What should his response be regarding my financial concerns?

T

texaschic100

New member
I fear that I am heading down a bad road again with my husband. Six years ago we had to declare bankruptcy because of his poor management of a business and his personal spending. He has since started up another business and has been working at it for years. He makes about $150,000 per year but still never has any money. Now that we are at the point where we are nearly released from the bankruptcy, my husband has been crazily applying for credit cards again. Most of them are under the business name so he can buy material he needs for his customers at the various stores but I just found out that he applied for two that are also in my name. Warning bells are going off like crazy again just like they did when he opened that first business, but if I talk to him about my concerns and how these cards are going to be used, he will not like it and think I am over reacting. Also last week, a $200 payment to a subcontractor he hired bounced. If we go down another path of bankruptcy, the stress is absolutely going to kill me. I have considered a divorce, not just for finances but because he is really not that nice of a person at times and has a very bad temper. I wonder if you separate, is the wife still on the hook financially? Anyway, should I be concerned? What do you think of all this?
 
You should be very concerned. If you divorce, you are responsible for half of the debts. I would suggest two options:
1. Sue your husband while divorcing him. Reason being that he took out credit cards under your name under false pretenses.
2. Hold the relationship steady with your priority being to help pay off and cancel the credit cards until you have a debt you are more comfortable with. I say that because with your husband sinking your funds TWICE, you have to get out of the loop as soon as possible.
Good luck.
 
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