Sentences with phrase «jointly held debts»

However, while working to reach a financial settlement, divorcing parties must make certain that jointly held debts do not affect them in the future.

In this article, we look at the definitions of both individual and jointly held debt, as well as some of your options.

Learning to budget with jointly held debt after divorce requires some thought.

Things such as funeral costs and jointly held debt (such as a cosigner on a loan) are just a few of the costs that you'll need to consider in the event you were to unexpectedly die.

Not exact matches

IPIC's apparent decision to walk away from debt it jointly guaranteed with 1MDB — and the subsequent settlement — undermines the widely - held view that Abu Dhabi's word is water - tight.

If the debts are held jointly, the non-filing wife will still owe even after one spouse has filed bankruptcy.

There is a lot to lose by one or both parties in a cohabitation arrangement if they do not put together an agreement, both in terms of losing entitlement to property and also in terms of responsibility for certain debts, like jointly held credit cards making it advisable to consult with a cohabitation agreement attorney in Virginia.

The Trustee will consider each person's income and household expenses, any support payments made and received and the total amount of debt that is held both jointly and individually.

In general terms matrimonial property includes all assets belonging to the parties individually or jointly which was acquired during the period of marriage and held as at the date of separation, less any debts similarly held by the parties individually or jointly as at that date, subject to a few exceptions.

Pay off any joint debts as soon as possible and cancel all jointly held credit cards and to set up individual credit accounts.

Earning by one spouse is generally considered jointly owned, and debts are jointly held as well.