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Divorce And Debt

Am I responsible for my ex-husband’s or ex-wife’s debts?

debt and divorce

Whether you are responsible for your ex-husband’s or ex-wife’s debts depends on the circumstances surrounding the issue, your state law and perhaps most importantly, who signed the credit contract. For instance, if your name is still on the credit contract you are still responsible for the debt regardless of what the divorce decree states. It’s important to understand that a ...

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