Bad Ideas for the Bankruptcy Bound: Keeping Your Filing From Your Spouse
Wednesday, January 20th, 2010In this special series, entitled “Bad Ideas for the Bankruptcy Bound,” we’ll introduce what to avoid when bankruptcy is your next, best step.
Love may move mountains,
but money can crumble the strongest marriage.
– Ron, Lieber, The New York Times
Everyone who’s married knows: money can be a primary cause of marital strife. As a result, in this especially difficult economic climate—full of job insecurity, rising mortgage costs, health care uncertainties and other mounting money woes—many debtors who have accumulated all kinds of debt without the knowledge of their spouse are sometimes tempted to file for bankruptcy “secretly” and avoid sharing the financial “bad news” with their spouse.…