How will the Court handle commingled assets and debts in a Louisville divorce. Generally speaking, there are principally two types of marital property in a Louisville divorce – “marital property” and “separate property.” Basically, marital property will encompass any assets and debts which are obtained by the parties jointly or separately from the date of...
How Are Debts Divided in a Louisville Divorce?
How are debts divided in a Louisville divorce? Will I be responsible for the debts of my former spouse? Both spouses are technically responsible for any debt which was acquired from the date of the marriage until the date of separation. This applies to all debts and accounts regardless of whether either or both of...
Pay Attention to Tax Returns and Financial Records in a Divorce in Louisville
Are you seriously considering or in the midst of filing for divorce. It is important to pay attention to tax returns and financial records in a divorce in Louisville. They provide significant insight, factual data and documentation for forensic accounting when hidden assets or undervalued assets are in question. This time of year is traditionally...
How are Assets and Debts to be Divided in a Louisville Divorce?
How are assets and debts to be divided in a Louisville divorce? Property division can be one of the significant challenges in many divorce cases. The division of property includes any asset, debt, property or liability owned or owed by either of the parties or both. The divorce begins with financial disclosures by both parties. ...