How to Avoid Revenge Debt During Divorce

01 Apr How to Avoid Revenge Debt During Divorce

Tina Orem with Credit Card Guide wrote an article that provides Seven Steps to Avoid Revenge Debt During Divorce. I was fortunate enough to chat with Ms. Orem and be quoted in the article.

In Murfreesboro, Divorce is often contested. When one spouse decides to end a marriage, he or she will file for divorce in Rutherford County, but what happens to the marital money during the divorce?

Often, people find themselves in a situation where a divorce action has been filed but they are technically still married. This may lead to a problem that some call revenge debt.

Revenge debt, in the divorce world, is the term used to describe a situation where one spouse takes out debt in the other spouse’s name in retaliation for filing for divorce or for other behavior. Unfortunately, since the parties are still legally married, one spouse may be able to do that.

If you are contemplating divorce, or have filed for divorce, what are some practical steps you can take to prevent what some call revenge debt?

In short, the best advice can be boiled down to two points: be proactive and be preemptive. However, Ms. Orem interviewed several lawyers in the article, from all across the country, and put together the best advice and tips. Give it a read!

Several of these principles apply in Tennessee Divorce. However, every case is different. If you are facing divorce in Murfreesboro or Rutherford County and are worried about your spouse taking out revenge debt against you, give me a call and we can discuss your options and how you can protect yourself from revenge debt.