Schuetz: Divorce and Credit

Elizabeth Schuetz Gallard is a lawyer serving Philadelphia in Litigation and Product Liability cases. View attorney’s profile for reviews, office locations, and contact information.

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There were 36 separate credits to defendants entered in plaintiff’s books for feed sacks. When the credits were entered on the books of plaintiff a credit ticket was issued and mailed or delivered to defendants. These credit tickets showed the amount of the current credit and the running balance due from the defendants on all unpaid purchases.

Understand your divorce decree; Keep in mind your credit limits may decrease; Dissolving a marriage is never easy – for many reasons, including unraveling your finances and debts. And you may be wondering if a divorce affects your credit reports and credit scores. First, filing for divorce – or the actual divorce proceedings – will not.

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 · But while divorce ends your legal marriage, it doesn’t terminate your or your ex’s obligation to pay your fair share of federal income tax. If your divorce is final by Dec. 31 of the tax-filing year, the IRS will consider you unmarried for the entire year and you won’t be able to file a joint return.

Schuetz, Gary P – Schuetz Gary P is practising law in 1900 S Puget Dr, #208, Renton, Washington 98055. Their sic code is 54111. They are listed in the category and can be contacted via phone at (425) 228-4241. The county is King and Schuetz, Gary P – Schuetz Gary P has 1-10 employees.

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You can divorce your spouse, but unless you take extra steps to protect yourself, ditching debt from jointly held cards is more difficult. Credit card companies aren’t bound by divorce decrees, so they can go after you for jointly incurred debt if your former spouse doesn’t pay.

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Negotiating a House Buyout at Divorce "Buying out" your spouse is an option if you want to keep the house after a divorce. Updated By Lina Guillen, Attorney. What is a "Buyout?" One way that divorcing spouses deal with the family home is for one spouse to "buyout" the other’s interest.