Having been through one, I can attest that divorce is often equivalent to financial disaster for both parties.
My experience was similar. We paid only $250 for the entire divorce, and there was no legal property settlement (you get what you pay for?). I gave him the house in exchange for his promise to pay off the $10K-$20K we owed on our credit cards. I didn't get my name off the mortgage or the credit cards, though we both tore up our cards at that time. I trusted him. Oh well. The house was nearly foreclosed upon, and he didn't make any payments on the credit cards.
The result?
For a few years I couldn't borrow a nickel to save my life. Offers for my daughter (who was in college) to get a credit card appeared in the mail abundantly, but there were no offers for me, and my applications were denied. I couldn't get store credit cards either. I even tried to buy a mattress on credit at usurious interest rates, and was turned down. With no credit card or loan payments, I was saving a lot of money. When I needed a new car, I wrote a check for it.
Then, four and a half years after my divorce, I bought a house. Much to my surprise I had no problem getting a mortgage, though I paid 0.25% higher than the lowest possible 30 year mortgage rate at the time. After that, the credit card offers started rolling in. However, I was angry about my prior problems in getting credit when I really NEEDED it, so I decided not to ever get another credit card or borrow another cent from anybody. That has turned out to be the best thing possible for my ER plans.
My credit score is absolutely sterling by now (9.5 years after my divorce), higher than anybody I know. This is a story with a happy ending.