are represented by an attorney who is experienced in divorces involving bankruptcy. Please contact the Ramos Law Firm if you are interested in consulting with an attorney and obtaining more information.