Burnsville Divorce with Foreclosure & Bankruptcy Firm

Contact Our Team at Meinerts Law Today

Divorcing couples are faced with numerous options and obligations regarding finances, property division, and children. However, when couples are facing foreclosure on the family home or are in the process of filing for bankruptcy, the number of issues that must be addressed increases significantly.

If you are proceeding with a divorce where bankruptcy or a foreclosure is a factor, we invite you to contact our offices today. We're ready to hear your story.

Financial Matters in Your Divorce

The current economic environment has presented numerous financial challenges for individuals and families. Many have experienced job loss or unexpected medical expenses and have resorted to paying for daily expenses with credit cards or with home equity lines of credit (HELOC). However, going into debt to pay other debts rarely solves the problem; it just compounds it.

When couples are considering divorce, financial difficulty and debt can also compound relationship problems. When foreclosure of the family’s home is in progress and a couple is living separately, issues such as how to handle finances in the interim and how to deal with potential lingering mortgage liability after foreclosure complicate the situation.

If a couple is considering filing for bankruptcy and filing for divorce, it is essential to consider the timing. Filing jointly for bankruptcy may have its advantages, including cost savings in fees, but it must be filed prior to filing for divorce. However, either party must be agreeable to the bankruptcy or an individual must legally insulate himself or herself if the spouse moves forward with filing for personal bankruptcy.

Teamwork Protects Your Interests

At the Meinerts Law, we understand the role financial concerns play in relationships. Though we do not handle bankruptcy filings, we do work with a network of professionals in the financial and real estate fields. From obtaining credit counseling to pursuing short sale or mortgage modifications to filing for bankruptcy, we can assist you in connecting with the appropriate professionals as part of your divorce case.

Working as a team with you and with industry professionals, our lawyers can build a timeline for your divorce and potential bankruptcy that is most beneficial to you and to any children from the relationship. Further, Meinerts Law can assist you in pursuing a divorce in the manner that best considers your interests and future, including mediation, collaboration or, if necessary, standard litigation.

Represent. Resolve. Restore. Call Meinerts Law at (952) 777-8886 in Dakota County.