Property Division in Bankruptcy

Impact of Divorce and Enforcement on Property Division in Bankruptcy

Call: 888-297-6203 Divorce is a very common occurrence in Jacksonville, Florida. The Daily Beast has ranked Jacksonville as the ninth highest city of the United States in terms of rate of divorces. Most of these divorced couples have a joint-liability on home mortgages. Since 46% of mortgaged homes are underwater, many people are unable to make refinance or settle the mortgage payments. In such circumstances, bankruptcy is the only option for these people. In order to remove personal liability from unpayable mortgage notes, the debtors are often left with the option of bankruptcy and refinancing. Filing for bankruptcy [...]