If you are getting married, you and your fiancé should be openly discussing your finances. If you or your future spouse has a significant amount of debt, it may be a good idea to consider a bankruptcy filing before your big wedding day.
As a starting point, you should each pull your credit report and review to determine it is correct. If one of you has a low credit score, you need to understand that rebuilding that credit score will take time. Even if you were able to pay all of the outstanding debt before you got married, it would not erase the low score and you would be out large sums of money.
Let us review your credit reports and discuss the best strategy for dealing with the debt. It may be smart for you to file a personal bankruptcy to eliminate the majority of the debt before you enter into marriage. If your (or your fiancé’s) credit is already bad, a bankruptcy filing will usually not have a huge impact on your credit score. Once you successfully complete the bankruptcy filing, you will have a fresh financial start and can immediately begin working to restore your credit. And, you can hopefully rely upon your spouse’s good credit until you are back on your feet again.
Finances play a significant role in married couples’ lives, so don’t walk down the aisle with the burden of debt weighing you down. Take action to get your financial situation under control as soon as possible! Let us help you obtain the debt relief you need before your big day!
At DeLadurantey Law Office, LLC, we help businesses and families find their way out of highly difficult financial situations. We provide the advice and guidance you need in obtaining debt relief through bankruptcy and debt negotiations. We can also assist you in student loan law and defending a foreclosure action. Contact us at 414-377-0518 to discuss how our Milwaukee bankruptcy attorneys can assist you. Like us on Facebook.