The good news is there are several choices available to you and your spouse about the repayment of your shared debts, but the key to making it work is to stay in agreement with one another.  It may take several strategizing sessions to work this out, and you may even need to employ the assistance of a good financial planner, but it will be worth it in the long run.

First, stop accruing new debt by putting a freeze on your credit card spending.  While the two of you may agree to keep a card or two available for designated expenses, this isn’t the time to run up new debt or take out cash advances on your credit cards.  This is a great time to close out those department store cards with higher interest rates.  And never cut off your spouse without first letting them know of your plans to freeze the debt.