When a couple files for a divorce, they must decide how they will take care of any outstanding debt they may have. They may choose to both pay off a certain amount separately. Some couples choose to continue to pay off the debt together. Still others opt to make the full payment and resolve the issue at the very beginning. The issue of debt division can be complicated, particularly if the couple incurred an extensive amount of debt. Financial situations can become sticky if one spouse made a purchase with a credit card that had the other spouse's name on it. Even if the purchasing spouse did not inform the other spouse about the purchase, both of them are responsible to pay off the debt. Also, the spouses do not have to be in agreement about a purchase to be held equally responsible for paying off the debt. The credit card company does not provide compensation for couples who have outstanding debt at the time of their divorce.
It is true that courts may hold one spouse more responsible than the other, depending on which one took on the debt. However, if a satisfactory conclusion cannot be reached between the spouses, the court divides the total, and both spouses are required to pay. It is important to note that certain types of debt do not fall on both parties. For example, gambling is one activity which will not penalize both divorcees. Serving Roseville, California, Herrig & Vogt, LLP is a divorce law office that is Peer Review Rated by Martindale-Hubbell. With nearly years of combined experience, a Roseville divorce lawyer is uniquely qualified to take on your case. We have been rated by Avvo and are associated with Lawer.com and Nolo.
For more information, contact a Roseville debt division attorney from our firm today!