Money problems tend to impact every area of our lives so it is not a surprise that money problems are consistently listed as a major cause of divorce. Sometimes one spouse accumulates a huge amount of debt on a credit card and the parties simply cannot come up with a way to repay it. Other times medical circumstances of one spouse or a child overwhelm a couples finances and there is simply no way to make payment on the family medical debt.
All of us have our own threshold of tolerance of anything. That includes debt. So how much debt is enough and when it will be time to do something about it. Might I suggest that when you have a problem that is likely to get out of hand you should deal with it as soon as possible. At least… Continue reading When do you know it’s time to file bankruptcy?