Property division in a divorce depends on whether the state follows community property or common law rules. In community property states, most assets acquired during the marriage belong equally to ...
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Who is responsible for debt after divorce?
Debts taken on during the marriage are often shared, while those incurred before or after may remain the responsibility of the individual who created them. Whether you live in a community property or ...
Divorce and remarriage can raise questions about how debt is divided and managed between former and new partners. In most cases, debt acquired during a marriage is considered marital debt and may be ...
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Can you be liable for a spouse’s credit card debt?
If you’re a joint cardholder on a credit card account or you’ve co-signed for a credit card with your spouse, then you’d be liable for any debt incurred with the card. If your spouse is the sole ...
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