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Whether you live in a community property or a common law state determines how marital debt is split after divorce. ... both may be responsible for paying it off, depending on state laws and how ...
If you obtained a joint mortgage with your ex, you’re both responsible for the debt, even after divorce. ... You’ll first use the money to pay off the mortgage. If your remaining balance is ...
Paying off student loans is, of course, a huge problem. ... About 14,000 borrowers were still responsible for spousal debt even after divorce as a result of joint loan consolidation, ...
If Jane’s husband incurred any debts before the marriage or after a legal separation (such as divorce), Jane would be off the hook because, as Orman pointed out, “they are considered his debts ...
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In fact, the average consumer debt grew 4.3% between the second quarters of 2023 and 2024, according to the Federal... 5 Things To Avoid When Paying Off Debt, According to Rachel Cruze Skip to ...
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