DIVISION OF DEBTS (BILLS)
While you and your spouse were married, you probably had
joint credit cards, loans, etc. Someone has to continue to pay for these bills.
Again, if you and your spouse cannot agree on who should pay what, the Judge
will have to decide.
One important thing to remember is that your Divorce
Decree only affects your relationship with your spouse, not with your
creditors. As far as the creditors are concerned, you and your spouse both owe
them. Your Divorce Decree does not take your name off the bill. If the Decree
says your spouse should pay a bill, and your spouse does not pay, the creditors
will want you to pay. If you do not, they may try to repossess whatever you named
as security (collateral) on the loan. They also can sue you for the balance due
on the loan.
No comments:
Post a Comment