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Bankruptcy and Divorce
Bankruptcy and Divorce. Bankruptcy is a process designed by the federal court to help individuals or businesses eliminate their debts or repay their debts under the protection of the bankruptcy court. The two most common types of bankruptcy are Chapter 7 Bankruptcy ("liquidations") and Chapter 13 Bankruptcy ("reorganizations").
Chapter 7 bankruptcy is often referred to as a liquidation bankruptcy in which property is sold (or liquidated) to pay off as much of your debt as possible, but leaving you with enough property to have a clean start. Chapter 13 bankruptcy is often referred to as an individual debt adjustment and is the most common type of "reorganization" bankruptcy for consumers. In a Chapter 13 bankruptcy, the consumer would typically repay his/her debts over three to five years.
Bankruptcy has many rules and exceptions to those rules such as what kinds of debts are covered, who can file bankruptcy, and what property you can and cannot keep. Due to the financial pressure and stress or accrued debt often placed upon a marriage or divorce proceeding, bankruptcy and divorce are often associated with one another.
If you or your soon to be ex-spouse are thinking about bankruptcy or have questions about bankruptcy, we invite you to contact us to schedule an appointment to discuss your situation and/or legal need. For a free consultation, call (714) 730-8202, or send us a request for an appointment online.
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HOSFORD & HOSFORD, INC.
A LAW CORPORATION
17821 E 17th
Suite 295
Tustin, CA 92780
Tel:(714) 730-8202
Fax:(714) 730-1959 |
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| Family Law Attorney Profiles |
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Stephen C. Hosford
Mr. Hosford specializes in Family Law and provides strong legal representation and legal counsel on family law, divorce, and child custody related issues. |
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Valerie R. Hosford
Ms. Hosford is a Certified Family Law Specialist certified by the California State Bar Board of Legal Specialization focusing on family law & appellate law. |
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| Evening and weekend appointments are available on request. Practicing In Orange County Since 1978. Call (714) 730-8202 |
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| Child Custody & Divorce Library |
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 | | Divorce - Divorce or Disolution of Marriage, timeline, process, issues, questions, and procedure as it relates to California Family Law. |
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 | | Custody & Visitation - Physical Custody, Legal Custody, Joint Custody, meaning and types of custody arrangements. |
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730 Evaluation - 730 child custody evaluation or investigation of the family dynamics as it relates to the best interest of the children. |
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 | | Child & Spousal Support - Child Support and Spousal Support calculation factors and guidelines as it relates to California Law. |
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 | | Bankruptcy & Divorce - Divorce attorney and bankruptcy attorney to help with your divorce and bankruptcy legal needs. |
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Hosford & Hosford, Inc.
A LAW CORPORATION |
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