How does the court divide debts in a divorce? – AttorneyBernie.Com

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Transcript:

00:00:05 in California uh debts are divided 50/50 that doesn’t mean to say that you’re actually going to each have to pay half the bill it could be offset against an asset one person can take one bill and other one can take the other bill it’s really interesting though that if there it’s an estate that’s upside down in other words there are more debts than assets the court does not have to allocate it for 5050 the court can allocate the payment of the debts to the person who’s most likely to retire the debt but the best way to do it is for

00:00:39 each person to take an account and pay that off uh rather than have to be linked to each other and having to make joint payments going forward