Although celebrity divorces are the focus of the media — Tom Cruise and Katie Holmes, Dennis and Michelle Rodman, Heidi Klum and Seal — for many people the concern is not how many thousands they pay each month in spousal and child support, but how their many thousands of dollars in debt are allocated.
Even if you have the best-drafted divorce settlement agreement in the world, your creditors are not be the least bit interested in it. Creditors are not legally bound by divorce decrees. It is your responsibility to protect yourself if your spouse does not comply with a court order to pay creditors.
These are some things you can do to prevent divorce from damaging your credit:
For 28 years, I have worked diligently to help people start new lives with minimal financial entanglements. Contact my office today for a consultation.
As a Buffalo divorce lawyer for 28 years, I have devoted myself to solving the problems that affect families throughout the Buffalo metropolitan area and Western New York. As a family law attorney, I make it my goal to create a partnership of trust with my clients. People put their trust in me to handle cases that can potentially have a long-lasting impact on not only their lives, but the lives of their family as well.
Alexandra M. Rockwood is a Senior Associate Attorney with the Law Offices of Randy S. Margulis & Associates and has been with the firm since early 2020. She primarily practices in the areas of matrimonial and family law, including divorce, child custody, and child support. Alexandra is a practicing matrimonial and family law attorney as…