Wampler & Souder, LLC
Silver Spring:
240-833-2284
Frederick:
301-668-5111
Upper Marlboro:
301-736-5432

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Should spouses who are divorcing file for bankruptcy together?

No one anticipates that their marriage will result in a divorce, just as no one anticipates that their financial life will result in bankruptcy. Going through a divorce or declaring bankruptcy are stressful enough on their own, but what if both are happening at the same time? For some people, divorce and bankruptcy will go hand in hand.

5 common mistakes in high asset divorces

For divorcing couples with significant assets, division of property is one of the biggest hurdles they face. In Maryland, assets are distributed equally during a divorce. This means the court systems do not have to divide the assets between the spouses equally so long as the distribution is fair. Judges consider the length of the marriage, what each spouse contributed to the marriage and the economic circumstances of each spouse when dividing assets.

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Frederick Office
170 West Patrick Street
Frederick, Maryland 21701

Phone: 301-668-5111
Fax: 301-668-2770
Frederick Law Office Map

Silver Spring Office
12114B Heritage Park Circle
Silver Spring, Maryland 20906

Phone: 240-833-2284
Fax: 301-942-8296
Silver Spring Law Office Map

Upper Marlboro Office
14452 Old Mill Road
Suite #301
Upper Marlboro, Maryland 20772

Phone: 301-736-5432
Upper Marlboro Law Office Map