Ask The Get Out of Debt Experts Divorce Relationships

Should I Consider Filing Bankruptcy After My Divorce?

Written by Steve Rhode


Dear Steve,

I just went through a terrible divorce and now have a terrible debt situation and I don’t know where to begin to get out from under this. My next step feels like its bankruptcy but Im not sure.

I own a fitness business and nothing else.

What should I begin to do to get my life in order?



Dear Billy,

You might want to look at some of my past articles about bankruptcy after divorce.

From my point of view, bankruptcy after divorce feels like the necessary second part of a painful situation.

When you file for divorce you are trying to separate your lives and get a fresh start from the relationship. But ironically a divorce does not legally separate your finances.

While you and your spouse may come to an agreement on how old debt and obligations are repaid, that agreement has no bearing or authority on the creditors. So the past debt is now what binds you together. Typically in stress and strife. Who needs more of that?

I’ve yet to meet anyone who wanted to get a partial divorce. They typically want to move ahead with their lives without any ties to the other person, other than maybe kids.

The other big issue following a divorce is what happens when a two income shared household suddenly becomes a one income divided household. You now need to create two lives on a portion of the previous pool of available money. The math just doesn’t add up.

My opinion is you might as well take this moment in your life to get a total fresh start and consider a bankruptcy to get yourself back on track.

I would suggest that before you leap to any conclusions, one way or the other, that you meet with a couple of local bankruptcy attorneys and talk to the about your specific situation.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

READ  I'm in the Process of a Divorce. He is Supposed to Pay My Credit Card Bill. - Becca

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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