Should You Tell Your New Spouse about Your Previous Bankruptcy?

Communication is everything in a relationship and being forward and honest is part of this. Many individuals that have declared bankruptcy before meeting their new spouse wrestle with the idea of whether or not they should reveal bankruptcy to their new partner.

There is always the risk that your new partner may have concerns about marrying someone that has gone bankrupt. Ideally what you want to do is explain the circumstances surrounding it so that your new spouse has a better understanding of just what took place. Under no circumstances should you feel embarrassed about this unless you were blatantly a heavy spender and didn’t care about whether you went bankrupt or not.

What you will probably have to do is assure your new partner that your spending habits are well under control and that your previous bankruptcy is a not going to have a direct effect on your new spouse.

If you are in a bad financial situation prior to getting married then you may want to consider bankruptcy and this is something you should talk to a qualified bankruptcy attorney about. You also need to discuss this with your new spouse prior to your marriage so that there are no secrets and you can get started off on the right foot.

There is no doubt that your spending or recently completed bankruptcy is going to have an effect on your married lifestyle but it is a better that your spouse is aware of this is so that you can jointly plan your financial future together.