Laura & Mark — The Divorce Settlement
I could not.
The legal agreement required Mark to make reasonable efforts to remove my liability and reimburse me if his designated obligations caused losses.
It was enforceable between us, but lenders were not bound by our divorce simply because we wanted them to be.
Sarah explained that distinction again over the phone.
“If he misses a payment on a joint obligation, a creditor may still contact you.
The indemnity gives you a remedy against him.