Erik B. Jensen

24-7PressRelease

An important consideration for those contemplating divorce is the economic ramifications of that decision, particularly if the couple has a large amount of debt. Without taking the necessary steps to protect one’s interests, debt from a marriage — even a marriage that ended years ago — could come back to hurt both pocketbooks and credit scores.

Pennsylvania is an equitable distribution state, which means the courts will divide and distribute property from the marriage in a way they deem fair. This includes the division and distribution of any debt incurred during the marriage. If the spouses have significant joint debt, it may be in their best interests to take steps to decrease as much of the debt as possible prior to filing for divorce.

Source: http://www.24-7pressrelease.com/press-release/the-economic-impact-of-a-divorce-112060.php