Divorce and financial difficulties often go hand in hand. This makes sense, because when two people who had previously been sharing at least some of the expenses associated with day to day living decide to part ways and establish separate households, each of them becomes responsible for paying for everything that they need. For this reason, some people file for bankruptcy after they get divorced.

Interestingly enough, there are also situations in which a couple that is considering divorce goes through bankruptcy together first. Couples who have chosen to proceed with bankruptcy before filing for divorce often have positive things to say about what happened as a result of their decision to do things in that order. In fact, some couples who had been considering both divorce and bankruptcy decide to stay together after going through bankruptcy as a married couple.

Financial problems can be a huge source of disagreement among spouses, and many couples cite an inability to see eye to eye on financial matters as a major reason for their divorces. When a couple files for bankruptcy while they are married, they get an opportunity to eliminate some of the stress of their financial problems and an opportunity to approach their financial matters as a team. Sometimes, the end result of such a team effort is a renewed interest in approaching other areas of life, including marriage and family life, as a team instead of filing for divorce.

Some couples are just as certain that they want to file for divorce after they go through a bankruptcy together as they were before they started bankruptcy proceedings. However, there are good reasons to file for bankruptcy while you are still married. For example, discharging even some of your debts through bankruptcy leaves fewer joint debts to be divvied up in the property settlement in your divorce. Also, some debts may not be dischargeable in a post-divorce bankruptcy so your only chance to discharge them is prior to filing for divorce. Another important thing to note is that bankruptcy exemptions may allow a married couple to exempt more property than the total amount of property that the spouses would be able to exempt individually after divorce.

If you and your spouse are considering both bankruptcy and divorce, a pre-divorce bankruptcy could enable each of you to be better off financially whether you eventually divorce or not. Going through a bankruptcy together helps some couples to work through issues that had been affecting both their marriages and their finances, with the end result being that they move forward together feeling stronger in both of those areas. If you are thinking about filing for bankruptcy, a Kansas City bankruptcy attorney can help you decide whether filing for bankruptcy is right for you. Kansas City Bankruptcy Lawyer Douglas Breyfogle has almost twenty years of experience with helping people just like you get out of debt. To learn more, schedule your free consultation with Mr. Breyfogle today, at (913) 742-8700.