I know a couple who did this. The loan outlived the marriage.
It only occurred to her later that the settlement was a one time thing, but the loan she had to pay interest on. I'm pretty sure her ex had done the same thing, because they both talk to us about those payments. So essentially, these two completely destroyed their marital wealth just to get lawyers.
I don't know man? I think it'd be worth just sitting down together and working something out, but I guess a lot of people don't think that way.
But here's the kicker that occurred to me reading this article, just imagine the people that take out loans for the wedding, and the divorce.
Ouch.