Sentences with phrase «for marital debts»

Otherwise, one party could file post-decree and leave the other responsible for marital debts.

In Pennsylvania, spouses can negotiate each person's responsibility for marital debts as part of a settlement agreement.

In any event, the couple is jointly responsible for the marital debt.

In legal terms, however, a married couple is jointly responsible for marital debt because of joint and several liability, which means that the spouses are liable in respect of the same liability.

Not exact matches

This perspective unmistakably reveals the unwholesomeness, not to put it more strongly, of our way of life: our obsession with sex, violence, and the pornography of «making it;» our addictive dependence on drugs, «entertainment,» and the evening news; our impatience with anything that limits our sovereign freedom of choice, especially with the constraints of marital and familial ties; our preference for «nonbinding commitments;» our third - rate educational system; our third - rate morality; our refusal to draw a distinction between right and wrong, lest we «impose» their morality on us; our reluctance to judge or be judged; our indifference to the needs of future generations, as evidence by our willingness to saddle them with a huge national debt, an overgrown arsenal of destruction, and a deteriorating environment; our unsated assumption, which underlies so much of the propaganda for unlimited abortion, that only those children born for success ought to be allowed to be born at all.

The marital stresses and gut - wrenching, painful experiences were the events that caused the financial troubles, the constant calls and threats from debt collectors, the financial «experts» calling them failures and blaming them for their situation, or the waiting before finally seeking legal help.

For Married Wisconsin applicants: you recognize that the debt you are seeking will be incurred as a family obligation under Wisconsin law and that your marital property may be subject to liability under this obligation.

In exchange for using marital funds twice to repay past debts, I asked him to commit to paying back the family savings for the remainder of 2016.

Financial and marital problems are often closely related, so for some couples, getting help with debts can keep the situation from escalating to the point where they're meeting up before a judge.

It's because consumer debt erodes marital satisfaction over time for newlyweds.

The trial court did not err in refusing to use an alternate valuation date for the sale of the company stock, as husband used the proceeds to pay taxes and marital debt, with each spouse receiving half of the remaining net proceeds.

Once this happens the remaining spouse may be shocked to receive a call from a debt collector or when they receive a Statement of Claim in the mail for the unpaid debt, especially if they believed that they had split the debts in the same fashion as they had split their marital assets.

For example, the balance on a credit card held in both spouses» names is presumed to be marital debt, even if only one spouse made most of the charges.

Florida law calls for an equitable distribution of marital property and marital debts.

Florida law provides for an equitable distribution of marital property and debts in a divorce, which can result in an equal split or unequal split depending on the circumstances.

For example, your separation order will designate which spouse gets the marital home, who should pay child support, holiday visitation and child custody, each spouse's right to assets and debts, and even insurance coverage.

The family court ordered the property and business be sold, awarded Wife 61 % of the marital estate, ordered that she pay all the marital debt, and denied her claim for attorney's fees.

Since Wife incurred this debt for her own post-separation living expenses, the Court of Appeals found the family court improperly treated this debt as marital.

A practice of saving paperwork for one year after the relevant statute of limitations for a lawsuit expires is common, but some kinds of paperwork needs to be retained much longer such as vital statistics records (e.g. birth certificates, marriage certificates and divorce decrees) that can prove citizenship and marital status, documents showing the purchase price of property that may later be sold until it is sold (for tax purposes), documents that prove ownership of property that is still owned, documents that prove final payment of debts, many documents related to a divorce, and many documents related to estate planning.

Instead, you file court forms and a «marital settlement agreement» that details the agreements you've made about how you want to divide your property and debts, what your custody arrangements for your children will be, and whether support payments will change hands.

LetsGetDivorced.com is an online self - directed legal document assembly service for people looking to file a simple uncontested divorce, where both spouses agree on all issues of their divorce, such as equitable distribution of their marital property and marital debts, spousal support (a / k / a alimony), child custody, visitation and child support.

The most common issues addressed are custody and parenting time for your children, support for the children and / or spouse, equitable distribution of the marital assets, and division of marital debt.

For example, the court may award one spouse more marital assets, but the court may also assign to that same spouse more of the marital debt in order to be fair.

The key to uncontested divorce is that both spouses must be in agreement about the terms and conditions of the divorce, including child custody and visitation; child support, health and dental insurance, and medical expenses for the children; tax deductions and exemptions; division of the marital assets and debts; alimony; any other dispute involving the marriage; and lastly, the grounds for the divorce.

Parties prepare for a stipulated divorce hearing by agreeing on a marital settlement that divides their assets and debts and addresses the future care of any children.

Include a provision that a spouse who files for bankruptcy agrees to notify the other spouse of the bankruptcy filing within a certain period of time, such as 10 days, to give the nonfiling spouse the opportunity to contest the discharge of marital debts in bankruptcy.

Typically, the court treats credit - card debt acquired during marriage as a marital debt for which both parties are responsible, even if only one spouse accrued the debt.

