Protecting yourself from joint debt problems in divorce: Part II
On behalf of Stange Law Firm, PC posted in Divorce on Friday, August 8, 2014. In our last post, we began a discussion about the financial risks and pitfalls that can come with divorce. Most couples choose to jointly open bank accounts and credit card accounts as well as take out home and auto loans together. This makes sense when you are married and your incomes and assets are comingled. But when you decide to divorce, splitting up these financial obligations can be a headache. Moreover, most creditors do not care that you are getting a divorce. As long as both names and signatures are