Focus (Forum & Focus)
Jul. 4, 2007
Bankrupt Marriage
Focus Column - By Gary A. Starre and Harold J. Cohn - Preparation is key when dealing with the twin traumas of divorce and insolvency.
By Gary A. Starre and Harold J. Cohn
Contrary to rumors of its demise, bankruptcy is alive and well since its overhaul in October 2005. When one spouse files a bankruptcy during a divorce, before the property has been legally divided by court order, the stage is set for a nasty battle. The Bankruptcy Court's focus is completely different from that of the state court, because the Bankruptcy Court's agenda is to use...
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