The New Bankruptcy Law and Its Impact on DivorceAs anyone who has been married knows, financial difficulties put a lot a stress on a marriage and are often the catalyst for a divorce. For that reason, I've turned to a colleague, T. J. (Tim) Mullin, a highly regarded attorney who specializes in representing individuals wishing to file for bankruptcy.Not surprisingly, Tim speaks enthusiastically about the benefits of bankruptcy.
As Tim sees it, going bankrupt relieves the financial stress and could save your marriage, or at least straighten out your financial house so everyone has a clean slate after the divorce. As Tim proclaims, why put your marriage under such pressure when bankruptcy "can shift the debt burden back on the banks and credit card companies who are in a much better position to handle it"?
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