Mark went through what he calls a very “modern day divorce” last year when he and his ex-wife ended up dividing more marital debts than marital assets in their divorce settlement. The couple closed two joint credit cards, both with high outstanding balances and a record of missed payments. They also sold their home in a short sale, meaning they were able to get out of their underwater mortgage, but because the house sold for less than what they owed, there was no money from the sale to go towards paying down debts. Read more