The Startling Bankruptcy Threats My Husband Made

Divorcing spouses abuse bankruptcy and this is how they do it.

I love piggy banks. They’re one of my favorite childhood recollections. When I was little my dad would buy them for me. They’re one of the few memories of my absentee father.

Believe me, the irony is not lost on me. A father who bought me coin holders but financially abandoned me. And now a spouse who is heading in the same monetary direction.

You don’t forget the moment someone threatens you.

I’ve just initiated a divorce and I’m standing in my bedroom. My husband refuses to leave the house. He says it’s his house. I wanted a divorce so I am the one who needs to leave.

But he can because he’s hidden our money. I just don’t know that yet. I have been too trusting and naive during the fight to save our relationship. I have no idea the methods some people use to cheat their spouses.

Bankruptcy is a clean sweep.

It means I will be left with nothing.

How do divorcing spouses achieve this illegal financial abuse? How do people have assets but claim they don’t? How do they get away with filing for bankruptcy?

Cheaters learn to cheat the system. In divorce, financial abuse is especially common among the self-employed. Self-employed individuals can manipulate and lower their income. They can hide earnings from the business.

Financial abuse often begins while a marriage suffers. So listen up if your spouse is self-employed, controls the money, earns bonuses or other income that they have the ability to hide. This corrupt spouse has time to divest assets and hide proceeds while you are working on saving your relationship.

They ruin their credit because it makes being a ‘poor’ spouse more believable.

It also makes the need to declare bankruptcy believable.

How does an individual have money and declare bankruptcy? They hide their cash assets. As they siphon money out of the aforementioned places, they…

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