Missouri statement assets debts 2025

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In Missouri, the wife receives no special treatment in a divorce. The court will make decisions based on the specific facts and circumstances of the case, including each spouses contributions to the marriage, the length of the marriage, and each spouses financial resources.
If the debt is incurred on an individual account, its usually that individuals responsibility, unless they live in a community property state that may not recognize separation. Joint accounts, however, can be a problem. Creditors want to be paid, and the only thing they consider is the name on the account.
Missouri is not a community property state in a divorce. Missouri is an equitable distribution state, which means that property will be divided by the court in a manner that is fair to both parties but not necessarily equally.
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