Marital Debt Liability & Reimbursement: Who Owes Who What?
While the division of assets during a divorce causes acrimony because everyone wants more, the division of debt is quite the opposite. Like a hot potato, parties will throw accusations
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While the division of assets during a divorce causes acrimony because everyone wants more, the division of debt is quite the opposite. Like a hot potato, parties will throw accusations
“Look for the bare necessities The simple bare necessities Forget about your worries and your strife I mean the bare necessities That’s why a bear can rest at ease With
Bankruptcy and divorce are very common yet unfortunate events especially during this recession. Although common, very specific and important implications occur when bankruptcy and divorce occur at the same time.
With the current economic crisis, foreclosures have become commonplace. That is why, in 2007, the Mortgage Forgiveness Debt Relief Act was enacted. This Act generally allows homeowners who have up