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Handling Debt During a Divorce

Your marriage has ended, and now you are waiting for the final dispensation. Although you no longer have a spouse, you have financial responsibilities. Whether or not you have joint accounts, the credit card and household bills continue arriving. You could find yourself sinking under the weight of your debt load unless you are careful. A Tampa divorce lawyer can offer you advice and guidance about managing your debt during your divorce.

It may be obvious, but you should avoid taking on new debt while your divorce works its way through the court. Even if the judge orders your spouse to pay you alimony, it may not begin immediately. You should not depend on financial support to help cover the cost of any outstanding bills until that money is in your hands.

If you cannot pay your existing bills, do not let the problem go unanswered. The last thing you need is for your creditors to turn your accounts over to a collection agency. Instead, consult with a Tampa divorce lawyer to see if they can advocate for you with your creditors. A lawyer may be able to negotiate reasonable payments that you can handle without creating financial hardship.