Sentences with phrase «payment of the joint debt»

With a bankruptcy discharge of one spouse, the creditor may look to the other spouse for full payment of the joint debt.

Not exact matches

Since the surviving spouse may not be the breadwinner of the family, using a joint first - to - die policy can relieve the burden of debt payments.

With a Chapter 13 bankruptcy, if the filer submits a plan that will address all of the joint debt, the creditor can not pursue the spouse for payment of the debt during the restructuring payment period (which generally runs for up to five years).

If you can not afford to cover the payments for your ex's share of your joint debt, and if your ex isn't willing to refinance or work with you to sell joint assets, then bankruptcy could be the best course of action.

You can not normally make another intimation within 12 months of the last one, although there are special rules for people in joint debt payment programmes through DAS.

If a joint debt payment programme is revoked on the grounds of separation, creditors can not immediately take action to enforce court orders (use «diligence»).

When a divorce is filed and granted in New York State as an «Uncontested Divorce» it means that the parties to the divorce (the husband and wife, or both spouses in a same - sex marriage), have signed their applicable divorce papers that were filed in court, to indicate that they both agree to all of the terms of their divorce, including: the equitable division of their joint marital property (assets and debts) and the payment or waiver of spousal support.

If this is not possible, the parties should include provisions in a separation agreement that detail the responsibility of each spouse for joint debt and the appropriate course of action if a spouse fails to fulfill payment obligations.

Both husband and wife would each be liable to the lender for the full balance of this joint debt, although a separation agreement or a court order may allocate responsibility for payment of the debt between the husband and wife.

The issues that are typically addressed in mediation are issues related to children: legal custody and residential custody, visitation, child support, allocation of college expenses for the children, health insurance, life insurance; alimony and spousal support; division of real property, including the family home; division of tangible personal property including motor vehicles, boats, furniture, furnishings, art work, etc.; disposition of other property accumulated during the marriage, including bank accounts, investment accounts, pension / profit - sharing / retirement accounts, etc.; payment of credit cards and other debts, and tax matters including decisions relative to filing joint or separate tax returns and claiming the children as dependency deductions.