Tag Archive: bankruptcy

Understand the Effects of Bankruptcy on Finance, Marriage, and Health

Contrary to popular belief, bankruptcy is not evil. It is a form of legal protection mandated by federal law. With it, a debtor can avoid harassment from creditors and collection agency. They can also prevent garnishment wage (withholding wages) and repossession of assets such as a house or a car. Debtors also have some options […]

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Reasons People File for Bankruptcy before Divorce

Couple planning bankruptcy before divorce

Financial crisis often hurts intimate relationships. Separation typically follows most economic problems in a marriage. According to recent statistics, over 50% of bankruptcy filings have a connection to a divorce. When couples face debt and divorce, the decision on what to file for first has a significant impact. The best course of action, in this […]

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