I couldn’t have said this better myself. I get a lot of questions regarding divorce and bankruptcy and how the two relate. (Honestly, it usually starts with “do you do divorce work?” followed by a resounding “No!”. I learned a long time ago, I don’t like fighting over microwaves, etc.) This article sums it up nicely, including the most common question “should I file divorce first or file bankruptcy first?”. I will add that the way divorces affect a bankruptcy filing and vice versa can be quite complicated depending upon the wording of the divorce agreement, therefore, as the article says “don’t try this at home.”
Bankruptcy and Divorce – The Short Version | Malcolm Ruthven – JDSupra.