If you are in the unhappy position of dealing with both financial woes and relationship troubles, you may be led to contemplate both a bankruptcy and divorce in the near future. If both of these major legal moves are in your plans, you might want to consider the order of these filings and how it could affect your finances. Read on to learn more.
Debts Before Divorce
When couples divorce, the debts must be divided or assigned, leading to some potentially contentious battles over who owes what and who is responsible.