Dec. 30, 2014 - Business, Debt and Marriage
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All too often people confuse their responsibility for debts incurred by one spouse or the other. Responsibility for debts owed are not only premised on the State in which you reside, but, also on whether the debt was incurred before, during or even after the termination of a marriage. Hence, if your business is not protected, it too can be the subject of debt collection between the spouses, or even a source of debt that can affect the personal assets of the family. In this show, Bill and Rick put a defining perspective on when, how, and under what conditions, incurred debts may be jointly “owned”.