An Interview with Mr. Cris Shale relative to his thoughts Post-Bankruptcy/Divorce
Valuable Advice For Others Facing The Same Bankruptcy Dilemma Post-Divorce
Several years ago, I posted an article to the Ohio Family Law Blog about my son and one of my clients who had both elected to file a Bankruptcy proceeding following a divorce and following a marital residence being “upside down” with the total mortgage liability. In layman’s terms, the value of the marital residence, as appraised, was way below the mortgage indebtedness associated with the home. Cris, with a high child support obligation and other associated bills, could not afford to keep the mortgage current on his former marital residence. So, he sought counsel and filed a Chapter 7 Bankruptcy.
Before meeting with Cris, I sent to him several questions to stimulate our Bankruptcy discussion:
- Were there any negative outcomes or effects from taking the Bankruptcy?
- Were there any positive outcomes or effects from taking the Bankruptcy?
- What advice would you offer to others contemplating a Bankruptcy action?
- If you had the same set of facts today, would you again take the Bankruptcy?
- What steps have you taken to re-establish credit and improve your credit score?
Question 1: … Read More... “Bankruptcy In Post-Divorce: Hire An Attorney Before You File!”