What is the best way to take care of debt taken on after a divorce?
395671
If you own a house or building with enough equity, you can refinance it to get cash to pay-off some or all of the outstanding debt depending on how much it is.  YOU NEED TO DO THIS QUICKLY before the debt takes a toll on your credit score.  The higher your credit score, the more equity you can use to pay off or pay down the debt. \n\nMany people wait too long to decide to address the problem. \nThe result is that by the time they decide to refinance, their credit has deteriorated to the point that they only qualify for 75% of their home's value instead of the 95% or 100% they could have received if they had decided earlier.\nIf the current mortgage takes up 60% or 70%, you can see that there is not much money left for paying on the debt.\n\nIf you have anymore questions, please contact me at wwi_2@yahoo.com and I will walk you through the possibilities.
176027
1. Pray\n\n2. cut out unnecessary expenses (you'd be surprised what you can cut out)\n\n3. concentrate on paying off one bill at a time.  Start with the smallest balance.  Once you pay that one off, you will feel better, and you can apply that money to the next bill.  \n\n4. talk to your creditors, some may have special programs for people in difficult situations.\n\n5. consider consolidation, but be careful.  This can lead to more debt if you don't reduce spending.\n\n6. Talk to reputable credit counsellors.  Beware of those who promise to work miracles with your debt and bills.  If it sounds to good to be true, it is probably a fraud.\n\n7. Don't pay a credit card with a credit card, that will only make things worse.  The only exception is to transfer a high interest rate balance to a low rate card.  Even then be careful.  It's easy to make it worse.
407065
Contact an attorney. Most lawyers will do a first time consultation free. Get there advise and then go to your divorce lawyer with this info so they don't drag there feet and charge you more. And see about making your ex pay the legal fees sense it's his bill.\n But a lot of time these people will go after the one there more than likely to get to pay. \n They have to send some form of proof or else they could just call any card holder up and say hey you owe da da da.\n And by all means save every piece of communication the more you have the better off you are.And if they take you to court show up. \n My son had a loan that had a 50.00 late fee tacked on after they gave him a paid off receipt. They came after me said I cosigned and he was out of state so they wanted me to pay.The day we went to court the lady told me they found the mistake I didn't cosign on the note and there was no balance.So I could go on home she would explain to the Judge. Wrong she didn't know that I had stayed and tried to tell the Judge nobody showed up. Well after I told my side and what she did. He said he could award her judgment. But he would advise me to file a wrongful suit and he would award me more than her court cost and the 50.00. So don't let them bully you into paying without prof.
118634
Emotionally -- all you can do is remind yourself that one day, it will all be behind you.  That's what I did.  i knew it was gonna suck to go through it, but i knew that there would come a time when I'd look back and breathe a sigh of relief.  That was almost 9 years ago!\n\nFinancial survival depends on circumstances.  I was employed full-time with an OK salary, and I told myself not to depend on child support, because I knew that I wouldn't get it often.  My ex and I were basically pretty broke, so there was no property to divvy up.\n\nI was also lucky that the second lawyer I consulted with was ethical.  He gave me some info (no charge) to help me process some of the paperwork myself regarding child support and visitation before I had decided to actually go ahead with a divorce.  So when that time came, I went back to him and he charged me much less than the first guy I consulted had wanted for a retainer.  So it's important to shop around for someone who fits your budget AND understands your personal values.  \n\nBe true to yourself and respect your soon-to-be ex, regardless of what tactics are used on their side of the case.  You have to maintain your dignity so you can sleep at night.  Good Luck!
139998
you need a lawyer. However in this country even if you change your name your still liable for the previous debt.\n\nGET A SOLICITOR!
131701
Yes . . . unless you divorced . . . and any shared debts that has occurred while married you will still have to pay off.
