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Filing for bankruptcy before divorce
If you and your spouse are planning on getting a divorce but you are heavily in debt with no way to alleviate your situation, you might want to file for bankruptcy. Unfortunately, although you can file for both at the same time, the two proceedings do not occur simultaneously. In most cases, the bankruptcy won’t take place until after your divorce is finalized and the court decides on property division. The best way to simplify things is to file for divorce first. However, this depends on the circumstances as it might be more feasible to file Chapter 7 bankruptcy first.
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