Should i pay off debt during divorce
- how to separate debt in a divorce
- how is debt split in a divorce california
- do you split debt in a divorce
- how to split debt in a divorce
Am i responsible for my husband's debts if we divorce.
Divorce debt calculatorMost people going through divorce worry about dividing their property. But dividing debt can be just as important—if not more.
Divorce and Debt—Does One Have Anything to Do With the Other?
Most definitely.
Dividing debt in a divorce goes hand-in-hand with dividing property. In fact, splitting debt during divorce is sometimes more significant than splitting property, particularly if the spouses don't have many assets.
Does Every State Deal With Debt the Same Way?
No.
How a state handles property and debt division in a divorce depends largely on whether it's an "equitable distribution" state or a "community property" state.
Who is responsible for credit card debt in divorce
Equitable distribution states divide property and debt based on what a judge determines is fair under the circumstances of each case. ("Fair" doesn't always mean "equal".) Community property states, on the other hand, usually aim toward a straight 50-50 split of property and debts.
That said, you must remember that each state has its own divorce laws.
So the law in one equitable distribution state might vary somewhat from the law in another. The same
- how is debt divided in a divorce
- how to split assets in a divorce