Since your debt is joint debts whereas both of your names are on the debt, it may be a good idea to keep the debt as one and make the final decison to either consolidate the debt with a loan or choose to go with a debt management plan. With a consolidation loan, it may be a little more costlier than a debt management plan because of finance charges. It's best to decide what's easier for the both of you to do to get the debt paid off as quickly as possible. Some couples when divorce, however, do separate the debt and choose to pay their debts separately when the debt is not joint, of course. If each of you can trust the other to pay off the debt, you can also choose to delegate specific debts to one another and pay off the debt that way as well.