Sentences with phrase «debt incurred during»

All debt incurred during the marriage, no matter by whom, is generally considered to be the community debt of both parties.

In most community property states, both spouses are equally responsible for the repayment of debt incurred during the marriage, even if only one spouse enjoyed the benefit.

Loved ones don't «inherit» debt, unless they've co-signed on a dotted line or live in a community property state (in which case, a spouse is on the hook for debt incurred during the marriage).

The good news is family members aren't responsible for any debt left behind after death, unless they've co-signed on that debt or live in a community property state where spouses are responsible for debt incurred during the marriage.

Property and Debt Division: Generally, all property acquired and debt incurred during the marriage will be community property subject to equitable division, but there are notable exceptions to that general rule.

There are some cases where both partners can become liable for student debt incurred during a marriage, even if only one person's name is on the loan.

And that means you'll know beforehand how much money you'll need to set aside for repaying the debt you incurred during Christmas.

When factoring in debt incurred during premed, a whopping 47 percent of debtors owe more than $ 200,000, and 13 percent owe over $ 300,000.

It has paid off all $ 19 million of the debt it incurred during the 2010 elections.

What we are left with is a system in which South Africans are paying for debt incurred during the Apartheid regime and Congolese citizens are repaying debts for money that was stolen by Mobutu Sese Seko.

When factoring in debt incurred during premed, a whopping 47 percent of debtors owe more than $ 200,000, and 13 percent owe over $ 300,000.

However, if you live in a community property state (California, Arizona, Idaho, Nevada, Louisiana, New Mexico, Washington, Texas or Wisconsin), your spouse and you may be responsible for debts incurred during the marriage, and the individual debts of your spouse may appear on your credit report as well.

The host club will assume the responsibility of all debts incurred during this event, including acquiring Liability insurance to cover the event and any profits become the property of the Parent Club.

Development went on for so long, in fact, that the company was forced to dissolve as it couldn't pay down debts incurred during that time.

Unfortunately, debts incurred during the new Museum construction were a persistent and insurmountable burden.

If either of the parties tends to spend far more than the other, you can describe in the prenuptial agreement how you want debts incurred during the marriage to be treated for equitable distribution purposes.

He stated he knew nothing about any debts incurred during the marriage.

Generally, debts incurred during the marriage are community obligations.

This means that any property (other than gifts or inheritances) you and your spouse acquired during the marriage belongs equally to both parties and any joint debts incurred during the marriage are the equal responsibility of both parties.

Unless the creditor was specifically looking to the separate property of one spouse for payment, all debts incurred during marriage are marital.

Some states have gotten fairer about new debts incurred during a separation.

Not exact matches

The refusal to acknowledge the bad debts incurred by banks during its property bubble plunged Japan into its «lost decade» and ended talk about Japanese global domination.

Employees in their early 30s often suffer from more stress due to being in a season of life during which they're incurring debt.

The debt, incurred during Angola's long civil war, was cut to $ 1.5 billion in a deal partly negotiated by Arcadi Gaydamak, a Russian - born businessman.

It can also be disclosed that during a meeting with the elder son of the family, which he recorded on his mobile phone, Liverpool told him the club were willing to pay a # 5,000 debt incurred in school fees but were unable to do so while his parents pursued a formal complaint against them.

Mr President, I remember during the campaign, yourself and the Vice President expressed worry about the level of debt that Ghana was incurring and among other things you said that because of the mismanagement we were having to borrow and then we have enough internal resources and therefore we should block the loopholes.

The NSB report acknowledged these sacrifices as «costs to the students in lost opportunities they might otherwise have pursued, the quality of life during the educational period, and the debt burden incurred while pursuing a degree.»

EPOC, or burning extra calories in the hours following exercise, is caused by your body's increased rate of oxygen intake in a bid to correct an O2 «debt» incurred during exertion.

If you live in a community property state: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin the surviving spouse is responsible for debts incurred by the account holder during his or her marriage — even if the surviving spouse did not cosign.

Although this protection can cap annual interest rates at 6 percent during deployment, it only applies to debt incurred before beginning active duty and requires a written request for relief to the lender.

While in school, college students can be careful not to fail courses since they are costly to repeat, work during the school year, and keep a strict budget in order to reduce the amount of debt they incur.

Any debt incurred before you got married remains your debt, unless you consolidated or refinanced with your spouse during your marriage.

During the recession, borrowers began to focus on getting out of debt or, at least, to not incur any new debt.

During the divorce process you and your spouse are liable for debts, even those incurred as a couple.

If you want to repay your student debt less painfully after graduation, you have to make sure that you don't incur any further debts during college days.

During the program you are still liable to make your payments on time to any debt collectors and to pay any interest or late fees incurred

So, the more you can save before college, the less debt you or your student may have to incur during college.

It is a good idea to work with a financial adviser or a debt counselor to understand what kind of debt you may incur during a foreclosure.

The sample used for this analysis was restricted to the set of households that were making payment on their student loan debts and earning at least some wage income.iii The survey includes a representative sample of all U.S. households, so the outstanding student loan debt balance at the time of the survey reflects various points during the repayment period (in contrast to surveys which capture total debt incurred).

Debt incurred before marriage or after separation is typically considered «separate debt», however student loans borrowed during marriage may be deemed «marital» debt, especially in the community property staDebt incurred before marriage or after separation is typically considered «separate debt», however student loans borrowed during marriage may be deemed «marital» debt, especially in the community property stadebt», however student loans borrowed during marriage may be deemed «marital» debt, especially in the community property stadebt, especially in the community property states.

During your divorce, you may have incurred debt or taken on an asset that you could not easily afford, such as a house.

If you live in a community property state, you both may be responsible for debts incurred on individual accounts during your marriage.

A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

This means openly talking about your spending habits (both individual and as a couple), future financial needs, household expenses and debt (incurred before the marriage as well as during).

However, debts incurred jointly during the marriage are the responsibility of both spouses — regardless of who actually spent the money.

The court may decide one spouse is responsible for all joint debts and liabilities of the parties incurred during marriage.

Just as you need to determine what you own, you will also need to make a determination of all of the debts that you or your spouse have incurred during the marriage (without respect to the name in which it was incurred).

In the ten states with community property rules, both spouses are responsible for most debts incurred by one spouse during the... Continue reading →

Marital Liability - generally, any debt that you and / or your spouse incurred during the marriage.

If your spouse attempts to incur unreasonable debts during the divorce process you can seek a temporary court order to halt them.