Bankruptcy & Divorce in Pasadena & Beverly Hills
Financial Issues in a Divorce
A divorce settlement will cover many issues pertaining to a marriage, including the division of any assets and liabilities accumulated during the course of the relationship. It is not uncommon for a divorce to bring about a financial crisis that can result in difficulties meeting your financial obligations. Bankruptcy is a legal remedy that can:
- Stop harassing calls from creditors
- Put an end to creditor lawsuits
- Prevent repossession and foreclosure
If you qualify for Chapter 7, you will be required to liquate non-exempt assets to pay your creditors. After your creditors have been repaid, any remaining debts will be discharged. A Chapter 13 bankruptcy will give you the opportunity to restructure creditor payment plans. You will not be able to discharge court-ordered alimony or child support. When an ex-spouse files for bankruptcy while a divorce is in progress, a separate "bankruptcy estate" is created for their non-exempt property. This property cannot be distributed as part of the divorce settlement. Bankruptcy can quickly become a complicated issue during and after a divorce. If you or your ex-spouse intend to file for bankruptcy, it is strongly advised that you contact a Pasadena divorce lawyer for legal advice.
Divorce Attorney Serving Pasadena & Beverly Hills
The Graves Law Firm is an experienced divorce firm that can give you helpful information regarding bankruptcy laws and divorce. The firm can explain the bankruptcy process, and how it will impact your life and finances. Filing for bankruptcy may right for you depending on your situation. The firm can help you make an informed decision regarding bankruptcy and other possible debt relief options. They will also ensure that your rights are safeguarded if your ex-spouse intends to file a bankruptcy petition.
Contact a Pasadena divorce lawyer for legal advice regarding bankruptcy and divorce.
Read what our past clients have to say about us
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I used Ms. Graves services for my divorce last year and I found her and her staff to be very efficient. Sometimes when I was worried about something she would calm me down and say that everything was going to be OK. She was right every time. I would recommend her to anyone. She is a very good lawyer! Sabrina, her assistant, is great at responding quickly when you have a question. Thank you both for your services! - Sandra Castaneda- Sandra Castaneda
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I was going through a difficult time financially and was unsure about filing bankruptcy partly because of the complexity of it and mainly because of the social ramifications of doing so. Working with both Sabrina and Demetria was great! When there was something I didn't understand (even if they had to repeat themselves on numerous occasions), I was always treated with both respect and patience as they explained what it was I didn't grasp. I was even encouraged to meet Demetria so as to sit down and answer any final questions before she filed my paperwork. Even after the BK was discharged, they encouraged me to call if I had any more questions - which I did. They are a class-act to follow. I highly recommend anyone, who is contemplating filing a bankruptcy, to give their office a call and consult with Demetria so as to explore your options. It will be one of the most important phone calls in your financial life! - LS- LS
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I went to the Law office of Demetria Graves to discuss a unique and somewhat embarrassing situation regarding child support. Ms Graves sat down with me and took the time to fully understand my problem. Demetria handled my case in a completely professional manner and helped me get through this very unforeseen case. - Anonymous- Anonymous
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When I came to see Demetria for the first time, I was confused and scared. However, Demetria has always been honest and straightforward about what I should expect. Her composed and serene demeanor inspires comfort and confidence. She is always responsive to my needs and resolved my questions and concerns very quickly - and there are many! She truly has been a breath of sanity in a sea of Chaos. - Eliot Trainer- Eliot Trainer
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I would like to take this opportunity to thank Demetria for the excellent work I received from her firm. When I first came to her office with my child custody case, I was distraught and afraid of what was to come in the months ahead. She was considerate and compassionate and best of all she gave me hope, which I had not received from any other attorney. I can not thank Demetria enough for the strength and guidance she provided me. I was very pleased with the results of my case, and highly recommend her firm. - Aurora- Aurora
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I chose Attorney Demetria Graves for my divorce attorney based on what she said that she would try to accomplish for me. Well, all I can say is that she definitely delivered, and I am - once again- in control of my life. Thanks Demetria! - Ton Nelson- Ton Nelson
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I cannot express enough my gratitude for the efforts made to my case. Demetria was truly attentive, patient and essentially was able to close my case with ease. I am very appreciative of her efforts and will most definitely call her should I need her services again. - John Williams- John Williams
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I would like to thank the law office of Demetria Graves. You never know what life can throw at you, and contacting an attorney can be a sensitive time. When I first contacted the office, I was greeted by the staff with warmth and professionalism, and compassion. I appreciated this very much. In the event should I need legal services again, I will contact her office. Once again, thank you for the services regarding my case. - Amy Roberts- Amy Roberts
