Divorce can be a stressful time all by itself. When you are going through divorce, you know that you will have to handle many issues, such as handling your debts, child custody issues, assets, alimony, and more. What makes these situations even more stressful? When you believe that your spouse is lying during divorce mediation…. Continue reading →
Posts Tagged ‘debts’
Property Rights for Those Who Are Unmarried Couples
You’ve decided that it’s in your best interest to remain unmarried. Perhaps you were in a long-term relationship before and it didn’t work out, so you and your partner have decided that marriage is not in the works for you. But you have decided to make the leap into living together for quite a few… Continue reading →
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 →
How is Property Divided in the Event of a Divorce in California?
In many cases, you may be surprised to find that divorcing couples can come to agreements in terms of their property. However, until a judge signs an order, your community property and debts still belong to you and you will have to arrive at the best conclusion on what steps to take. In California, a… Continue reading →
How are property and debt divided in a divorce?
It is common for a divorcing couple to decide about dividing their property and debts themselves (with or without the help of a neutral third party like a mediator), rather than leaving it to the judge. However, if a couple cannot agree, they can submit their property dispute to the court, which will use state… Continue reading →
What is marital debt?
Although divorce involves many aspects of household dissolution, the matter of marital debt remains a complex matter. Marital debt is debt incurred during the course of the marriage. As if the emotional trauma of a broken marriage is not enough, the separation of a pair of personal lives is magnified by the separation of economic ones. Now,… Continue reading →
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 →
Divorce and debts
When a marriage ends, the property and assets are not the only things that are divided. So are your debts – credit cards and other bills that need to be paid. When there is a prenuptial agreement, it is usually easier to divide debts that have been incurred because the agreement will guide you through… Continue reading →
Allocation of debts
Besides the division of assets, the allocation of debts is one of the most important issues to settle during a divorce. Both parties are responsible for marital debts that were incurred during the marriage. Generally, the decision regarding the allocation of debts follows the same principle as division of property – all debts must be… Continue reading →
Are you facing foreclosure during a divorce?
Going through a divorce is stressful enough without your home adding to your problems. Is your home worth less than you owe on it? If this is your situation, you have options: · Short Sale – Your house is sold for less than the amount of your mortgage loan. The bank will not go after… Continue reading →