Dividing the Debt After Divorce
The best way to handle joint debt is to pay it off before the divorce is final. Sell off any joint property, or even agree to pay off more of the debt yourself in exchange for greater equity in your house or in his retirement plan.
The most important thing is to get it agreed upon legally, so as to avoid a confusing "you said you'd pay this and I'd pay that" scene that will end up causing pain both personally and on your credit reports.
The copyright of the article Dividing the Debt After Divorce in Investing is owned by Michelle Hogan. Permission to republish Dividing the Debt After Divorce in print or online must be granted by the author in writing.
Go To Page: 1 2
Articles in this Topic Discussions in this Topic
Latest Articles