Archive for the ‘Debts’ Category

How do You Divide Property and Debt During a Divorce?

How do you determine how property and debt is divided during and after your divorce has been finalized? What happens in regards to your marital home? Unfortunately, it is not easy to see the answers to these seemingly simple questions when you first enter into the divorce process. This is why it is always a… Continue reading →

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Will my Spouse Pay my Attorney Fees During a Divorce?

Many divorce attorneys will cost anywhere between $150 to $400 an hour, which is why spouses may have concerns about how they will afford their attorney. One of the most prevalent issues in the midst of a divorce is one or both sides claiming that they do not have enough money, which can be made… Continue reading →

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Filing for Bankruptcy and Divorce: Which Comes First?

Let’s say that you are in a position where you are ready to file for divorce and the other spouse is not paying for your mortgage, so you are left to settle matters on your own. You may wonder if you should file bankruptcy first or if divorce is the best option. To put things… Continue reading →

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Lying on Income and Expense Declaration Forms: Why is it Done and How do You Prove it?

When a couple is no longer together, all assets must be decided upon and expenses figured out. In the case of an Income and Expense Declaration Form, one of the most important documents filed in relation to child and spousal support proceedings, both parents must be completely honest within every section. However, some parties will… Continue reading →

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Planning for College as a Divorced Parent

Your child has been accepted by a college, which is probably a relief to you. However, as a divorced parent there is another issue to consider; how do you and your ex-spouse split the cost of your child’s college expenses? States do not make parents obligated to pay for a child’s tuition and college expenses,… Continue reading →

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Debt during Divorce- Who is Responsible?

California is a community property state- this means that all property acquired during a marriage belongs to both spouses, including assets and debt. Debt belongs to both spouses even if only one spouse signed the paperwork for the debt. However, community property law defines separate property as property acquired before marriage or after separation. So,… Continue reading →

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Do I Owe my Spouse’s Debt?

What happens when the marriage you entered into with such high hopes is headed for divorce court? Money has become a big point of contention, even in intact marriages, but has also become the leading cause of divorce – bills are continually rising and it costs a lot of money to raise children. Whether you… Continue reading →

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It’s always a good idea to talk to your spouse about your finances

In marriages, finances are one of the most important issues and have the potential to ruin the relationship. People have very different opinions on money – If you are about to be married or are already married, it is a good idea to talk to your soon-to-be or your already husband about combining your incomes,… Continue reading →

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Dividing up debts and liabilities

As part of an action for the dissolution of a marriage, the court must determine the division of the couple’s debts and liabilities – not only division of property. The court considers the circumstances surrounding each party before arriving at a fair and equitable division.  The court looks at the length of the marriage, the… Continue reading →

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