Analysis: Does Your Future Spouse Have A Lot Of Debt

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Does Your Future Spouse Have A Lot Of Debt? Learn About Protecting Yourself

A prenuptial agreement is often associated with a marriage between someone that is rich and someone that is not so well off. It can actually be used in a different situation where one spouse enters the marriage with a significant amount of debt. If you feel like you are in this situation, follow these steps to understand how a prenuptial agreement and bankruptcy can be used to protect yourself.

Talk About Each Other's Debts

It's common for someone to have debt when getting married. It can be a school loan, car loan, or even unpaid medical bills. That's why it is important that each of you discuss what kind of existing debts you have that the other may not know about.

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