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July 2015 Archives

Splitting debt during a Massachusetts divorce

A divorce can be an emotional time for anyone going through it. However, it is worthwhile to understand what happens to marital debt after the divorce is finalized. In some cases, each spouse may be responsible for an outstanding balance regardless of who is required to pay it. For example, if a couple had a joint credit card, the credit card company can ask either person listed as a cardholder for repayment.

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