No. of Recommendations: 5
Generally, the best way to deal with community debt in a divorce is to pay it off, close the account and move forward. In my case I had to refinance the house to get my ex off of the mortgage. All credit cards were paid off and closed when we started our divorce and new credit cards were obtained as individuals.

It is the best way, but I don't see that as an option in this case.

With 67K in "her" name and he has an unknown but maxed credit in "his" name, paying off the debt is secondary to providing for the children. He is already having problems servicing his existing debt. There is no reason to believe he will be any more responsible after a divorce.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.