Posts Tagged ‘debt’

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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What Your Divorce Lawyer Will Ask of You

Before you meet with your divorce lawyer, you may wonder what they will need from you. For instance, a divorce cannot go on without proper documentation and a higher understanding of what you must expect throughout the process. A divorce can sometimes be traumatic, because it calls for the end of many important aspects within… 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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Preliminary Financial Disclosures

Preliminary financial disclosure is a mandatory part of getting a divorce. It is important that, when disclosing your debts and assets, you are as honest and transparent as possible. If you or your spouse are found to have purposely omitted any pertinent information, the consequences will affect both parties. When accounting for all your assets,… Continue reading →

What Should Be said In a Separation Agreement

There are numerous reasons why a couple might pursue a legal separation. Whether those reasons reflect a conscious choice – religious or medical reasons – or are driven by legal technicalities, the inability to attain a tradition marriage, it is important to work with an experienced family law attorney who can guide you through the… Continue reading →

Divorce and Property Division

You and your spouse finally agree that divorce is the best option for the two of you.  Now, you have to come to an agreement on dividing the property you have accumulated throughout the years.  You wonder, “Can I stay in the house?” If you are considering asking for the house, think about whether you… Continue reading →

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Preliminary Financial DIscloser

The California divorce process requires the couple to prepare and exchange preliminary financial disclosures regarding incomes, expenses, property (both marital and separate) and all debts and obligations with each other. Without them, the judge will not grant the divorce. Not filling them out or filling them out incorrectly can cause problems for both parties. A… Continue reading →

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How Can I Protect My Credit?

It is hard enough when your marriage fails, but having your credit rating ruined during the process can be devastating. Many clients, with good reason, express concern about their credit rating during and after divorce proceedings. There are preventative measures you can take to keep your credit rating intact: Pay attention to your obligations, such… Continue reading →

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Things to do before a divorce

It can be very stressful and emotional when an individual considers the dissolution of his or her marriage.  If you are thinking about filing for a divorce, make sure you are prepared to do so. In order to avoid some common pitfalls associated with divorce, consider the following before doing anything: ·         Make sure you… Continue reading →

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