Debt in Divorce

Divorce decrees may obligate one spouse to pay the debt but both are still responsible for it. The creditor can still go after the “innocent” spouse. That spouse still has to pay. The divorce decree just gives the “innocent” spouse lift to sue the other spouse. Moreover, the credit report of both spouses still gets hammered.

Dave counsels people to refinance debts in the individual’s name before the divorce gets finalized. Divorce attorneys ought to make that part of the divorce process.