What You Need To Know About Marital Debt

When you first get married, it seems like common sense to share everything - from financial responsibility to frivolous spending on hobbies and interests. This can all seem very exciting at the beginning; and having to consider another person when making important decisions can sometimes make things easier. What most people don't consider is the fact that you will be responsible for the shared debt even if you get a divorce. Read below for more...

If your ex is ordered to pay debts X, Y and Z and fails to do so, a creditor will come after you if your name is also on the loan agreement. That is the most important thing you need to know when it comes to dividing debt during the divorce process.

— Read More At Huffington Post Divorce