There are many highly emotional issues associated with divorce that may become matters of contention, especially when the parties are unaware of the advantages of finding a compromise. From determining child custody to the division of marital assets, it is important to be able to recognize the consequences and effects that your decisions may have […]
Debt, Credit, Bankruptcy
What if we owe more than the value of our house that’s in foreclosure?
My spouse and I own a home that’s in foreclosure and we owe more money than the house is worth. We’re divorcing, and I’m wondering if I’m going to be responsible for 50% of the difference between what the house sells for and what we owe, or if that all goes away due to the foreclosure?
If I am still on a credit card that my ex is obligated to pay as instructed
“Georgia Mortgage and Divorce FAQs” “If I am still on a credit card that my ex is obligated to pay as instructed in the divorce decree, is this debt still counted against me when qualifying for a mortgage?” As long as the other party is obligated by court order via divorce decree or separation agreement […]
I Am Considering Bankruptcy. Should I File for Divorce First?
I Am Considering Bankruptcy. Should I File for Divorce First? When considering bankruptcy, you may be debating if you should file for divorce first. There are some initial decisions to consider by yourself and some more complicated issues that you may want to discuss with a qualified attorney. Before you are divorced, you and your […]
How is marital debt divided in New Jersey divorce cases?
Rosanne DeTorres, a family lawyer in Flemington, answers: Debts are not uncommon at a time of divorce. Often times this is what may instigate the problems that lead a couple down the road to separation. Debts are usually divided in a manner that approximates the parties’ respective earnings ability and ability to pay. However, we […]
I am overwhelmed with debt and bills from my divorce. What can I do?
Getting a handle on your bills may seem like just another item on your overwhelming “To Do” list, but this problem is one you can tackle one step at a time.
Podcast: Ed Portelli Gives a Financial Advice on How to Deal with Debt
Ed Portelli, a Debt and Credit Specialist in Canada, explains how to overcome the burden of dealing with credit card or other non-secured debt.
What Does It Mean When Your Name is on a Piece of Property or on a Debt?
Having your name on a joint-debt is something you should change, especially if it’s been agreed that your spouse will be the one to pay it off.
How do I deal with my debts while going through a divorce in Canada?
Divorce is a difficult enough financial time without having to add debt to the mix. Follow these 3 steps to keep your finances safe and in order.
Will Debt Be a Factor in Your Divorce?
Often people think that only low-income families have debt issues,; in fact, many high-income-earning couples accrue significant debt as well.
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