Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who Pays the Debts Incurred During the Marriage?

debts incurred marriage pays
0
Posted

Who Pays the Debts Incurred During the Marriage?

0

A. This web site requires that the parties agree which of them should pay each of their joint debts. Even so, your agreement (and even the decree of the court) are binding only between you and your spouse. Creditors are not required to honor the apportionment of joint debts in the Decree of Divorce or agreement. Thus, if the spouse who is supposed to pay fails to do so, the creditors may seek payment from the other spouse. Then he or she has to try to collect the money from the one who was supposed to pay. Even so, you should write to each of the creditors and put them on notice as to your divorce and which party is now responsible for debt.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123