Whether you are separated from or divorcing your spouse, or already divorced, what happens to your debts can get complicated. Below you can find answers to your questions about divorce and debt, including:
who is responsible for credit card debts
whether you should file for bankruptcy before or after divorce
My wife and I both have student loans. During one program, we consolidated the loans together with both names on the loan. Another government program allowed us to get a lower interest rate, which we applied for. The new loan appears to be in my name only, although it has both loans consolidated. Now my wife and I are getting a divorce. Will she still be liable for her portion of the loan?
My ex-husband incurred debt on a line of credit, originally issued in both of our names, after the divorce was final. He has since filed for bankruptcy, and the collection agency is looking to me to pay this debt. Am I liable?