Dealing with divorce is complicated enough, but having to deal with dividing debts makes it considerably more difficult. How a couple\u2019s debt is divided depends on a number of different factors.<\/p>\n
In California, the community is liable for all debts that were incurred during the marriage, regardless of which partner actually incurred the debt and whether this debt benefitted the family or the individual. Both parties are thus equally liable for the debt, and this debt should be divided evenly when settlements are being discussed unless the parties come to some other agreement. For example, one spouse may agree to pay off the joint debts in exchange for a greater share of the community property. A spouse may be inclined to do this because it will ensure that he or she is not responsible to the creditors.<\/p>\n
Couples often face issues when one party has been off the other\u2019s pre-marital debts. Oftentimes, a (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Dealing with divorce is complicated enough, but having to deal with dividing debts makes it considerably more difficult. How a couple\u2019s debt is divided depends on a number of different factors. In California, the community is liable for all debts…<\/span><\/p>\n