The Sand Springs Family Lawyers at Tulsa Divorce Attorneys and Associates can help you regardless of the family law issue. When a couple divorce’s there’s a host of issues that need addressed. From child custody and visitation on down the line you’ve got to unwind your emotions and finances. In addition to child custody and visitation you’ll have to figure out whose debt belongs to who. It seems simple on its face but in divorce it can change real quick. And if you have property to divide or someone is paying alimony this can complicate things even more. If you’d like some information on dividing debts in divorce read on. Otherwise read our family law blog for a topic that’s interesting to you.
Dividing Debts in an Oklahoma Divorce
During the course of your marriage any debts that were incurred for the purpose of the marriage are divided equitably. When the Court says equitably
it means as close to evenly as possible. This means that if you bought something solely for your use its still seen as being for the purpose of the marriage. And, if it was bought while you were married both marital party’s are responsible for it. A big question I get is if the divorce decree makes the other party responsible for all or part of the debt does the creditor have to accept the terms and let me off the debt. The short answer to this is absolutely not. If its a debt assigned to the other marital party and they don’t pay, the creditor can still come after you if you are on the original debt. If this is the case the only remedy you’ll have is a contempt citation against your former spouse for failing to follow the final decree.
Sand Springs Family Lawyers Near You
If you’ve got a family law case in Sand Springs or anywhere in Oklahoma we can help you. Our divorce and child custody attorneys have helped countless people in Oklahoma with every possible kind of family law case. Get the legal advantage you need. Call today for a free family law consultation.
Tulsa Divorce Attorneys Blog
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Divorce significantly impacts the finances of both parties involved. In Oklahoma, the division of assets, alimony, child support, and other financial considerations are all guided by state laws. Understanding how these factors play a role in divorce can help individuals prepare for the financial changes that come with one. Division of Assets Oklahoma is an equitable distribution state, meaning that the court divides marital property fairly, but not necessarily equally, between the spouses. The court considers several factors to determine a fair distribution, including: Both parties must… Read More
it means as close to evenly as possible. This means that if you bought something solely for your use its still seen as being for the purpose of the marriage. And, if it was bought while you were married both marital party’s are responsible for it. A big question I get is if the divorce decree makes the other party responsible for all or part of the debt does the creditor have to accept the terms and let me off the debt. The short answer to this is absolutely not. If its a debt assigned to the other marital party and they don’t pay, the creditor can still come after you if you are on the original debt. If this is the case the only remedy you’ll have is a contempt citation against your former spouse for failing to follow the final decree.