RHODE ISLAND BANKRUPTCY ATTORNEY ON BANKRUPTCY AND DIVORCE

Divorce can be a financial calamity for both parties. Unless you are financially well off, it is often very difficult — if not impossible — to maintain the lifestyle you enjoyed prior to the divorce.

HOW IT HAPPENS

Instead of two incomes and one set of bills, both former spouses have to pay their own rent or mortgage, utilities, grocery bills, taxes, etc. If children are involved, the noncustodial parent has additional costs for child support and the costs of visitation. Paying for plane fare or transportation to see your children can put a strain on finances. Even taking the kids out to eat or to see a movie on your days with them adds up.

Rhode Island bankruptcy attorney John S. Simonian has been filing personal bankruptcy for clients for more than 30 years. It is a very common circumstance for individuals to seek out help a year or two after a divorce.

” Don’t let shame or fear keep you tied to unmanageable debt “

SOMETHING HAS TO GIVE

When expenses go up, but income stays the same, something has to give. Often, individuals turn to credit cards and pay day loans to get by. Some well-meaning parents try to put their children first, paying child support with credit cards. Within a few years, you can easily have $30,000 or more in debt and no way to get out from under it. Paying the minimum won’t make a dent in what you owe.

Your new financial reality can lead to car repossession, home foreclosure or eviction. It is not uncommon for people to move in with their parents or siblings after a divorce.

HELP IS AVAILABLE

If you are struggling with debt after a divorce, it makes sense to discuss your options with an experienced bankruptcy lawyer. Attorney John S. Simonian helps people just like you get a fresh financial start after a divorce. He can:

You don’t have to struggle or lose sleep any longer.

Call John S. Simonian, Attorney at Law at 401-941-4800 or contact him online. He understands what you are going through and he knows how to help.

From offices in Pawtucket, bankruptcy attorney John Simonian represents clients throughout Rhode Island, including residents of Providence, Warwick, Cranston, Pawtucket, East Providence, Woonsocket, Central Falls, and West Warwick.