You Could Get Stuck With Your Spouse's Debt in Divorce

Between credit cards, mortgage loans, car loans, and student loans, Americans are in a whole lot of debt. Owing money can be hard to cope with under the best of circumstances, and when your debts get tangled up with marital issues during a divorce, things can get truly ugly.

If you decide to end your marriage, you'll need to address not only how to divide your assets, but how to split the debt you and your spouse collectively owe. Unfortunately, the process is actually even harder than it looks -- and if you don't do it right, you could get stuck having to pay back your spouse's debt after a divorce.

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Source: Fool.com