One spouse finishes medical school with $180,000 in student loans. The other worked full-time during the marriage, covering rent and groceries while the loan checks paid tuition. Five years later, they divorce. The question the court faces is not who signed the loan — it is when the debt was...
Continue reading...Divorce Debt
Are You Responsible for Your Spouse’s Debt After Divorce
A divorce decree can assign every dollar of debt to your ex-spouse — and a creditor can still come after you for the full balance. That gap between what a family court orders and what a lender enforces is the single most misunderstood financial risk in divorce. Whether you are...
Continue reading...How Is Debt Divided in a Divorce? Who Pays What
Courts do not base debt division solely on whose name appears on the account. When a debt is incurred during the marriage, the court classifies it as marital — and both spouses may share responsibility regardless of who signed the application. Under Fla. Stat. § 61.075(8), all liabilities acquired by...
Continue reading...Alimony and Bankruptcy: Can Spousal Support Be Discharged?
Bankruptcy clears credit card debt, medical bills, and most personal loans. Alimony is not on that list — and the reason is federal law, not judicial discretion. Under the Bankruptcy Code, spousal support qualifies as a domestic support obligation, and domestic support obligations survive every form of consumer bankruptcy in...
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