The process of uncovering debt in a divorce proceeding happens during the discovery phase. During this phase, both parties are required to submit a statement of net worth, which details both their assets and liabilities. These statements are submitted to each attorney, who then goes through the liabilities … See more After the discovery process, attorneys negotiate to determine who will be responsible for paying which debts during the divorce process (with the judge giving the final ruling on how debt will be split). Whatever is decided … See more Individuals who are worried about their finances taking a hard hit during an impending divorce can make moves to protect themselves. “You can do something to control … See more WebCREDIT PROFILE Two joint accounts. Both are still open, but both will be closed shortly (divorce). Discover IT - $21,000 limit, 2/2011 Visa Signature - $25,000 limit, 12/2016 Scores 814 - Experian (Fico Score 8) 807 - TransUnion (CreditKarma, so prob not accurate) 811 - Equifax (CreditKarma, so prob not accurate)
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