When a Spouse Stops Paying the Bills
Divorce is usually not just an emotional challenge, but a financial one as well. When two people decide to split up, it means severing the economic ties that hold the marriage together. Indeed, this separation of assets and income is what consumes the lion’s share of the time spent on many divorces. In most marriages, there is one person who handles the bills, or at least takes the lead in handling the finances. In other marriages, couples might choose to keep finances separate. Still, even if keeping finances separate, there are no doubt large expenses that must be shared, such as a mortgage. So what happens when, during a divorce, one spouse simply stops making payments on certain bills that will affect the other spouse?…
