How to make it through?
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|Tue, 03-09-2010 - 4:33pm|
I'm not sure which folder to put this in, so I decided on this one. My apologies if it should have been somewhere else.
My husband and I are getting divorced. During the last couple of years, any debt was in either his name or my name. We have very little co-debt (if that's a word). He has some credit cards and I am unsure of the status of these cards. I have a couple of cards and mine are in excellent standing right now. We didn't have a car loan together, but I now have one in my own name. The house is completely paid off - so no mortgage payments on it.
Our financial life is very separate and has been for quite awhile. We did file bankruptcy jointly back in 2003, but that is heading towards falling off our credit reports.
Will I be responsible for any of the debt he has in his own name? I don't want to get into the court system and find out I'm responsible for part of it since Michigan is a community property type state. Also, how do I protect the vehicle I just purchased from being included in the divorce? Michigan doesn't have a legal separation option available.
I am desperately trying to rebuild my credit right now and I want to do whatever I have to do to protect the small steps I've taken!
(BTW, I went from a score of 521 six months ago to a 610 now - it isn't much, but it's something!)