Community (Joint) Debt After A Divorce: Who Gets To Pay It Back?

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Community (Joint) Debt After A Divorce Who Gets
To Pay It Back?
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What happens to community (joint) debt after a
divorce? Unfortunately, community debt debt
created by one or both spouses during their
marriage does not melt away like a snowball
after a marriage ends.So what happens to it and
which spouse is legally obliged to pay it back?
The two of the most common questions the best
property division attorney in Fort Lauderdale
Gustavo E. Frances receives from his first-time
clients are Who will get to keep our marital
house? and How will our debt be handled after
the divorce?
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Creditors Will Not Stop Harassing Both Spouses
Normally, spouses cannot influence the courts
decision regarding which spouse will be
responsible for which joint debt unless legally
represented by a Fort Lauderdale property
division attorney. It is vital to note, however,
that even though the court will issue orders as
to which spouse will be responsible for which
community debt, creditors will most likely not
stop harassing both spouses.
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Reimbursement And Bankruptcy On Community Debt
For example, lets say the court ordered your
ex-husband to be fully responsible for the
mortgage after a divorce. The ex-husband refuses
to pay, and creditors go straight to his former
spouse to demand payment. As a result, she agrees
to pay off the debt. In that case, she may be
able to go to court and demand reimbursement from
her ex-husband. Or lets imagine the ex-husband
declares bankruptcy on the mortgage debt, and
creditors go straight to his ex-wife. The ex-wife
will most likely have no other option than to
file for bankruptcy herself.
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What You Did Not Know About Community Debt
If you go to court to get divorced without a
lawyer by your side, the outcome will be
unpredictable, and you may be required to pay off
the debt you did not create during the marriage
and/or cannot afford. Keep in mind that in the
eyes of law, each spouse has an individual
obligation to pay community debt back, including
but not limited to mortgage, credit cards, and
others.
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What Is Your Options?
These are not the only pitfalls and challenges
you may encounter during a divorce, which is why
it is highly advised to consult with an
experienced property division attorney before
filing for divorce. Find out your best legal
options by contacting the Law Office of Gustavo
E. Frances, P.A. Call our offices at 954-533-2756
to get a free consultation.
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Contact
Address 200 SE 6th St 402, Fort Lauderdale, FL
33301 Phone [phone] Website
https//www.lauderdaledefense.com/Contact.shtml
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