People can find themselves in financial difficulty for any number of reasons: the loss of a job, the failure of a business, a serious illness or injury that leads to unmanageable medical costs, or divorce. And just as there are multiple ways to encounter money problems, there are also different considerations that must go into the decision about how to cope with them.
Everyone deals with difficult times in their lives. No age group, geographic area, or other demographic is exempt from financial difficulty.
Sometimes married couples find themselves in conflict over finances, which can ultimately lead to filing for a divorce. In such an eventuality, bankruptcy can be a mechanism to help each party deal with the money issues pertinent to divorce. Divorce and bankruptcy by themselves can be complicated processes; when they are combined, there are many more complications that can result.