It’s a very common tactic to run up big debts on shared credit cards ahead of a divorce, and how the court responds to it varies.
Some marriages end because couples have big money problems, and if you’re maxing out cards on expenses like groceries or other household items that are used by both parties, then the judge may do nothing.
On the other hand, if you’re maliciously running up debts that benefit you but not your spouse, the judge may assign those debts to you in your final settlement.
Many people in this situation are left with few options except to declare bankruptcy following the divorce.
Be cautious in how you approach finances as you consider ending your marriage.
The attorneys at Zelenitz, Shapiro & D’Agostino can help you plan for a divorce and avoid common pitfalls that may come back to haunt you.
Call us at 718-523-1111 and speak to an experienced Queens divorce attorney today.