Your final divorce agreement says your spouse is responsible for paying the credit card debt. What happens if he or she doesn’t? Even though there is a court order for your spouse to pay off certain debt, the account will remain in both of your names until there is a zero balance. A joint account… Continue reading →
Posts Tagged ‘joint account’
Spouse refusing to pay the joint debts
Is your spouse refusing to pay his or her share of the credit card debt? If this was a joint credit card, look out, the credit card company will come to you for payment. Even though your spouse has an official legal order to pay off certain debt, the account will remain in both of… Continue reading →
Inheritance considered separate property or marital asset?
When a couple starts dividing their assets as the divorce process goes into effect, any inheritance one may have received during the marriage is put on the table. The question arises – Is the money considered separate property or is it a marital asset? The answer is determined by whether the money was kept in… Continue reading →
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