 TITLE: How to Handle Bankruptcy and Divorce at the Same Time CONTENT: What Happens to Your Credit After Divorce?\n------------------------------------------\nWhether you pursue divorce or bankruptcy first, it's important to know going in that it may not be possible for either process to completely disentangle your finances from your soon-to-be ex-spouse's.\nFor example, Chapter 13 plans on marital debt may leave both parties legally responsible for repayments. There are also categories of debt that bankruptcy cannot discharge (student loans, for example), and if you or your spouse cosigned on such a loan, you may be equally responsible for seeing to it that those debts are paid, even after divorce and bankruptcy.\nBankruptcy has severe, long-lasting negative consequences for individuals' credit scores and eligibility for loans or credit cards. While divorce doesn't directly affect individuals' credit, the aftermath of divorce can lead to circumstances that bring down credit scores as well. Those situations—and the long road to recovery from the credit impact of bankruptcy—will only be complicated if either party withholds payments or otherwise uses joint debt to spite the other party.\nGetting through bankruptcy and divorce is never easy, but with a sound strategy and some good faith on the part of both spouses, it's possible to move on from them and start regaining a solid financial footing within a few years. END