It is difficult to break even in many divorces. This means that, when it comes to divorce, many people will have debts to pay off and might wonder how they can do so. If finances were an issue during your marriage, you might find that they are also an issue when it comes to your… Continue reading →
Posts Tagged ‘debt’
Things You Should Never Do When Getting Divorced
You always hear about the things you should do when you are going through divorce, from meeting the filing standards to solving matters with your bank accounts. But what about the things you should never do? There are many complicated aspects in divorce and many complex problems you want to avoid. Today we will look… Continue reading →
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 →
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 →
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 →
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 →
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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