I am seeing a divorce attorney in the morning. My husband (though a very good person) has not worked for the past several years and on and off for years prior. My income declined over the past 3 years leaving me in tremendous debt and with a huge IRS lien.
Our home is about to be foreclosed, we have 3 children and I can’t afford to pay for my husband to live somewhere else. It is so complicated and out total debt is huge. What can I do?
Typically what happens in these situations is that one partner, probably you, will go bankrupt, thus shifting all the debt, except the IRS debt, to the other partner.
It is not at all uncommon for divorce to lead to bankruptcy. Your situation is a classic example, without you paying the bills, your husband will not be able to pay them. If you don’t go bankrupt first, he will and dump all the debt on you. You’ll probably wind up going bankrupt anyway.
I’m sure the divorce attorney knows of a local bankruptcy attorney. Hell, they probably take each other to lunch since they work together so often.