Colorado Springs Divorce FAQ

Common Questions about Divorce & Bankruptcy in Colorado

Financial problems are one of the most common stressors in marriage. In the divorce process, financial trouble can lead to bankruptcy. At the Law Office of Greg Quimby, P.C., we advise clients on a wide range of issues in the divorce process, including bankruptcy. On this page, you will find answers to common questions about divorce and bankruptcy in Colorado Springs.

Please call (719) 212-4227 for personalized advice from our attorneys during a free consultation. 

Deciding Between Bankruptcy or Divorce First in Colorado Springs

The answer to this question varies depending on the circumstances. In many situations, a joint bankruptcy before the divorce may be the most cost-effective option for both spouses.

Filing for bankruptcy before divorce may be the right option when:

• Both spouses plan to file for bankruptcy at some point
• The couple has few assets and not much property to be divided
• The parties can cooperate in the bankruptcy proceeding

Since each situation is unique, it is important to get the advice of an experienced attorney to help you make the right decision for your situation.

Joint Bankruptcy Options When Spouses Disagree in Colorado Springs

One spouse may file for bankruptcy and have debts discharged, but the creditor may pursue debt collection from the spouse that chose not to file for bankruptcy. The divorce court cannot order the spouse who filed bankruptcy to pay for the discharged debt. For this reason, it may make sense to file jointly.