The Debt Divorce: Separating Reality from Forgiveness The financial aftermath of a divorce can be brutal, leaving one or both former spouses reeling under a mountain of debt.
Credit cards, medical bills, and private student loans are among the usual culprits. But what about debt forgiveness? Can a divorce qualify you for relief?
Divorce itself doesn't automatically trigger debt forgiveness; creditors evaluate your current financial situation to determine whether settling or forgiving part of your debt makes business sense.