Question 1

Am I responsible for my spouse's debt?

Accepted Answer

It depends on your state and when the debt was incurred. In community property states, most debt acquired during marriage is shared. In equitable distribution states, courts consider who benefited from the debt.

Question 2

What happens to credit card debt in divorce?

Accepted Answer

The divorce decree assigns responsibility, but creditors aren't bound by it. If a joint account is in both names, the creditor can pursue either spouse regardless of the court order.

Question 3

Should I close joint accounts?

Accepted Answer

Generally, yes — or at least freeze them. Joint credit cards, lines of credit, and bank accounts should be separated as early as possible to prevent new joint obligations.