The court is not directing your creditors to change the contracts that you both signed. Those contracts are not affected. The creditor is still dealing with each of you as if nothing has changed, because for the creditor with a signed contract, nothing has changed.
This is true for credit accounts (credit cards, store charge cards), any kind of loan or lease (cars, motorcycles, trucks, real estate – apartment, store front, warehouse, office space), any secured credit such as a mortgage (any loan secured by real estate), etc.
Any joint bank or credit union accounts are not affected by the decree. Both of you have access to the accounts, until someone (you) notifies the financial institution of the change.
It is not enough to tell the bank or credit union what the court has ruled. They know that the court decree is directed to you and the "Ex", not towards the financial institution.
That is why the best way to prevent credit damage due to the actions of the "Ex" – intentional or not – is for you to take control of the situation and issue the proper notification to protect yourself and your family.
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