Avoid tricky business debts that could affect you after divorce
On behalf of Stange Law Firm, PC posted in Divorce on Thursday, May 21, 2020. When you plan for divorce, something that you may need to consider is how your business’ debt could affect you and your ex-spouse in the future. Take, for example, a situation in which you borrowed $25,000 in loans to support your business. If you and your spouse both take part in the business, then you both could be on the hook for paying back that debt after divorce. Similarly, if you run a business and have borrowed against it to support your family, that money