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Posted on in Divorce

CA divorce lawyerMany of us are aware of the potential conflict surrounding asset distribution during divorce. Deciding who gets the home, who gets which car, and how investments and bank account holdings should be divided is on the forefront of many divorcing couples’ minds. However, you may not have heard of the horror stories involving debt allocation/assignment during divorce. Just like property collected during the marriage is called marital property and belongs to both parties, debt is dealt with in the same way.

During divorce, debt will be distributed “fairly” amongst both parties, just like property is distributed fairly. Note that “fairly” does not have to mean equally, and in many cases, the debt incurred by one party should not have to fall on the shoulders of another after the marriage has ended. Instead of plodding through this treacherous terrain without any idea of what your rights are, and in so doing setting yourself up for potential crippling debt and bankruptcy down the road, consider reaching out to an experienced San Jose divorce attorney for legal guidance and protection.

California Is a Community Property State

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