Unexpected Liens on Marital Property from Credit Cards or Loans Can Complicate Your Divorce and Bankruptcy

Many credit card agreements for stores like Sears or Best Buy include a provision where you grant the bank a lien on anything you purchase with the card. This can also include in-store financing with places like Raymour & Flanagan. If you are dividing up marital property in a divorce, and that property was purchased under one of these agreements, it can make equitable distribution more involved. These liens often come to light once a bankruptcy is filed, so careful, advanced planning is a must! Meryl and Steve discuss what steps you have to take in your divorce and your bankruptcy to address this problem.

You can listen to Unexpected Liens on Marital Property from Credit Cards or Loans Can Complicate Your Divorce and Bankruptcy online on Radio and Podcast. Open the player on this page to stream the available audio.

Unexpected Liens on Marital Property from Credit Cards or Loans Can Complicate Your Divorce and Bankruptcy is an episode from Bankruptcy Strategies in Divorce by Steven J. Richardson.

This episode is 29:36 long.

This episode was published on Sep 25, 2013.

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