There are many issues to consider when those who are deep in debt look into the bankruptcy process. First, it is crucial for people who are thinking about bankruptcy to review the different strategies that may be available and make sure that they find a solution that will work best for them. For example, some people are ineligible for Chapter 7 and turn to Chapter 13 instead. If you have determined that Chapter 7 is the most sensible route given your personal circumstances, you should do everything in your power to prepare for the process. This may include discussing the Chapter 7 process with your spouse or partner.

You and your partner may be impacted by bankruptcy in many ways. From a short-term perspective, the bankruptcy process can be difficult for various reasons, bringing financial strain and emotional stressors into your life. It is important for you and your partner to be on the same page and have a clear understanding of what to expect. Your partner may be able to help you through this potentially difficult process, and communication can also help clear up some of their uncertainty.

In some cases, someone may disagree with their partner’s decision to file for bankruptcy. Talking to a partner who is unsupportive of bankruptcy may help alleviate these concerns, which can lead to other problems (such as a divorce, in some cases). Moreover, filing for Chapter 7 is a major decision and it can affect an entire family in different ways. Clearing debt can be very helpful for a family’s financial future and these discussions could also help ease some of your partner’s concerns.