Divorce and Your Credit
A divorce is a killer of our personal life and financial life. Few people survive after filing the divorce and it not affecting their credit. Our credit is all about paying bills and when the divorce starts there is always less money because now there are two homes attorney,s fee. One spouse going crazy and charging up all the credit cards just because they want to hurt the other one. The needs increase of maybe daycare, new furniture, another car, and any other thousands of different things.
Once the dust settles and the judge has say who pays what. We start our lives over both personal and financial again, but the creditors do not have to go by what the judge has said. If the spouse that is to be paying a bill doesn’t then they can come to the other spouse. If a car is reposed the creditor can go after either one.
This is were the filing of the bankruptcy can allow you to discharge what debts the other spouse has so if in the future they don’t pay, the creditor can not come after you.
Please fill out our free evaluation form to determine if bankruptcy is right for you.
