Big mess!

[Scott Joseph]

I live in Maryland. My business filed for bankruptcy in January 2018. I put all of our personal money into the business trying to save it without my spouse knowing. Was hoping it would get better but having a business in Baltimore City crushed me. I filed for personal bankruptcy at the end of May. All of this had lead to my wife and I heading to divorce. We really just have the house and a few small investments. We also have a 7 year old. Any suggestions on how to handle the situation?

 

[Zigner]

Your question, as posed, is way too broad in scope. Is there a particular aspect of the divorce process you have a question about?

 

[adjusterjack]

I put all of our personal money into the business trying to save it without my spouse knowing.

You might have committed "waste of a marital asset."

https://duckduckgo.com/?q=maryland+waste+of+marital+asset&t=h_&ia=web

In which case you might owe your wife a great deal of money for a long time to come and that is a debt that cannot be discharged in bankruptcy.

 

[Scott Joseph]

You might have committed "waste of a marital asset."

https://duckduckgo.com/?q=maryland+waste+of+marital+asset&t=h_&ia=web

In which case you might owe your wife a great deal of money for a long time to come and that is a debt that cannot be discharged in bankruptcy.

She did know that some money was being used to carry the business and we used some of her investments. She was not aware that my investments were also used.

 

[Scott Joseph]

Your question, as posed, is way too broad in scope. Is there a particular aspect of the divorce process you have a question about?
Looking for the easiest way to get this over with

 

[LdiJ]

She did know that some money was being used to carry the business and we used some of her investments. She was not aware that my investments were also used.

Like the other poster said...you may be paying her back for wasted marital assets for a long time to come.

 

[adjusterjack]

She did know that some money was being used to carry the business and we used some of her investments. She was not aware that my investments were also used.

A distinction without a difference.

 

[Zigner]

Again, your question is way too broad. It's kind of like asking "I want to buy a new vehicle, what is the best vehicle for my purposes?" It is too broad. Your best bet is to seek the assistance of an attorney because a web site is not going to walk you through the entire process.