171382
If he is otherwise a good husband but just has problems with money, you can still fix this.  I would advise you to seek marriage counseling.  In the meantime, take control of all of the bills.  Contact a debt consolidator to help you pay off your bills quicker.  He may feel inadequite but help him to understand that some people just are not good with money.  \nI am in the same situation but I stopped it before it got out of hand.  My husband literally gets an allowance every week and when it's gone, it's gone.  I have taken over the bills and they are now getting paid on time.  We got both of our credit reports to see what all we needed to pay off and little by little it is disappearing.  \nIt took awhile to get in the hole that you are in so it will take ahwile to get out.  \nDefinately seek counseling to try to work things out.  Money shouldn't be the reason for divorce.
984508
pay off your debt first, then put the rest in a savings account such as HSBCdirect.com or in a money market account, you can find out the best rate at bankrate.com
337141
I say quit feeling sorry for your self,get off your butt and get a job.There are no guarantees in this life except Death and Taxes. Most men aren't better off financially after a divorce especially if they have to find,rent,buy a new place to live. they also have all the other expenses to pay for; gas,electric,garbage,phone,car payment now add on 25% of his pay to pay for his children from the same pay check as before. You just want to take advantage of the system and your ex-husband. Start a Day Care Center your self. If you work out of your home the state will have to check it out. To get State funds you have to provide a monthly menu and only have the amount of children allowed  based on square feet of your home you have.
544208
Ditch the vacation.  You got into financial trouble by living beyond your means.  Don't make things worse by taking a vacation with money that you can use to pay down your debt.\n\nIt doesn't matter whether you pay off the cards in your name first or the ones that are jointly in your names.  You are husband and wife.  You're both in this together.\n\nPay off the cards with the highest interest rate first.  This will give you some measure of relief.  Then with the money that would have gone to making the minimum payments on those cards, apply all that extra money to paying off the card with the next highest interest rate.  While you're doing all this, make sure that you keep up the minimum payments on all the other cards.\n\nKeep repeating the process until all the cards are paid off.  And don't use *any* of the credit cards until the last one is paid off.  You don't need to be paying any new interest costs while you're trying to eliminate the old ones.
242869
In a chapter 7, a trustee is appointed to take over your property.  Any property of value may be sold or turned to cash for the benefit of your creditors.  You may be able to keep some personal property and possibly real estate depending on the laws of the state where you live and applicable federal laws.\n\nThere are also 3 types of debt:  (1) secured debt; (2) unsecured priority debt; and (3) nonpriority unsecured debt.  Bankruptcy cannot get rid of secured debt, so the debtor must either pay the debt or give up the property used to secure the loan.  Unsecured priority debt consists of debts that are given priority over other types of debts.  If there is anything left after all the secured and priority unsecured creditors have been paid, then the general unsecured creditors might see a distribution.
213017
Stop eating out, or whatever you spend the most non-essential money on. Then take all the money that you would have spent, and put it toward fighting your debt.\n\nBe consistent. It should only take you 18 months, which is Small in comparison of 30 years. Think about it.
240668
1. Be completely divorced.\n\n2. Get married.
97793
The BEST legal way is...\n1.  To find a job you love.  Work is the only sure fire money making scheme.  And if you do what you love, you will make money becasue you will be good at it.\n2.  Stay out of debt.  Don't borrow any more money for any reason and pay off your current debt.\n3.  Have a 3-6 month emergency fund to keep from going into debt when things go wrong\n4.  After you are out of debt, and you have the emergency fund, invest 15% of you income in mutual funds.
405556
Take all your debt and put them in order from the smallest balance first to the biggest balance last. Add up all the minimum payments you need to make to find out your minimum monthly obligation. Figure out how much more you can pay every month and add that to your first account. Pay in this way until account one is clear then take the money you were paying for account one and apply to account 2 along with its monthly payment and so on and so on. This will get more accounts paid off faster while giving you a steady bill to work with. The more you pay extra the faster it goes so a second income might not be a bad idea. Good Luck !
1039072
My ex pulled stuff too. Your ex will probably get away with it. Just concentrate on the custody. People like your ex will find a way of getting out of paying and you don't want someone like him raising your child.
1076991
get a lawyer and begin divorce procedings.