SHOP PRODUCTS
Houzz Logo Print
jcs7

pending divorce and creditors

jcs7
17 years ago

If assets are frozen until a divorce settlement is reached, will credit card companies - if a lawyer makes such a request - ever put accounts "on hold" for 3 to 6 months? Don't laugh me off the forum ... you never know until you ask, right?

The couple own a business together, and a home. The husband has a lot of debt in his name - mostly marital and business debt, is currently not working, and is so unraveled by all of it that he has signed a power of attorney over to a family member. He is out of the picture for all intents and purposes. So, no assets will be liquidated to pay debts other than the mortgage until the house, going on the market tomorrow, is sold.

Any advice?

Comments (5)

Sponsored
Michael Nash Design, Build & Homes
Average rating: 4.9 out of 5 stars254 Reviews
Northern Virginia Design Build Firm | 18x Best of Houzz