It can be very stressful and emotional when an individual considers the dissolution of his or her marriage. If you are thinking about filing for a divorce, make sure you are prepared to do so. In order to avoid some common pitfalls associated with divorce, consider the following before doing anything: · Make sure you… Continue reading →
Posts Tagged ‘debt’
Joint debt
Your final divorce agreement says your spouse is responsible for paying the credit card debt. What happens if he or she doesn’t? Even though there is a court order for your spouse to pay off certain debt, the account will remain in both of your names until there is a zero balance. A joint account… Continue reading →
Separating martial debt
In today’s economy, many couples owe astounding amounts of money for homes, cars and credit card purchases. When you’re in a relationship, it is easier to pay the debt, but what happens when the marriage ends up in divorce – who is responsible? When a couple files for divorce, they first think about their assets;… Continue reading →
Legal separation
A legal separation is granted in the form of a court order and allows the couple to be separated while remaining legally married. It is not designed to give couples a time-out if they are having marital problems. While separated, the court has the power to decide on any issues related to the couple’s marriage,… Continue reading →
How divorce affects your credit
Going through a divorce can affect your credit later on, especially if you and your spouse have debt that needs to be paid. Making your credit report apart of the divorce process is important – it can affect you if you want to purchase a home or automobile on your own. If your former spouse… Continue reading →
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