Originally posted on WomansDivorce

 

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It is an understatement to say that debt can have a negative aspect on a person’s life. Stress over debt has a negative impact on a person both physically and emotionally. If your debts have mounted it is constantly on your mind. It is hard to live life the way you want when you feel overwhelmed with the amount of money you owe others. Couple... 

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Well, if the house is a marital asset, then the debt is probably going to be classified as a marital debt. A deficiency judgment is a marital debt if it derives from the short sale of a marital residence prior to the judgment of divorce. After the judgment of divorce is signed, more than likely one party will own the home. That person…  Read More →

A story that sounds like it was taken from a mobster movie has led to a change in California divorce law , as a man sought to prevent his wife from benefiting financially from their divorce. Why did he want to prevent her from getting money in the divorce, beyond the usual reasons? Well, for starters, she had tried to hire a hit man to have him killed,... 

Well, if the house is a marital asset, then the debt is probably going to be classified as a marital debt. A deficiency judgment is a marital debt if it derives from the short sale of a marital residence prior to the judgment of divorce. After the judgment of divorce is signed, more than likely one party will own the home. That person probably has... 

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