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Why is Asset Protection So Important in a Divorce?
Like many states, Arizona is a community property divorce state. In a community property state, divorcing spouses must equitably divide all marital property in a manner that’s fair if not strictly 50/50. The way the spouses or the judge divides the entirety of the couple’s property depends on when and how they acquired each…
Divorce & Bankruptcy in Arizona
How Bankruptcy Affects Divorce in Arizona Is it better to declare bankruptcy before or after divorce in Arizona? Well, that depends. Declaring bankruptcy will impact divorce proceedings, primarily the property settlement. And the property division in divorce will directly affect the former spouse’s bankruptcy estate. Most people file bankruptcy because debt collectors are hounding…