They ask for details about your marital property and debts, as well as your personal income and expenses.

A detailed settlement agreement will typically include a parenting plan, itemized list of marital assets and debts, and a distribution plan for those assets and debts.

The judge can order provisions for support, custody, division of property and assignment of marital debts, but your marriage isn't technically over, so neither of you can remarry.

When negotiating through a divorce, one of the most important topics involves which spouse will get what property once everything is finalized, as well as who will be responsible for what portion of the marital debt.

Pro se mediations through Family Diplomacy would typically average a total of less than $ 2,500, broken down as follows: $ 250 for the first 2 - hour session (which would deal with issues related to parenting); $ 500 for the second 2 - hour session (which would deal with division of property and debts and support); $ 500 for drafting the marital settlement agreement; $ 500 for drafting the remaining required documents (excluding the financial affidavits); $ 250 for a third session, which would last about an hour, to finalize all documents; and $ 408 for the court filing fee.

Spouses will need to bring current statements of all marital assets and debts, as well as copies of tax returns for the previous three years, paystubs, W - 2's, any appraisals of properties or businesses, as well as other specific items.

A divorce is uncontested if both spouses agree to the divorce and are in complete agreement about dividing the marital property (which includes assets and debts), the custody and support for any children, and whether one spouse pays alimony to the other.

They must also determine if one party is responsible for paying the marital debts or if both parties will share the responsibility.

Recognized by SJ Magazine as a «Top Attorney» for many years, one of SJ Magazine's 2015 Men of Distinction, and as an Awesome Attorney by South Jersey Magazine, Bruce has over 25 years of experience handling all types of family law matters including but not limited to divorce (including complex divorce litigation), custody and parenting time (visitation), child support, alimony / spousal support, adoption, domestic violence, equitable distribution of marital property, equitable allocation of marital debt, child abuse and neglect (formerly DYFS) matters, same sex Civil Unions and Domestic Partnerships.

Sometimes referred to as a divorce agreement, property settlement agreement, a marital settlement agreement for divorce or separation is a legal contract which indicates how you intend to divide your assets and debts, as well as spousal support and / or child support.

The marital settlement agreement for divorce or separation can include a variety of terms, which pertain to topics such as property, accounts, debts, child support, child welfare, personal welfare, alimony, and all other aspects of one's interpersonal or financial circumstances.

The criteria for dividing marital property and debt under New Jersey law are similar to (but not exactly the same as) those criteria used to determine alimony.

Recognized by SJ Magazine as a «Top Attorney» for many years, as one of the «Super Lawyers» by Thomson Reuters, and as an Awesome Attorney by South Jersey Magazine, Bruce has over 26 years of experience handling all types of family law matters including but not limited to divorce (including complex divorce litigation), custody and parenting time (visitation), child support, alimony / spousal support, adoption, domestic violence, equitable distribution of marital property, equitable allocation of marital debt, child abuse and neglect (formerly DYFS) matters, and same sex Civil Unions and Domestic Partnerships.

Draft a proposal for the division of marital assets and debts and an agreement regarding child support, custody and visitation, if you have children.

Recognized by SJ Magazine as a «Top Attorney» and «Awesome Attorney» by local publications for many years, Bruce has over 28 years of experience handling all types of family law matters including but not limited to divorce, custody and parenting time, child support, alimony, equitable distribution of marital property, equitable allocation of marital debt, child abuse and neglect matters, adoption, domestic violence and more.

While you generally are not responsible for your spouse's non-marital debts, you may very well be ordered to contribute toward the payment of any marital debts you have incurred, even if your spouse, not you, incurred them.

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

It describes the agreements you have reached regarding alimony, health insurance, taxes, the division of marital assets and debt, child support, child custody, parenting time, child tax credit, payment for children's activities, and payment of college tuition for marital children.

A divorce case in California begins when the Petitioner or his / her divorce lawyer files a Petition For Dissolution Of Marriage in the Superior Court asking the court to dissolve the marriage and to deal with any issues between the parties arising out of the marital relationship such as child custody, child support, spousal support, property division, debt division, payment of attorney fees and court costs, etc..

However, it may be strong enough evidence, coupled with other evidence, that the marriage ended as of the date of the agreement, such that the marital values for all assets and debts may be measured as of this date.

In divorce and child custody cases, the contested issues vary depending on the parties» unique circumstances, but generally they concern with whom the children will reside (physical custody), who will make decisions concerning their religious and educational upbringing, medical care and treatment, and extracurricular activities (legal custody), how the assets and debts of the parties will be divided (equitable division of the marital property), and what kind of spousal support, if any, is to be paid by one party for the support of the other spouse.

Learn about underwriting guidelines for using support as qualifying income for a mortgage, equity buyouts, definitions of income and debt as well as tips for staging, marketing, and of course selling the marital home.

According to Michigan law, any assets or debts acquired by either spouse during your marriage are considered part of the marital estate, with rare exceptions made for gifts and inheritances.