Quote:
Originally posted by Spliffdaddy:
Prenups are worthless if your wife drains your bank accounts and charges $28,000 on credit cards before you get divorced. You hafta remember that you're still married and liable for all debts as long as you're married.
My advice is to NOT get married if money is more important than your future wife.
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Quote:
Originally posted by DigitalEl:
Don't believe everything your lawyer tells you... Unless yours is a lot better than mine. Creditors don't give a sh!t what's in your divorce decree. If it's joint debt, with both your names on it, you both are still responsible for it... Or at least that's the rude awakening I received after my divorce in Colorado. I'm sure I could've hired another lawyer and battled it out, but it was easier just to pay the amount in question and make the whole thing go away.
Married again now... No prenup.
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Yes, with both your names on it. That was where you went wrong. Not your lawyer.
Creditors can come after you because of her actions. If she has her name on your car, your business, and your home they can seek to acquire what is owed to them by going after those assets. If you bought that home, car, and own that business separate with funds designated outside the marital assets and your prenuptial took that into account then things would have gone better for you.
Your liability for her credit card debt can by limited by a prenuptial and stop her from spending your money or stop creditors from considering you attached to it. So yes, yours sucked and more specifically you did not address the issue before hand. If you did not specify that this was one of the things you wanted your prenuptial to do then it is your fault. Therefore that debt is considered community debt and you are SOL. A good prenup would have specified the details of the division of marital debt once you separate. Your divorce attorney sucks too. You could have made a claim that the debt she racked up should be considered a wasted asset and had the settlement offset to make up for it.
Arizona is a community property state that considers all assets and obligations accumulated while married to have equal ownership as well. If I were you I would go talk to someone to see what a post-nuptial agreement could do for you.
Money is always an issue so long as it gets you food, shelter, and a better life. Your advice Spiff is stupid.
http://forums.macnn.com/showthread....245#post2079153
I bet that a she wishes she had one now, and she isn't a billionaire.