Couple going through divorce and bankruptcy


Financial pressures can be a major factor leading to the breakup of a marriage. In most cases, those pressures only get worse during and after divorce. Once a couple separates, financial stress is often increased since each spouse tries to support separate households with the same amount of debt on less income than the couple had when married. Bankruptcy can spell financial relief in these types of situations. 

Should you file bankruptcy before or after a divorce? The answer to this question is highly complex and depends on the specifics of your situation. Only an experienced bankruptcy attorney like Michael Schwartz can provide the advice that is right for you.

At the Law Offices of Michael Schwartz, we have over 20 years of experience in providing debt relief to the hard working people of Bucks County PA. We can review your situation in a free consultation and discuss your legal options.


It is often better to file for bankruptcy before divorcing, particularly when the couple has a significant amount of jointly held dischargeable debt, such as credit card and medical bills. By filing the bankruptcy before divorce, attorney fees will be reduced because you may file a joint bankruptcy, as opposed to filing two separate bankruptcy cases. A Chapter 7 bankruptcy completely eliminates many types of unsecured debts like credit cards, medical bills and personal loans. In addition, a Chapter 7 bankruptcy can be achieved in as little as four months, before the divorce is finalized. By discharging the marital debt through bankruptcy, each spouse can restart their new lives with a fresh financial start. By eliminating the marital debt through bankruptcy before the divorce, it may make it easier to resolve issues in the divorce and allow for a simplified property settlement agreement to be created.  

Attorney Michael Schwartz has helped many people in this situation obtain a new financial start. In your case, our firm will work to obtain maximum debt relief so that you can make a successful transition to your new life.


After divorce, bankruptcy may be a good way to resolve debt that a spouse has accumulated throughout the marriage. If debt is joint, however, a bankruptcy will only discharge debt with respect to the spouse that files the bankruptcy - if only one spouse files bankruptcy, a creditor can still collect debt from the other spouse if the debt is in joint names, even if an agreement between the divorcing spouses provides that only one spouse is responsible. In this case, to totally resolve the debt, both spouses may need to file bankruptcy. Some debts resulting from the divorce proceedings cannot be discharged, such as child support and court ordered spousal support (alimony). By eliminating other debts however, a bankruptcy after divorce can lower monthly expenses and provide the necessary cash flow to pay your domestic support obligations

The Law Office of Michael Schwartz can review your situation and recommend the right solution for you. Then, we work to obtain the maximum debt relief for you, while enabling you to retain as many assets as possible. Call Michael Schwartz at 215-396-7900 to schedule a free consultation.  Make Michael Schwartz your bankruptcy lawyer near me.

Schedule a FREE Consultation

Fill out the form below and a member from our team will reach out to you to schedule your free consultation