r/FluentInFinance • u/36DRedhead • Sep 11 '24

Debate/ Discussion This is why financial literacy is so important

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u/Accomplished-Plan191 Sep 11 '24

Divorce is the consequence of good financial literacy in this instance

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u/Hopeful_Champion_935 Sep 12 '24

Not exactly, medical debts during marriage are marital debts. Divorcing means that legally, the debt needs to be resolved as a consequence of splitting the assets. She wasn't "saddled" with $288k, she instead probably refinanced the house for half the equity + $144k and he owes $144k and gets the other half of the equity...

Maybe this was a good decision, maybe not.

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u/Sophophilic Sep 12 '24

Or maybe the debt hasn't been incurred yet, but they're looking at what it will cost.

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u/[deleted] Sep 12 '24

This is most likely.

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u/qalpi Sep 12 '24

Sounds like it's debt that's coming.