How to Assume the Debt of a Marriage Partner?

Answer In most cases, assuming debt for someone else isn't a wise financial move since creditors will hold you liable for the debt you assume. However, sometimes assuming debt for a marriage partner can b... Read More »

Top Q&A For: How to Assume the Debt of a Marriage Partner

How to Assume a Spouse's Pre-Marriage Debts?

It is not difficult to assume a spouse's pre-marriage debts. The law does not require you to assume your spouse's pre-marriage debts, and will divide them accordingly during a divorce. However, if ... Read More »

How to Help a Partner out of Debt?

You may find yourself in the position of needing to help a partner get out of debt. The reason is that it is in your best interest and will help you to move on.

How to Deal With Desertion of a Partner in Marriage with Religion?

When desertion occur in marriage normally the spouse involved is thrown off balance and sometimes looses grip of reality itself. These arise due to the feelings of betrayal and of being used and du... Read More »

Why Is a Silent Business Partner Considered a Bad Business Debt for Tax Purposes?

A partnership may be founded on a simple handshake, but ideally it should be documented with a well-crafted and detailed business plan. There are two recognized types of business partnerships, gene... Read More »