Credit After Divorce

One of the biggest financial concerns for many people going through a divorce or separation is the way it will affect their credit. Your financial situation is an extremely important consideration throughout all divorce processes. The good news is that there are ways to limit the amount of damage a divorce will have on your credit score. Whatever debt you and...

Dividing the Business

When dividing a business as part of the financial settlement in a divorce,  care must be taken to understand the process for the decision making. Generally a family business is an asset and therefore a source of income for both parties. Patricia Barrett, a certified divorce financial analyst makes these suggestions: Determine if the business is community...

Is There Credit After Divorce?

Question I am thinking of divorce, and I don’t know what to do about my credit cards. Will I be able to get credit after I divorce, or will I have to start over? Answer If you are considering divorce, it is important to get your credit facilities firmly in place as soon as you can. Make sure that your bank cards and department store cards are in your own name,...

Dividing Debt in Divorce

Dividing Debt in Divorce

Question I know that California says that I get half of the property my husband and I have accumulated during our marriage. But what we have is mostly debts. What’s the best way to deal with them? Answer Unfortunately, its not unusual for couples these days to have more debts than assets. The general rule is that debts incurred during the marriage are the...