Be very careful with commercial banks in Jamaica or Trinidad regarding joint debts! Even if the divorce court orders your ex to pay a joint mortgage or credit card, the bank does not care about your divorce decree. If your name remains on the loan, the bank will still come after you if payments are missed.
Rohan is 100% right. You must get the loan or mortgage refinanced solely into one person’s name, or sell the encumbered asset to pay off the bank balance during the property settlement under PROSA.
Full financial disclosure is critical here. Gather every bank statement, credit card slip, and utility bill before filing so neither party can hide debts or run up new charges during separation.
