In today's tough economy, it's no surprise that divorcing couples often have extreme debt matters to handle as well. This can include extensive credit card debt, mortgages, student loans and car payments. In most cases, if you have a great deal of debt, it is in your best interests to file bankruptcy — either individually or as a couple — before proceeding with a divorce. An experienced divorce lawyer can advise you of your best options.
I am Brighton attorney Kathryn Tolison. Through my firm, Tolison & Williams, Attorneys at Law, LLC, I represent clients in a wide range of divorce matters. In situations of extreme debt, I can fully analyze the financial information of divorcing couples to determine if bankruptcy may be an option for you. If it is, we can work with your bankruptcy attorney to complete the process, advising on the implications the bankruptcy may have on your divorce.
When considering both a divorce and bankruptcy in Colorado, it is important to be aware of your rights. Through bankruptcy, you can have much of your marital debt wiped clean — allowing for a fresh start for both parties after the divorce. Filing for bankruptcy also will put an automatic stay on the divorce process, as well as freezing any foreclosures, repossessions, garnishments or other legal action against you.
The first step is to meet with me to discuss your situation, address your questions and concerns, and understand your options. I am able to meet at a time and place that are most convenient for you.