Blog Posts in April, 2016

Is There An Advantage to Filing for Bankruptcy During a Divorce?

By Don Schweitzer Contrary to popular belief, when a spouse files for bankruptcy during a divorce there really is no advantage. If anything, it prolongs the finalization of the divorce since there is a hold on the divorce until the bankruptcy proceedings have concluded. A recent appellate court decision* illustrates my point well. In this case, Ms. Walker, the wife, filed for Chapter 7 Bankruptcy ...

Divorce and Valuing a Family-Owned Business

By Don Schweitzer During a divorce , the division of community property is usually straightforward and only requires simple mathematics. However, when a couple owns and operates a family business together, the division of that business is more complicated since a typical case involves one spouse buying out the other’s interest. In most cases this requires a forensic accounting in which both ...