In California, both parties in a divorce are liable for all debts incurred during the marriage. California Family Code Section 910 states, “The community is liable for all debts incurred before and during the marriage, but before separation.” Keep in mind that each party’s separate property is not liable for the other party’s debts –… Continue reading →
Posts Tagged ‘marital debts’
Marital debt division
When a couple gets divorced, they are faced with the dilemma of dividing up their debts as well as their assets. The division of marital debt and assets is a complicated area of family law. California Family Court has the right to divide joint debts between the couple, regardless of whose name is on the… Continue reading →
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