In previous blogs I discussed how community property earnings and community property purchases affect divorce. Now I will discuss the effects of community property debts and divorce.
Community property debts and divorce can be complicated, but important to understand when determining your rights in a divorce proceeding. As a family law and divorce lawyer in San Diego, I get asked often how to make a decision regarding community property debts and divorce. For the purpose of this blog I will provide a basic overview.
First, it is important to understand what is a community property debt. These are usually debts that are owed as a result of purchases while you are married. For example, when a couple buys a home their mortgage is a community property debt. Additionally any vehicles that are purchased during marriage result in a community property debt to pay off the loan of the vehicle.
By the time you decide to file for divorce, it is important to understand your rights regarding community property debts and divorce. The effects it can have on your decision to divorce are much too complex to discuss in this blog. For additional information regarding community property debts and divorce contact a family law divorce lawyer in your local area.
To inquire further about community property debts and divorce look for a local family law attorney who can discuss this process as it relates to your specific situation. In San Diego, contact the Law Offices of Brian A. Victor for more information on community property debts and divorce. www.brianvictorlaw.com
