It’s an old piece of wisdom that the love of money is the root of all evil, but the lack of money isn’t exactly a good thing either. It’s one of the leading reasons why couples divorce. However, financial problems are the kind of challenges that many couples meet successfully, so an acrimonious divorce may not be the best solution. In fact, plenty of the people who divorce have more money trouble after the divorce than prior to it. Bankruptcy may be a better alternative for many couples. In the Dallas-Fort Worth area, if you and your spouse are struggling with debts that are overwhelming and may never be paid, don’t talk to a divorce attorney first. Marriage counseling should always be the first option, and if the problems in your marriage are predominantly financial, discuss your situation and options at once with an experienced Dallas bankruptcy lawyer.
If one partner spends too much, there may be an underlying self-esteem or resentment problem, and it’s likely that a counselor can help. Other marriages don’t have that conflict because both spouses spend excessively – either on gifts to “prove” their love for one another or on “keeping up with the Joneses.” Candidly, couples in debt because they have champagne tastes and beer budgets may need to reassess their social and financial goals. Whether one partner or both spend too much, when the spending threatens the marriage, it’s time to get marriage counseling and it’s time to see a bankruptcy lawyer.
Divorce destroys more than a marriage. It can also wreck friendships, hurt children, and damage careers. Don’t let overspending destroy your marriage – there’s a better way. Bankruptcy may be the only realistic option for some couples; others may simply require good financial counseling and a bankruptcy lawyer’s services to help with debt negotiations. If your marriage is sinking and your debts are rising, speak to an experienced Dallas bankruptcy lawyer at once to learn more about bankruptcy and bankruptcy alternatives. Help is here now, but you must take the first step and make the call.