Dividing Complex Debts During Divorce

If you are in the process of divorcing and you need to divide debts, it is important that you have knowledgeable legal counsel to guide you through this complex process. Understanding the laws governing California's community property jurisdiction can be confusing and overwhelming.

If you have debt and are considering divorce, call our Palm Desert office at 760-340-4545 to discuss your case with a lawyer who has 30 years of experience.

Understanding The Impact Of California's Community Property Laws

In the state of California, debts are divided under the jurisdiction of the California Community Property Laws. In community property states, any debt that you and your spouse incur during the marriage, no matter who incurred the debt, is considered marital debt. A creditor can hold both spouses liable for its repayment. During the divorce proceedings, any liability or debt incurred during the marriage should be assigned, paid or otherwise handled. These debts can include:

  • Credit cards
  • Mortgage
  • Home equity lines of credit
  • Car loans
  • Any other consumer loans
  • Any loans or debts related to a small business owned by either spouse

If your spouse is assigned the responsibility of repaying a specific debt and they do not follow through with the repayment, the creditor may come after you. It is of vital importance to divide your marital debts in a manner that will not cause undue credit or financial risk. Our attorney is well-versed in the laws governing division of marital debt and can serve as your trusted legal resource throughout the divorce.

Contact Us For Thorough Legal Guidance

The Law Office of James A. Jackson has 30 years of family law experience. We are responsive and strive to procure the best divorce settlement possible for all of our clients.

If you face divorce, call our thorough attorney today at 760-340-4545 to receive the personalized service you deserve. You may also contact us online. We serve clients throughout the cities of the Coachella Valley.