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No. of Recommendations: 9
But he wants a mercedes. WHY? Our kids are in carseats. Not conducive to the family life. Some friend has one and he 'needs' one now. But his credit score keeps him from getting it. Along with the fact he won't pay his current note on time. So frustrating.

401K balance have some protection in bankruptcy. You need to face the reality that divorce and bankruptcy maybe the only way out of this mess, and start proper preparation now. Before taking any funds from your 401K, you need to talk to a lawyer that can advise you both on divorce and bankruptcy. You won't walk away without paying any of the debt, but doing both will provide you a clean start.
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