When parties are divorcing in Delaware, there are many important issues that must be resolved including division of the assets, custody, visitation and support. With the downturn in the economy, many individuals are also forced to deal with debts that either or both of them cannot pay.
The Delaware bankruptcy law can be a help here for divorcing couples. Either or both parties will sometimes file a Chapter 7 bankruptcy to have the debts incurred during the marriage discharged.
If the parties have entered into a property settlement agreement, the paying party can sometimes file a Chapter 13 wage earner plan to discharge some or all of the payments under the agreement.
Since 1978, our firm has helped thousands of Delawareans throughout the state through the use of both Chapter 7 and Chapter 13 wage earner plans. Call toll-free at 1-888-734-6800 for more information or to schedule a free initial consultation.
Doroshow, Pasquale, Krawitz & Bhaya’s bankruptcy practice is focused throughout all of Delaware. We have offices in Elsmere (suburban Wilmington), Bear, Dover, Middletown, Milford, Millsboro, Seaford and Smyrna.