Question: Dear Steve, I have a client who divorced. He received a letter from the IRS stating he owes taxes on $19000 of canceled debt. He didn’t receive a 1099-C. In the divorce he was required to pay 75% of debts, she 25%. The full debt was around $25000 for a car, held in both …
A divorce to-do list can contain dozens of tasks, from hiring a divorce lawyer to moving to finding a therapist. But making time to deal with credit card debt now may save you financial trouble down the road. The first thing to do when you’re splitting with a spouse is to stop adding to your …
It can come as no surprise the financial problems is a major cause of divorce. A marital split is an understandable outcome from substantial relationship pressure. CNBC is reporting 1 in 8 divorces are caused by student loan debt, “13 percent of divorcees blame student loans specifically for ending their relationship, the report found. Student …
Question: Dear Steve, I divorced recently and when I moved out I took a lot of the debt with me. He did not follow through with his end of the bargain. yes, I know I should of gotten a lawyer but its too late for that now. He let my daughters be repossessed while she …
Question: Dear Steve, My wife and I were divorced in 2014. The court ordered our house sold and my ex was responsible for the 1st mortgage payments and the HELOC. When the HELOC was taken out, she was the borrower, I was not. I had no access to the money and didn’t spend any of …
Question: Dear Steve, My father and mother divorced when I was 4 and he agreed in the divorce decree to pay for my college expenses. I have about $40,000 student loan debt from private Wells Fargo loans – 4 separate loans. He manipulated me to sign an agreement when I was under distress after he …
Question: Dear Steve, My ex husband died, suicide. We have been divorced 7 years. We had no outstanding credit card debt when divorced. There is an attorney handling his estate and I was contacted and told that there are 2 credit cards that still have my name on them and there is now a balance …
Question: Dear Steve, I have a couple of strikes against me. First strike is that I have an ex-husband who sticks me with medical bills and our 3 children’s extra curricular activities. All are under ages 15. The 2nd is that I am a poor money manager. Before I knew it I was over my …
Question: Dear Steve, Went through a divorce in 2013 and lost my job. I could not pay the house payments, 1st and 2nd, or my credit cards. I have since restructured my 1st mortgage and saved my home, but have not made a payment on the 2nd, or my credit cards for several months (18). …
Question: Dear Steve, Bankruptcy discharge February 2016. Separation from husband March 2016. Still in divorce proceedings. My student loan is in forbearance that will be ending soon. What if your bankruptcy was filed prior to July 2015 date mentioned in the article and now I’m going through a divorce with no chance of child support. …
