This may not come as a surprise to those of you who have gone through a particularly nasty divorce, but did you know that the number one cause of bankruptcy in America is divorce? While a lot of people may say that money issues are often the culprit for divorce, divorce itself and post-divorce money problems are just as troubling. If you are a single parent with little or no support from the other parent, filing for bankruptcy can feel like an especially overwhelming and daunting process. Not having a backup plan or anywhere else to turn financially is exponentially more terrifying when there’s a child involved. If you are the sole financial provider for your child, the thought of bankruptcy can feel like the end of the world. However, this is not the case – you do have options. As top Florida bankruptcy attorneys, BCN Law Firm has helped many single mothers and fathers regain their financial footing and be able to provide for their children’s future.
You DO Have The Right To Meaningful Debt Relief
Our experienced legal team works with single parents to build what is most assuring to those who don’t know what to do – a solid plan. We help them structure a legal plan to a fresh financial start employing the protections and rights afforded to them under Florida bankruptcy laws. Through Chapter 13 reorganization or Chapter 7 debt liquidation, we can help you do the following:
- Reduce or eliminate credit card debt
- Stop creditor harassment
- Prevent home foreclosure
- Handle tax problems
Dealing With Alimony Or Spousal Support Payments
One of the biggest questions for single parents when filing for bankruptcy is whether alimony payments can be discharged. In the state of Florida, the simple answer is no. Both federal and state bankruptcy law does not allow anyone to discharge alimony obligations due to the fact that it may have a detrimental effect on the receiving party and the child involved. If you are on the receiving end of alimony, our team will counsel you about all the complexities regarding how filing for bankruptcy may impact the way you receive alimony. If you are paying alimony, we will help you with how much you are required to pay and how to seek a modification if the circumstances allow.
We Will Guide You To Stable Financial Ground
People have countless myths about bankruptcy – we hear all of them when they come into our office. While bankruptcy options are certainly not for everyone, the law is designed to offer relief to a certain group of individuals, and we are here to help guide you regarding what steps to take and which decisions are the best for your specific situation.
Contact Us Today
At BCN Law Firm, we are dedicated to helping single parents regain their financial footing through legal options. We know that in many instances, single parents face significantly more financial stress than married ones. This is particularly true if they are the sole provider for their child and responsible for their child’s well-being. Call BCN Law Firm to consult with a top Florida bankruptcy attorney today.