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Bankruptcy and Divorce: How Debt Division Gets Impacted
Episode Summary
In this episode of Bankruptcy Through the Looking Glass, host Katie Roberts sits down with Barry Levine to explore how bankruptcy and divorce intersect. They discuss how filing for bankruptcy before or during a divorce affects debt division, what happens when one spouse files while the other does not, and common misconceptions couples have about shared debt. Barry also shares some fascinating real-life cases, practical advice for navigating bankruptcy in a divorce, and a bit of Yiddish wisdom along the way.
Timestamps
00:00 – Welcome to Bankruptcy Through the Looking Glass
00:05 – Introduction: Divorce and debt division
00:45 – How bankruptcy impacts asset and debt division in a divorce
02:14 – What happens when one spouse files for bankruptcy but the other does not?
05:22 – A real-life case of financial downfall and dueling Chapter 13 filings
07:33 – Working with divorce attorneys during bankruptcy cases
10:14 – Can bankruptcy reduce or eliminate debt after divorce?
12:30 – Special considerations for high-asset couples filing for bankruptcy
13:01 – Common misconceptions about bankruptcy and divorce
14:12 – Barry’s Yiddish lesson: Learning "dreck" and "schmutz"
15:32 – Closing thoughts and how to connect with Barry Levine
About the Show
Bankruptcy Through the Looking Glass offers expert insights into bankruptcy law with a mix of real-life stories, legal expertise, and engaging discussions. Hosted by Katie Roberts and featuring experienced attorney Barry Levine, the show helps listeners navigate the complexities of financial distress with clarity and a touch of humor.
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By bankruptcythroughthelookingglassEpisode Summary
In this episode of Bankruptcy Through the Looking Glass, host Katie Roberts sits down with Barry Levine to explore how bankruptcy and divorce intersect. They discuss how filing for bankruptcy before or during a divorce affects debt division, what happens when one spouse files while the other does not, and common misconceptions couples have about shared debt. Barry also shares some fascinating real-life cases, practical advice for navigating bankruptcy in a divorce, and a bit of Yiddish wisdom along the way.
Timestamps
00:00 – Welcome to Bankruptcy Through the Looking Glass
00:05 – Introduction: Divorce and debt division
00:45 – How bankruptcy impacts asset and debt division in a divorce
02:14 – What happens when one spouse files for bankruptcy but the other does not?
05:22 – A real-life case of financial downfall and dueling Chapter 13 filings
07:33 – Working with divorce attorneys during bankruptcy cases
10:14 – Can bankruptcy reduce or eliminate debt after divorce?
12:30 – Special considerations for high-asset couples filing for bankruptcy
13:01 – Common misconceptions about bankruptcy and divorce
14:12 – Barry’s Yiddish lesson: Learning "dreck" and "schmutz"
15:32 – Closing thoughts and how to connect with Barry Levine
About the Show
Bankruptcy Through the Looking Glass offers expert insights into bankruptcy law with a mix of real-life stories, legal expertise, and engaging discussions. Hosted by Katie Roberts and featuring experienced attorney Barry Levine, the show helps listeners navigate the complexities of financial distress with clarity and a touch of humor.