Skip to main content

What Happens to Marital Debt During a Texas Divorce?


If you want to related guideline confidentiality Divorce Law experience, So you can better suggestions about Happens to Marital Debt During a Texas Divorce.

Divorce Lawyer Houston – A Divorce in Texas deals with three primary areas of two persons lives:

1. Dissolving the marriage relationship
2. determining conservatorship/possession/access for children (if any) and
3. dividing the property/debts of the spouses.

All of these issues can have lasting effects for a person but perhaps none more so than the dividing up of marital debts.

CREDITORS ARE NOT BOUND BY THE DIVORCE DECREE

For starters, while spouses can agree to how their debts are divided creditors are typically not bound by the terms of a Divorce Decree. For example, if the credit of both spouses is utilized to secure a home loan then the creditor will have the right to pursue either spouse whose name appears on the application for the loan for failure to make payments on the underlying note. This can be true even if the parties to a divorce agree to one spouse taking control of that debt.

It is pretty easy to foresee a situation where because the spouse who becomes responsible for the debt fails to make timely payments both former spouses are in line to have their credit negatively effected due to these missed payments. Creditors can go to such extremes as garnishing wages, assigning liens against other property of both spouses or other methods to enforce the payment of their debt.

REMEDIES

Houston Family Lawyers – As far as remedies available to the former spouse who is no longer “responsible” for the debt, a contempt or enforcement action may be sought in court. However, this does little to give any remedy to the above scenario where a fast acting creditor takes action against you in the financial world.

An experienced family law attorney, such as those with the Law Office of Bryan Fagan, can assist in allocating marital debts in a manner that best suits their client. For example, assigning debts to the party whose name they are in can help avoid potential issues for the non-debt incurring spouse in the future. In regard to a home loan, it is possible to have one spouse refinance the loan while absolving the other from future responsibility for payments.

The attorneys at the Law Office of Bryan Fagan are equipped and eager to advocate for persons who are concerned about marital debt in their pending divorce. Consultations for family law matters are always free, and are always with an attorney licensed to practice in Texas… Continue Reading
Labels:
Location: 3707 Farm to Market 1960 Rd W #400, Houston, TX 77068, USA

Comments

  1. PENIS ENLARGEMENT PRODUCT June 7, 2019 at 12:28 PM

    CONTACT PRIEST AZIBA FOR A POWERFUL SPELL TO HELP YOU GET YOUR EX LOVER BACK NO MATTER HOW LONG YOU BROKE UP OR WHOM HE/SHE MAY BE WITH NOW PRIEST AZIBA WILL HELP YOU GET THEM BACK CONTACT PRIEST VIA WHATSAPP: +2348100368288
    I am from United State,Michigan. I did not believe in Love spell magic for i thought and believed it was not real until the day that my Husband left me for his Mistress, I tried all my possible means to get him back but it all seems to be in vain, So till the next day and did not come back home i search on what i could do to get my man back on the internet i saw a testimony about DR AZIBA how he helped lot of people to get there Lovers back and how he recently casted a spell for one Man to get his wife back, although i didn't believe in love spell, i contacted him because i loved my Husband and i want him back, So DR AZIBA performed the love spell and told me to wait for just 12 hours which i did, So surprisingly, My Husband sent me an apologizing Text and he started begging me, from that day, we became together and up till now, We are in love with each other like never before.. If you need any help, You can as well contact DR AZIBA via his Emails > priestazibasolutioncenter@gmail.com .You can also call him or write to him via WhatsApp +2348100368288 to contact him directly .
    My Regards...

    ReplyDelete

Post a Comment

Popular posts from this blog

Husband Not the Father, what do I do in a Texas Divorce?

If you want to related guideline confidentiality Texas Child Law experience, So you can better suggestions in Husband Not the Father, what do I do in a Texas Divorce? Family Lawyers in Houston : This year I have had several consults in which the wives I have met with have brought up how their husbands are not the father of one of their children. In many of these consults, the women were surprised to learn that this would somehow complicate their divorce. Many aspects of a Texas divorce regarding children are like those of a Texas suit affecting parent-child relationships that unmarried couple goes through when they need court orders regarding children. However, there are differences which we will explore in today’s blog topic. The Presumption of Paternity Family Law Attorneys Houston : A good starting point for understanding how an extramarital child can complicate a divorce in Texas Family Code Section 160.204 which states that: > A man is presumed to be the father of ...
1 comment
Read more

What can be done if CPS has taken possession of your child in Texas?

If you want to related guideline confidentiality Texas Child Law experience, So you can better suggestions in What can be done if CPS has taken possession of your child in Texas? Family Lawyers Houston : Under the Texas Family Code, Child Protective Services (CPS) is provided a great deal of authority to investigate allegations of abuse or neglect against your child and ultimately to remove him or her from your home if it is believed that such an action is warranted. CPS has set up hotlines that are monitored twenty four hours a day and seven days a week for people to report these allegations in a confidential manner. Certain people- doctors, lawyers, teachers and police officers among them- are obligated by law to report instances of abuse or neglect that are discovered. If a report involves your child then a CPS office in your area is contacted and an investigation will begin. Once the CPS investigation begins what is your role as a parent? As soon as aCPS case worker rece...
Post a Comment
Read more

Can family violence render a Mediated Settlement Agreement void?

If you want to related guideline confidentiality Texas Child Law experience, So you can better suggestions in Can family violence render a Mediated Settlement Agreement void? Spring TX Divorce Lawyer : This past week the attorneys with the Law Office of Bryan Fagan, PLLC posted a blog article that centered around mediated settlement agreements in family law cases. We discussed how these documents are binding in almost every circumstance. State law mandates that a court issue an order reflective of the mediated settlement agreement of two parties that enter into one. Courts typically are in favor of MSAs because they lighten their overburdened docket of cases. The parties themselves typically like them as well since time and money are saved by not having to go all the way to a trial in their case. Not to mention that the agreement that is reached more than likely is better than any judgment that a court could render. What happens in a situation where you believe that good cause...
Post a Comment
Read more