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A loan or credit card debt acquired by one spouse before the wedding usually remains their sole responsibility, even after divorce. Similarly, debts incurred after the separation date but before ...
4. Other mortgage options after divorce. There are a few other mortgage options that may be worth considering amid a divorce. For instance, it is possible to keep the mortgage as-is, but this ...
About 14,000 borrowers were still responsible for spousal debt even after divorce as a result of joint loan consolidation, according to an NPR investigation. But last year, Congress passed the ...
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Stops payments and accrual of arrearages while a debtor is imprisoned and for a specified time after release for child support debt. [65] Michigan: Allows imprisonment of debtors for child support debt; Imprisons debtors as a penalty for failure to pay criminal justice debt. [4] Minnesota: Const art I § 12 [66]
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By the time Cherie Kerr and her ex-husband finally went their separate ways, her ex had run up $89,000 in debt during the divorce proceedings alone. She knew that if she didn't take action fast ...
The adviser does not have to be an insolvency practitioner, though often is. The adviser should inform the debtor of all the solutions available, commonly including dealing with priority debts first, re-mortgage, consolidating debts into a loan, debt management, bankruptcy, a Debt Relief Order, and IVA. The adviser should look at all the debtor ...
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