Debt in divorce

This episode explains that after a divorce, responsibility for debt depends on whether it was incurred individually or jointly during the marriage. Even if a divorce decree assigns debt to one spouse, creditors may still hold both parties liable for joint debts. To avoid complications, it’s important to close or refinance joint accounts and seek legal advice.This episode is based on an article on our Multi-State Divorce and Family Law Blog titled: Is Your Former Spouse’s Debt Your Responsibility? To learn more or to schedule a consultation with our Houston divorce attorneys, call 855-805-0595 or email [email protected] a supporter of this podcast: https://www.spreaker.com/podcast/family-law-talk--6410781/support.