The payment of
marital debts often becomes a contentious issue in a divorce, especially if the couple has a significant number of debts.
Not exact matches
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.
Property is divided on an equitable - distribution basis, which
often results in an equal split of
marital property and
debt.
Property &
Debt Division Our Vancouver Property Division Lawyers know that dividing your
marital property
often means parting with half of...
The
marital separation agreement
often includes decisions such as the division of property and other assets, alimony or maintenance payments,
debt division, and which spouse is allowed to live in the family home.
Often a spouse will obtain a temporary injunction to prevent either spouse from moving or destroying
marital property, taking on
debt or harassing the other spouse or child.
This
often occurs with money, usually when married couples share bank accounts or use separate funds to buy
marital property or pay
marital debts.
Often divorcing couples are able to decide how to divide the
marital property and
debts and can reach a fair agreement.
Basic concerns that
often arise during the process are «Who is going to live in the
marital residence» «How will we afford two households», «How will we be able to financially take care of the children, and spouse if applicable», «How will we divide assets and
debts».