My husband and I filed bankruptcy, are now going to be foreclosed on and may divorce, any good scenarios?

I just want to know the best way to handle all of this and come out in the end ahead. We will be starting from having nothing but a job and kids and a place to rent.My husband and I filed bankruptcy, are now going to be foreclosed on and may divorce, any good scenarios?
I know finances are one of the three main statistical reasons for divorce, but don't allow it. Your not a statistic, you are a human being that deserves to fight for your family.





Invest your time and money into a financial adviser because its worth the transition from lack to abundance in the long term for your children's future. They will learn from your examples.





Invest in self help books like Suzie Ortman and others to frugally create a financial infrastructure around your family.





Don't give up.





Just think of it as a journey and time will heal all wounds from past mistakes. .





Celebrate! Think of love. Think of quality time with your family.





I believe you can have a great out come. I starred your question as I'm looking forward to seeing other good answers for your question.My husband and I filed bankruptcy, are now going to be foreclosed on and may divorce, any good scenarios?
Nope. You have obviously hit rock bottom and will have to climb out with hard work.
Start thanking God for what you have instead of what you are losing...you have your husband, you children and a home... don't take this for granted..... you are losing material things... if you file bankruptcy ... you shouldn't have no debt.... start a saving account for emergencies and go on a very strict budget..... the bankruptcy and forecloser is just a sign that you can't handle your old finances... this is a new start for you guys to turn it around ... in seven years you will be able to get another home...Good Luck!!!!
The best thing I can suggest is to embrace yourself for the blow on the foreclosure.





If you want to re-build your credit, start with secured credit cards
Financial problems are no reason to end a relationship. Use the relationship to adjust and begin again.





If you still care for your spouse rise above the problems. If you would like to get rid of him, use this opportunity.





Most importantly, you have a nucleus with which to rebuild; you already have a place to move into. The mortgage amount, if you purchased in the last five years is excessive anyway.





In the old days, a home was a very good investment. Since so many laws have passed that favor big money and banks, owning a home and mortgage is no longer the automatic way to invest.





Renting for the next year may, in fact, be a really good idea.





Like Laura says, adjust, overcome and improvise, use the strength of your income and experience to begin again.





It's America after all and politicians haven't succeeded in completely messing up our country, although they have made a pretty good effort to do so.





Overcome and survive!





Good luck, you can do it; it's done all the time these days. You have lots of company.





Have a good holiday season because that's up to you!
The most important thing in this situation is STAYING TOGETHER!!! I know that marriage is tough when times are tough, but work things out between each other and everything else will work. Who cares about worldly possesions right? You made a promise to your husband and God on your wedding day ';for better or for worse, for richer or poorer...'; right? Pray together! I will say a quick prayer for you.
The best scenario I can present to you is the fact that you have a job and a place to rent. Begin the rebuilding phase, set up automatic savings through work (into a savings account and 401(k) plan), and keep your spending under control. Obviously, applying for credit cards is out since you will not be approved so take advantage of that and buy things when you have saved enough money. Even after you have rebuilt your credit and can get approved for a credit card, stick to this mentality and you will not be in the same predicament.





Good luck!





Ron, ChFC
There are already very good answers especially for the practical aspects and that you take a positive attitude. See clear that your situation is a challenge and what you decide now will have a strong impact on the future of all of you. You came together for a good reason and if this reason still exist, then continue and don't let material aspects spoil it.


Try to relax and find the inner trust that you are guided. Listen to yourself and do what feels right.


Bomoon
this is the things family that tests family's loss of money hang in there for each other sometimes the worst of times brings you close together just keeping the hollering and the nagging and shouting to a minimum its a new start and it can work remember you are together
Did you file a chapter 7 or 13? If you are in agreement that neither of you want to keep the house, let it go, get the discharge, and then get the divorce finalized based on how things are post-discharge. Speak with your bankruptcy and divorce attorneys.
The best scenario is you are getting rid of the husband!!