Just because a debt was run up during the marriage does not always mean both spouses are liable. To be liable for a spouse’s debt depends on the type of goods or services the debt purchased and which property the creditor is trying to get. Basically, if your name is on the debt, you must pay for it. There is no community debt as such. EXCEPTION: the exception is if the debt was run up for life’s necessities, such as food, clothing, housing, maybe those connected to automobiles, both spouses are liable. I should also mention that even though a spouse is not obligated to pay a debt, payment of debt can be agreed to and made part of a settlement.
A divorce is the legal end of a marriage which allows both spouses to remarry without committing bigamy. Bigamy is the act of marrying more than one person at the same time. How long it takes to finalize a divorce in Dallas, Texas depends on how cooperative the spouses are in ending their marriage and […]
Community Property in Dallas Texas is one of nine states considered a community property state. This means that in a divorce, most property acquired during the marriage is considered the property of both spouses and must be divided “equitably” under Texas law. Understanding the difference between community and separate property is important to understand how […]