Filing Bankruptcy During Divorce in New Jersey - Daniel Straffi, Jr.

From Straffi & Straffi Attorneys at Law – Filing Bankruptcy During Divorce in New Jersey explores how the difficult intersection of divorce and overwhelming debt can reshape both personal and financial futures. This episode unpacks the critical timing decisions couples face, the role of automatic stays in halting property division, and the far-reaching implications of choosing between Chapter 7 and Chapter 13 bankruptcy while navigating family court.

Listeners will learn how the automatic stay affects equitable distribution of marital assets and debts, while still allowing essential family law proceedings—such as alimony, child support, custody, and domestic violence protections—to move forward. With insights into how bankruptcy trustees and family courts interact in New Jersey, this discussion highlights why timing is everything when debt relief and divorce overlap.

The episode also explores key strategies couples can use, whether filing for bankruptcy before or after divorce, to minimize pitfalls such as joint debt traps, loss of exemptions, and unintended tax consequences. From fraudulent conveyance risks to the power of indemnification clauses, the conversation outlines how to avoid costly missteps that could jeopardize long-term financial stability.

Finally, the podcast sheds light on the guidance of New Jersey bankruptcy lawyer Daniel Straffi, Jr., whose two decades of experience in both bankruptcy and family law provide a practical roadmap through these complex legal challenges. Listeners will walk away with a clearer understanding of how careful planning and sound legal decisions can protect assets, discharge debt, and secure a more stable future when divorce and bankruptcy collide in New Jersey.

Straffi & Straffi Attorneys at Law

670 Commons Way, Toms River, NJ 08755, United States

(732) 341-3800

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