The Risks of Buying a House with Non-Marital Partners: A Cautionary Tale
A woman from Kansas City called into The Ramsey Show seeking advice on how to untangle her finances after a breakup with her fiancé, which left her facing potential bankruptcy. Dave Ramsey, a financial expert, emphasized the importance of not buying a house with someone you're not married to and suggested selling assets, such as the house and vehicles, to eliminate the debt burden instead of filing for bankruptcy. Ramsey recommended reaching a mutual agreement with her ex to split the proceeds from selling the house and pay off the remaining loans, or alternatively, suing her ex for the dissolution of their partnership.