Castle Blog

Debt Is One of the Biggest Causes of Marital Problems in Missouri and Illinois

The stress that debt can put on a marriage is overwhelming—and is the breaking point for many couples. Many couples that are in debt and do not find a solution end up in divorce. So, how can you avoid becoming part of the ever increasing divorce statistic? Bankruptcy can help get rid of the debt so you can focus on your relationship and not on an impending foreclosure, harassing creditor calls, or a possible repossession.

If a Missouri or Illinois Chapter 7 or Chapter 13 can’t save your marriage, it can still allow you to pre-plan the way your assets—and your debts—are divided. If you file for bankruptcy after a divorce, the debts that you carry from your divorce decree could be non-dischargeable; that means that you can’t get rid of them through bankruptcy. Filing bankruptcy before a divorce is final lets you handle your debts while they are still dischargeable. See my important article on the specific things to remember about filing bankruptcy before or during a divorce by clicking here.

If you are past the point of no return in your marriage, there are strategic reasons you’d want to do it first. Normally, I would recommend getting the most qualified and experienced bankruptcy attorney possible but, in this situation, it is MANDATORY that you find the best attorney in your area. Request a free copy of my Missouri and Illinois bankruptcy book to learn how to find the best attorney in your area.