Law Office of Allan E. Dunaway, PLC

Family court can lead to bankruptcy court

People can be so judgmental. Take bankruptcy, for instance. Many people suspect that those who file for bankruptcy are profligate in their spending habits and are living too lavish a lifestyle. That may be true of some people, especially with the presence of credit cards and easy credit. Companies may push their products on people, constantly underselling the risk of taking on too much debt.

As bankruptcy attorneys in Louisville, we see many clients from all different occupations, and while living beyond one's means is one way to wind up in a bankruptcy court, it is far from the only way. Life is full of unplanned events and even the most careful planning can be overwhelmed when too many bad things happen.

Divorce is a frequent trigger for bankruptcy. A wife, who had little experience handling money while married may find the sudden, constant stream of bills and new expenses on a limited income too much.

A husband with child support obligations may have underestimated how living on his own has sharply constrained his ready cash, and he may have been struggling to keep ahead of mounting credit card expenses.

A former spouse may have had more debt than you knew, and the property settlement was much smaller than you expected. Dealing with attempting to pay off a mortgage and refinance may have turned into a train wreck, taking your financial health with it.

A divorce can leave you with precarious finances; where a transmission on a car or truck failing or a leaking water heater can push you over the brink.

You may wish to consult with a bankruptcy attorney, in addition to your divorce attorney, if your finances are trending this direction in your divorce.

Source:, "Divorce, bankruptcy sometimes go hand-in-hand," Gene Turnwald, September 27, 2013

No Comments

Leave a comment
Comment Information
Contact the Firm

Get Sound Advice In A Free Consultation

For sound bankruptcy advice you can count on, from a skilled lawyer who truly cares about your future, contact the Louisville Law Office of Allan E. Dunaway, PLC. We have two convenient locations: Louisville, Kentucky, and Jeffersonville, Indiana. Our main office in Louisville is located off the beaten path so you won't have to deal with downtown traffic and can pull right up to our door and walk right in.

Call us at 502-785-1005, or send an email message. Our law firm welcomes the opportunity to serve you in any way we can.

If for some reason personal bankruptcy is not for you, if you do not qualify for the Chapter 7 approach via the "means test" and Chapter 13 reorganization is not the answer, Allan E. Dunaway works hard to inform you of other appropriate means of debt settlement that suits your unique needs.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Kentucky Office

Indiana Office

714 Lyndon Lane
Suite 4
Louisville, KY 40222

Phone: 502-785-1005
Fax: 502-412-2258
Louisville Law Office Map

530 East Court Avenue
Jeffersonville, IN 47130

Phone: 502-785-1005
Fax: 502-412-2258
Jeffersonville Law Office Map