The division of debt during divorce proceedings can be very complex. Divorce lawyers hear about incidents where one spouse decided to go on a shopping spree on a mutual credit card when the couple called it quits. The best thing a person can do when a divorce is imminent is to be vigilant in checking the status of credit cards and finances. Don\u2019t let emotions take over you, only to find out months later that thousands more is owed to a creditor.<\/p>\n
During divorce proceedings, an individual can explain and show how credit card transactions did not benefit him or her. Placing a freeze on credit cards can be beneficial so that a vindictive spouse does not ruin your credit history. In general, the debt accumulated during the marriage will be divided just like the assets \u2013 down the middle. If debts can be traced back to one person\u2019s habits or interests, (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The division of debt during divorce proceedings can be very complex. Divorce lawyers hear about incidents where one spouse decided to go on a shopping spree on a mutual credit card when the couple called it quits. The best thing…<\/span><\/p>\n