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Wednesday, August 20, 2008

3 Ways To Deal With Debt Before Divorce



What do you do when the one you said "I do" to says "I don't" - anymore?

1. Take the person seriously and be prepaired. Get all of your bills organized. If you are a co-signer on any loan or line of credit, discuss how that will be taken care of. You may have to argue about your debt, but it's best to get it out and in the open before you find yourself responding to a Petition for dissolution of marriage in court.

2. Demand that all communication be in writing. Divorce, despite good intentions usually ends up being emotional and mental tourture. Speaking on the phone or in person with your ex is not recommended. Please get all divorce communication in writing?


3. Don't try to be the nice person regarding money. If you're spouse or partner wants to leave you (or suggest as that they might) or you are concerned about them leaving - don't lend them any money. Don't co-sign for a loan and don't sign anymore leases with them. This person has already indicated their intent to desert you. Don't give your ex anything.
The sad fact is that once a person decides on a divorce, you are on your own and you have to start acting like it.



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