All posts tagged bankrupt

Three Do’s and One Don’t To Help Your Divorcing Friend Deal With Debt

A woman looks through her bills

If your friend has been struggling with a decision to start a divorce, a large concern can be what do to about the debt from the marriage and the other spouse accumulating debt during these last months before filing. Your friend can be concerned that the spouse may be spending more than usual because they know that a divorce is inevitable.

Regardless of what debts your friend may be facing, help them try to get organized and gather information about their current financial situation. The biggest advice is not to panic. Many people think their spouse may be hoarding or taking money, when that is typically far from the case. Remind them to get the facts first before jumping to conclusions. Continue reading →