Dividing Debts
There are three parties involved in the division of debts in your divorce agreement: you, your spouse, and your creditor. While your divorce agreement is legally binding for you and your spouse, this isn’t true for your creditor. Here is what that means for the debt-division process. Source: shutterstock.com / Photo Contributor: David Pereiras Whose Debt Is It? In a lot of ways, dividing your debts works just like dividing your assets. However, it’s essential to keep track of [...]