6) What if there is not enough money to support
two households and pay the debts of a marriage?

 

Many times the parties to a dissolution must consider filing bankruptcy, either together or separately. The 2005 amendments to the Bankruptcy Code can impact your ability to get rid of debt that you agreed to pay in a dissolution proceeding. Timing is very important now. It may be that both parties would benefit from filing before a property settlement, divorce filing, or final judgment. If you are considering bankruptcy and divorce, you should get a consult as soon as possible.