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Usually, a person is responsible only for his or her own debts. So if you did not sign the contract or loan agreement for your spouse's debt, you usually would not have to pay that debt. However, if both you and your spouse signed for the debt, then the creditor can usually come after either of you to get payment.
Since California is a community property state, the law applies that the community estate shared between both individuals is liable for a debt incurred by either spouse during the marriage. All community property shared equally between husband and wife can be held liable for repaying the debts of one spouse.
If You Live in a Community Property State, You're Responsible for Your Spouses Debt Arizona. California. Idaho. Louisiana. Nevada. New Mexico. Puerto Rico. Texas.
The general rule in California is that a spouse ceases to be responsible for any debts incurred by the other spouse once they have separated.
The general rule in California is that a spouse ceases to be responsible for any debts incurred by the other spouse once they have separated.
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Types of Debts & Assets in a Divorce Missouri is an equitable distribution state, which means that your property, assets, and debts will be divided fairly but necessarily equally. Before anything can be divided, the property and debts will need to be categorized as either: Separate assets and debts.
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.
California is a \u201ccommunity property\u201d state, which means that any assets acquired and any debts incurred by either spouse during the marriage belong equally to both spouses.
If You Live in a Community Property State, You're Responsible for Your Spouses Debt Arizona. California. Idaho. Louisiana. Nevada. New Mexico. Puerto Rico. Texas.
If a spouse has a loan from before their marriage, it remains their responsibility after divorce unless they had it refinanced or their spouse otherwise cosigned. If the student loan debt is to be shared by both spouses, it will be divided equitably in keeping with Missouri's asset division standards.