Alcoholism and drug addiction affect people from all backgrounds in the Nashville area. Medical providers, social service agencies, law enforcement personnel and educators are always trying to find solutions to the many problems caused by substance abuse. But what if the problem hits really close to home, or it is in your home right now?
Being married to an alcoholic or drug addict can be very challenging, to put it mildly. In some cases, bankruptcy can help stabilize the financial situation and, when necessary, it can provide a financial buffer during or after a divorce.
Financial problems you may be experiencing
All kinds of financial problems can result from addiction. You may have suffered because of waste and mismanagement leading to credit problems and intractable debt that can put a person's career, home and family at risk. If you're considering bankruptcy to address debt that you simply can't get on top of, ask yourself these questions:
- Do I feel the need to financially separate from my alcoholic spouse?
- Are my kids at risk because of my spouse's drinking or drugging?
- Am I in danger of foreclosure or repossession of my vehicle?
- Was my spouse fired from a job because of drug or alcohol abuse?
- Is my spouse spending the family's money to "use"?
- Do we have multiple bills that we can't afford to pay each month?
Solutions that may be available
There is no easy fix for addiction, but help is available in many forms. People can recover.
If your debt situation is precarious, you may want to talk to an attorney about debt relief possibilities. One option may be a Chapter 7, Chapter 13 or Chapter 11 filing for yourself, you and your spouse (jointly), or your business. Most bankruptcy lawyers provide a free initial consultation.